Brady Corp (BRC) Expected to Announce Earnings of $0.44 Per Share

Wall Street brokerages expect Brady Corp (NYSE:BRC) to post $0.44 earnings per share (EPS) for the current quarter, Zacks reports. Four analysts have issued estimates for Brady’s earnings, with the lowest EPS estimate coming in at $0.42 and the highest estimate coming in at $0.45. Brady posted earnings per share of $0.40 in the same quarter last year, which would indicate a positive year over year growth rate of 10%. The business is expected to issue its next earnings results on Thursday, February 22nd.

According to Zacks, analysts expect that Brady will report full year earnings of $1.93 per share for the current fiscal year, with EPS estimates ranging from $1.90 to $1.95. For the next financial year, analysts forecast that the business will report earnings of $2.07 per share, with EPS estimates ranging from $2.01 to $2.11. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that cover Brady.

Brady (NYSE:BRC) last announced its earnings results on Thursday, November 16th. The industrial products company reported $0.49 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.01. Brady had a return on equity of 13.90% and a net margin of 8.81%. The company had revenue of $290.15 million for the quarter, compared to analyst estimates of $286.75 million. During the same period in the prior year, the company posted $0.44 EPS. The firm’s quarterly revenue was up 3.6% compared to the same quarter last year.

Several analysts have weighed in on BRC shares. Zacks Investment Research downgraded Brady from a “hold” rating to a “sell” rating in a research note on Wednesday. SunTrust Banks reiterated a “hold” rating and set a $39.00 price target on shares of Brady in a research note on Friday, November 17th. Bank of America upgraded Brady from an “underperform” rating to a “buy” rating and set a $42.00 price target on the stock in a research note on Tuesday, January 2nd. Finally, Robert W. Baird reiterated a “hold” rating and set a $36.00 price target on shares of Brady in a research note on Friday, October 13th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. Brady has a consensus rating of “Hold” and a consensus price target of $41.00.

In other news, VP Thomas J. Felmer sold 10,000 shares of the company’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $39.00, for a total value of $390,000.00. Following the sale, the vice president now owns 78,474 shares in the company, valued at $3,060,486. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Bradley C. Richardson sold 1,400 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $39.15, for a total value of $54,810.00. Following the completion of the sale, the director now owns 2,511 shares in the company, valued at approximately $98,305.65. The disclosure for this sale can be found here. In the last quarter, insiders have sold 18,029 shares of company stock worth $706,748. Company insiders own 15.60% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. Riverhead Capital Management LLC boosted its stake in shares of Brady by 62.9% in the second quarter. Riverhead Capital Management LLC now owns 3,095 shares of the industrial products company’s stock worth $105,000 after buying an additional 1,195 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Brady in the second quarter worth about $118,000. Hartford Investment Management Co. purchased a new stake in shares of Brady in the third quarter worth about $204,000. Amalgamated Bank boosted its stake in shares of Brady by 5.0% in the second quarter. Amalgamated Bank now owns 6,403 shares of the industrial products company’s stock worth $217,000 after buying an additional 305 shares during the last quarter. Finally, Cubist Systematic Strategies LLC boosted its stake in shares of Brady by 54.8% in the second quarter. Cubist Systematic Strategies LLC now owns 7,316 shares of the industrial products company’s stock worth $248,000 after buying an additional 2,591 shares during the last quarter. Hedge funds and other institutional investors own 76.84% of the company’s stock.

Brady (BRC) traded up $0.85 during trading on Thursday, reaching $39.30. The company’s stock had a trading volume of 217,697 shares, compared to its average volume of 124,071. The company has a current ratio of 2.19, a quick ratio of 1.62 and a debt-to-equity ratio of 0.13. The stock has a market cap of $2,026.23, a P/E ratio of 20.79, a PEG ratio of 2.72 and a beta of 1.19. Brady has a twelve month low of $31.70 and a twelve month high of $40.50.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 10th will be paid a dividend of $0.2075 per share. The ex-dividend date is Tuesday, January 9th. This represents a $0.83 annualized dividend and a yield of 2.11%. Brady’s payout ratio is presently 43.92%.

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About Brady

Brady Corporation is a manufacturer and supplier of identification solutions and workplace safety products that identify and protect premises, products and people. The Company has two segments: Identification Solutions (IDS) and Workplace Safety (WPS). The IDS segment includes identification and healthcare products, and the WPS segment includes workplace safety and compliance products.

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Earnings History and Estimates for Brady (NYSE:BRC)

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