Wall Street analysts expect that Brady Corp (NYSE:BRC) will announce $294.30 million in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Brady’s earnings, with estimates ranging from $291.60 million to $298.90 million. Brady posted sales of $275.93 million during the same quarter last year, which suggests a positive year-over-year growth rate of 6.7%. The firm is expected to report its next quarterly earnings results on Thursday, May 24th.
According to Zacks, analysts expect that Brady will report full year sales of $294.30 million for the current fiscal year, with estimates ranging from $1.16 billion to $1.18 billion. For the next fiscal year, analysts expect that the business will report sales of $1.21 billion per share, with estimates ranging from $1.20 billion to $1.22 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that that provide coverage for Brady.
Brady (NYSE:BRC) last announced its quarterly earnings data on Thursday, February 22nd. The industrial products company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.04. Brady had a net margin of 6.82% and a return on equity of 14.10%. The firm had revenue of $287.78 million for the quarter, compared to analyst estimates of $277.17 million. During the same quarter in the prior year, the business earned $0.40 earnings per share. The business’s quarterly revenue was up 7.4% compared to the same quarter last year.
In related news, VP Thomas J. Felmer sold 2,649 shares of the company’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $39.52, for a total value of $104,688.48. Following the sale, the vice president now owns 57,668 shares in the company, valued at approximately $2,279,039.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Bentley Curran sold 20,000 shares of the company’s stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $39.00, for a total transaction of $780,000.00. Following the completion of the sale, the vice president now owns 52,597 shares in the company, valued at approximately $2,051,283. The disclosure for this sale can be found here. Insiders sold a total of 44,433 shares of company stock worth $1,734,482 in the last 90 days. 15.60% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. raised its holdings in shares of Brady by 3.3% in the 4th quarter. BlackRock Inc. now owns 6,081,722 shares of the industrial products company’s stock worth $230,496,000 after acquiring an additional 196,730 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Brady by 3.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,770,218 shares of the industrial products company’s stock worth $143,457,000 after acquiring an additional 140,585 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Brady by 2.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,753,034 shares of the industrial products company’s stock worth $66,528,000 after acquiring an additional 38,340 shares during the last quarter. Wells Fargo & Company MN raised its holdings in shares of Brady by 7.3% in the 4th quarter. Wells Fargo & Company MN now owns 1,137,888 shares of the industrial products company’s stock worth $43,126,000 after acquiring an additional 77,783 shares during the last quarter. Finally, William Blair Investment Management LLC raised its holdings in shares of Brady by 5.7% in the 4th quarter. William Blair Investment Management LLC now owns 894,114 shares of the industrial products company’s stock worth $33,887,000 after acquiring an additional 48,388 shares during the last quarter. Institutional investors own 79.24% of the company’s stock.
Brady (NYSE:BRC) opened at $39.00 on Monday. Brady has a fifty-two week low of $31.70 and a fifty-two week high of $40.25. The firm has a market cap of $2,019.26, a PE ratio of 26.35, a PEG ratio of 2.63 and a beta of 1.12. The company has a current ratio of 2.41, a quick ratio of 1.75 and a debt-to-equity ratio of 0.10.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Monday, April 9th will be issued a $0.2075 dividend. The ex-dividend date of this dividend is Friday, April 6th. This represents a $0.83 dividend on an annualized basis and a dividend yield of 2.13%. Brady’s dividend payout ratio is presently 56.08%.
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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