Stock analysts expect Brady Co. (NYSE:BRC – Get Rating) to report earnings per share (EPS) of $0.77 for the current fiscal quarter, reports Zacks Investment Research. Zero analysts released estimates of Brady’s earnings. Brady posted earnings of $0.71 per share in the same quarter last year, indicating a positive growth rate of 8.5% year over year. The company is expected to announce its next results before the market opens on Monday, January 1.
On average, analysts expect Brady to report annual earnings of $3.00 per share for the current year. For the next fiscal year, analysts expect the company to post earnings of $3.40 per share. Zacks Investment Research’s earnings per share calculations are an average average based on a survey of analysts who follow Brady.
Brady (NYSE:BRC – Get Rating) last released quarterly earnings data on Thursday, February 17. The industrial products company reported earnings per share (EPS) of $0.70 for the quarter, meeting analyst consensus estimates of $0.70. The company posted revenue of $318.06 million for the quarter, versus a consensus estimate of $304.64 million. Brady had a net margin of 10.81% and a return on equity of 15.49%. The company’s quarterly revenue increased by 19.6% compared to the same quarter last year. During the same period of the previous year, the company achieved EPS of $0.59.
The BRC has been the subject of a number of recent research reports. Zacks Investment Research upgraded Brady’s shares from a “sell” rating to a “hold” rating in a Tuesday, April 26 research report. Wells Fargo & Company cut Brady shares from an ‘overweight’ rating to an ‘equal weight’ rating and lowered its price target for the stock from $60.00 to $52.00 in a research note Friday, February 18. Finally, StockNews.com upgraded Brady’s shares from a “hold” rating to a “buy” rating in a Friday, March 25 research note.
NYSE: BRC opened at $45.54 on Thursday. The company’s 50-day moving average price is $45.56 and its 200-day moving average price is $49.69. The company has a market capitalization of $2.35 billion, a PE ratio of 17.79, a P/E/G ratio of 2.27 and a beta of 0.80. The company has a debt ratio of 0.09, a current ratio of 2.20 and a quick ratio of 1.46. Brady has a 1-year low of $41.69 and a 1-year high of $61.76.
The company also recently announced a quarterly dividend, which was paid on Friday, April 29. Shareholders of record on Friday, April 8 received a dividend of $0.225 per share. This represents an annualized dividend of $0.90 and a yield of 1.98%. The ex-dividend date was Thursday, April 7. Brady’s dividend payout ratio is currently 35.16%.
In related news, Vice Chairman Russell Shaller bought 10,000 shares in a trade on Tuesday, March 15. The shares were acquired at an average price of $43.50 per share, for a total transaction of $435,000.00. The transaction was disclosed in a document filed with the SEC, accessible via the SEC’s website. 15.60% of the shares are currently held by insiders.
A number of institutional investors and hedge funds have been buying and selling BRC shares recently. Royce & Associates LP increased its position in Brady shares by 38.8% during the first quarter. Royce & Associates LP now owns 31,289 shares of the industrial products company valued at $1,448,000 after buying 8,739 additional shares in the last quarter. Victory Capital Management Inc. increased its position in Brady stock by 71.2% during the 1st quarter. Victory Capital Management Inc. now owns 343,250 shares of the industrial products company valued at $15,360,000 after purchasing an additional 142,696 shares in the last quarter. Envestnet Asset Management Inc. increased its position in Brady shares by 8.2% during the 1st quarter. Envestnet Asset Management Inc. now owns 8,914 shares of the industrial products company valued at $412,000 after buying an additional 678 shares in the last quarter. abrdn plc increased its position in Brady shares by 57.8% during the first quarter. abrdn plc now owns 799,234 shares of the industrial products company valued at $37,820,000 after buying an additional 292,657 shares in the last quarter. Finally, Mutual of America Capital Management LLC increased its position in Brady shares by 4.9% during the 1st quarter. Mutual of America Capital Management LLC now owns 6,959 shares of the industrial products company valued at $322,000 after buying 328 additional shares in the last quarter. Institutional investors and hedge funds hold 78.70% of the company’s shares.
About Brady (Get a rating)
Brady Corporation manufactures and supplies Identification Solutions (IDS) and Workplace Safety Products (WPS) to identify and protect premises, products and people in the United States and around the world. The IDS segment offers safety signs, floor marking tapes, pipe markers, tagging systems, spill control products and lockout/tagout devices for facility identification and protection; materials, printing systems, RFID readers and barcodes for product identification, brand protection labeling, work-in-progress labeling and finished product identification; and handheld 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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