Somewhat Positive Press Coverage Somewhat Unlikely to Impact Brady Corporation (NYSE:BRC) Share Price
News stories about Brady Corporation (NYSE:BRC) have been trending somewhat positive this week, according to Accern Sentiment. Accern rates the sentiment of media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Brady Corporation earned a news impact score of 0.04 on Accern’s scale. Accern also gave media coverage about the industrial products company an impact score of 46.2884938501013 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
A number of brokerages recently commented on BRC. Zacks Investment Research cut shares of Brady Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. BidaskClub cut shares of Brady Corporation from a “sell” rating to a “strong sell” rating in a research note on Thursday, June 22nd. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. Brady Corporation currently has a consensus rating of “Hold” and a consensus price target of $38.75.
Shares of Brady Corporation (BRC) traded down 0.78% during midday trading on Friday, reaching $31.95. 192,437 shares of the company were exchanged. Brady Corporation has a 52-week low of $31.78 and a 52-week high of $40.50. The company has a market capitalization of $1.64 billion, a PE ratio of 17.27 and a beta of 1.12. The firm’s 50 day moving average is $33.43 and its 200-day moving average is $36.68.
Brady Corporation (NYSE:BRC) last issued its quarterly earnings results on Thursday, May 25th. The industrial products company reported $0.43 EPS for the quarter, hitting the consensus estimate of $0.43. Brady Corporation had a net margin of 8.64% and a return on equity of 14.44%. The firm had revenue of $275.90 million for the quarter, compared to analysts’ expectations of $279.39 million. During the same period in the previous year, the business earned $0.42 earnings per share. Brady Corporation’s revenue for the quarter was down 3.8% compared to the same quarter last year. On average, equities analysts forecast that Brady Corporation will post $1.81 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, July 31st. Shareholders of record on Monday, July 10th were given a $0.205 dividend. This represents a $0.82 annualized dividend and a yield of 2.57%. The ex-dividend date of this dividend was Thursday, July 6th. Brady Corporation’s dividend payout ratio (DPR) is presently 44.32%.
Brady Corporation Company Profile
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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