Brady (NYSE:BRC) Announces Earnings Results, Beats Expectations By $0.07 EPS

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Brady (NYSE:BRC) released its earnings results on Friday. The industrial products company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.07, Briefing.com reports. The company had revenue of $295.30 million during the quarter, compared to analysts’ expectations of $298.90 million. Brady had a net margin of 11.15% and a return on equity of 15.85%. Brady’s revenue for the quarter was down .7% on a year-over-year basis. During the same period last year, the business earned $0.66 EPS. Brady updated its FY 2020 guidance to $2.45-2.55 EPS and its FY guidance to $2.45-2.55 EPS.

Shares of NYSE BRC opened at $51.05 on Friday. The company has a current ratio of 3.03, a quick ratio of 2.36 and a debt-to-equity ratio of 0.06. Brady has a 12 month low of $38.81 and a 12 month high of $52.51. The company has a 50 day simple moving average of $49.29 and a two-hundred day simple moving average of $48.19. The stock has a market cap of $2.56 billion, a price-to-earnings ratio of 25.02, a PEG ratio of 2.59 and a beta of 0.95.

In other Brady news, VP Russell Shaller sold 2,225 shares of Brady stock in a transaction that occurred on Thursday, June 27th. The shares were sold at an average price of $48.25, for a total transaction of $107,356.25. Following the completion of the sale, the vice president now directly owns 41,677 shares in the company, valued at approximately $2,010,915.25. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Louis T. Bolognini sold 1,000 shares of Brady stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $48.50, for a total transaction of $48,500.00. Following the sale, the senior vice president now owns 29,208 shares of the company’s stock, valued at $1,416,588. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 34,943 shares of company stock valued at $1,720,379. Company insiders own 15.60% of the company’s stock.

A number of analysts recently commented on BRC shares. ValuEngine cut shares of Brady from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Wells Fargo & Co set a $45.00 target price on shares of Brady and gave the stock a “hold” rating in a research note on Friday, July 12th. Finally, Zacks Investment Research cut shares of Brady from a “hold” rating to a “sell” rating in a research note on Thursday, August 29th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $46.25.

Brady Company Profile

Brady Corporation manufactures and supplies identification solutions (IDS) and workplace safety (WPS) products to identify and protect premises, products, and people in the United States and internationally. The IDS segment offers safety signs, pipe markers, labeling systems, spill control products, and lockout/tagout devices for facility identification and protection; materials and printing systems for product identification, brand protection labeling, work in process labeling, and finished product identification; and hand-held printers, wire markers, sleeves, and tags for wire identification, as well as software and services for safety compliance auditing, procedure writing, and training.

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Earnings History for Brady (NYSE:BRC)

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