Brady Corporation (NYSE:BRC) announced its quarterly earnings results on Thursday. The industrial products company reported $0.48 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.02, MarketWatch Earnings reports. Brady Corporation had a return on equity of 14.44% and a net margin of 8.64%. The business had revenue of $289.20 million for the quarter, compared to analyst estimates of $280.47 million. During the same quarter in the previous year, the firm earned $0.49 EPS. Brady Corporation’s quarterly revenue was up 2.5% on a year-over-year basis. Brady Corporation updated its FY18 guidance to $1.85-1.95 EPS.

Brady Corporation (NYSE BRC) opened at 33.15 on Thursday. Brady Corporation has a 1-year low of $31.70 and a 1-year high of $40.50. The firm has a market capitalization of $1.70 billion, a PE ratio of 17.92 and a beta of 1.11. The firm has a 50-day moving average price of $33.00 and a 200-day moving average price of $36.19.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Tuesday, October 10th will be paid a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 10.02%. This is a boost from Brady Corporation’s previous quarterly dividend of $0.21. Brady Corporation’s payout ratio is presently 44.32%.

Several hedge funds have recently bought and sold shares of BRC. Riverhead Capital Management LLC raised its position in shares of Brady Corporation by 62.9% in the 2nd quarter. Riverhead Capital Management LLC now owns 3,095 shares of the industrial products company’s stock worth $105,000 after acquiring an additional 1,195 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Brady Corporation in the 2nd quarter worth about $118,000. Ameritas Investment Partners Inc. bought a new position in shares of Brady Corporation in the 1st quarter worth about $153,000. State of Alaska Department of Revenue raised its position in shares of Brady Corporation by 2.3% in the 1st quarter. State of Alaska Department of Revenue now owns 5,260 shares of the industrial products company’s stock worth $203,000 after acquiring an additional 120 shares in the last quarter. Finally, Amalgamated Bank raised its position in shares of Brady Corporation by 5.0% in the 2nd quarter. Amalgamated Bank now owns 6,403 shares of the industrial products company’s stock worth $217,000 after acquiring an additional 305 shares in the last quarter. 76.57% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts have recently weighed in on BRC shares. Zacks Investment Research upgraded Brady Corporation from a “hold” rating to a “buy” rating and set a $42.00 target price for the company in a research report on Tuesday, May 30th. BidaskClub downgraded Brady Corporation from a “sell” rating to a “strong sell” rating in a report on Thursday, June 22nd. Finally, Robert W. Baird set a $36.00 price objective on Brady Corporation and gave the company a “hold” rating in a report on Thursday, August 24th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. Brady Corporation presently has an average rating of “Hold” and a consensus price target of $39.25.

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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.

Earnings History for Brady Corporation (NYSE:BRC)

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