Brady (NYSE:BRC) is set to post its quarterly earnings results before the market opens on Thursday, May 23rd. Analysts expect Brady to post earnings of $0.56 per share for the quarter. Brady has set its FY 2019 guidance at $2.25-2.35 EPS and its FY19 guidance at $2.25-2.35 EPS.
Brady (NYSE:BRC) last released its quarterly earnings data on Thursday, February 21st. The industrial products company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.03. The firm had revenue of $282.40 million during the quarter, compared to the consensus estimate of $285.50 million. Brady had a net margin of 10.31% and a return on equity of 15.17%. The firm’s revenue was down 1.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.48 earnings per share. On average, analysts expect Brady to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Brady stock opened at $47.09 on Thursday. The firm has a market capitalization of $2.50 billion, a price-to-earnings ratio of 23.08, a price-to-earnings-growth ratio of 2.74 and a beta of 0.98. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.06 and a quick ratio of 2.34. Brady has a 12 month low of $36.00 and a 12 month high of $50.12.
In other news, Director Elizabeth P. Bruno sold 8,400 shares of the business’s stock in a transaction on Monday, February 25th. The shares were sold at an average price of $47.65, for a total transaction of $400,260.00. Following the completion of the transaction, the director now owns 370,532 shares of the company’s stock, valued at $17,655,849.80. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Bentley Curran sold 21,814 shares of the business’s stock in a transaction on Monday, February 25th. The shares were sold at an average price of $47.52, for a total transaction of $1,036,601.28. Following the transaction, the vice president now directly owns 39,828 shares of the company’s stock, valued at approximately $1,892,626.56. The disclosure for this sale can be found here. In the last three months, insiders have sold 99,779 shares of company stock valued at $4,753,943. Corporate insiders own 15.60% of the company’s stock.
A number of equities analysts have commented on the stock. ValuEngine downgraded shares of Brady from a “buy” rating to a “hold” rating in a report on Wednesday. Zacks Investment Research downgraded shares of Brady from a “buy” rating to a “hold” rating in a report on Monday, April 29th. Finally, Northcoast Research reaffirmed a “buy” rating on shares of Brady in a report on Wednesday, February 13th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $46.00.
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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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