Global Brass and Copper Holdings (BRSS) Earns News Impact Score of 0.17
Press coverage about Global Brass and Copper Holdings (NYSE:BRSS) has trended somewhat positive this week, according to Accern. The research firm ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Global Brass and Copper Holdings earned a daily sentiment score of 0.17 on Accern’s scale. Accern also assigned news headlines about the industrial products company an impact score of 46.4151024657956 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Shares of Global Brass and Copper Holdings (NYSE:BRSS) traded up 0.68% during midday trading on Thursday, hitting $29.70. The stock had a trading volume of 8,661 shares. Global Brass and Copper Holdings has a 52-week low of $22.75 and a 52-week high of $39.85. The firm’s 50 day moving average price is $30.52 and its 200 day moving average price is $32.39. The firm has a market cap of $650.55 million, a price-to-earnings ratio of 14.55 and a beta of 0.44.
Global Brass and Copper Holdings (NYSE:BRSS) last announced its quarterly earnings data on Wednesday, August 2nd. The industrial products company reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.03. Global Brass and Copper Holdings had a net margin of 3.10% and a return on equity of 55.01%. The business had revenue of $377.40 million during the quarter, compared to the consensus estimate of $398.45 million. During the same quarter in the prior year, the firm earned $0.43 EPS. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year. On average, equities research analysts expect that Global Brass and Copper Holdings will post $2.66 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 24th. Investors of record on Monday, August 14th were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date was Thursday, August 10th. This is an increase from Global Brass and Copper Holdings’s previous quarterly dividend of $0.04. Global Brass and Copper Holdings’s dividend payout ratio is currently 11.82%.
Separately, Zacks Investment Research lowered Global Brass and Copper Holdings from a “buy” rating to a “hold” rating in a research note on Thursday, May 11th.
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In related news, Director Martin E. Welch sold 3,708 shares of the business’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $29.08, for a total transaction of $107,828.64. Following the completion of the sale, the director now owns 21,686 shares of the company’s stock, valued at approximately $630,628.88. The sale was disclosed in a legal filing with the SEC, which is available through this link. 3.20% of the stock is owned by corporate insiders.
About Global Brass and Copper Holdings
Global Brass and Copper Holdings, Inc is a converter, fabricator, processor and distributor of specialized non-ferrous products, including a range of sheet, strip, foil, rod, tube and fabricated metal component products. The Company operates through three segments: Olin Brass, Chase Brass and A.J. Oster.
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