Brady Corporation (NYSE:BRC) – Analysts at Northcoast Research reduced their Q1 2018 EPS estimates for Brady Corporation in a research note issued to investors on Friday. Northcoast Research analyst K. Housum now anticipates that the industrial products company will post earnings of $0.48 per share for the quarter, down from their prior forecast of $0.51. Northcoast Research also issued estimates for Brady Corporation’s Q2 2018 earnings at $0.43 EPS and FY2019 earnings at $2.14 EPS.

Brady Corporation (NYSE:BRC) last posted its quarterly earnings results on Thursday, September 7th. The industrial products company reported $0.48 EPS for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.02. The business had revenue of $289.20 million for the quarter, compared to analysts’ expectations of $280.47 million. Brady Corporation had a return on equity of 13.93% and a net margin of 8.59%. The business’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period last year, the firm earned $0.49 earnings per share.

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Several other brokerages also recently weighed in on BRC. BidaskClub cut shares of Brady Corporation from a “sell” rating to a “strong sell” rating in a report on Thursday, June 22nd. Robert W. Baird set a $36.00 target price on shares of Brady Corporation and gave the stock a “hold” rating in a report on Thursday, August 24th. Zacks Investment Research raised shares of Brady Corporation from a “hold” rating to a “buy” rating and set a $42.00 target price on the stock in a report on Tuesday, May 30th. Finally, Bank of America Corporation increased their target price on shares of Brady Corporation from $33.00 to $34.00 and gave the stock an “underperform” rating in a report on Friday. Three analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $38.20.

Brady Corporation (NYSE:BRC) opened at 36.40 on Monday. The stock has a market cap of $1.87 billion, a price-to-earnings ratio of 19.68 and a beta of 1.11. Brady Corporation has a 12 month low of $31.70 and a 12 month high of $40.50. The stock’s 50 day moving average price is $33.07 and its 200-day moving average price is $36.11.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Tuesday, October 10th will be given a dividend of $0.83 per share. The ex-dividend date is Friday, October 6th. This represents a $3.32 annualized dividend and a dividend yield of 9.17%. This is a positive change from Brady Corporation’s previous quarterly dividend of $0.21. Brady Corporation’s dividend payout ratio is currently 44.57%.

A number of institutional investors and hedge funds have recently made changes to their positions in BRC. BlackRock Inc. boosted its position in shares of Brady Corporation by 84,523.4% during the 1st quarter. BlackRock Inc. now owns 5,658,766 shares of the industrial products company’s stock valued at $218,711,000 after purchasing an additional 5,652,079 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Brady Corporation by 14.3% during the 1st quarter. Vanguard Group Inc. now owns 5,320,613 shares of the industrial products company’s stock valued at $205,641,000 after purchasing an additional 666,642 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Brady Corporation by 10.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,629,633 shares of the industrial products company’s stock valued at $123,045,000 after purchasing an additional 345,775 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of Brady Corporation by 35.5% during the 2nd quarter. Wells Fargo & Company MN now owns 956,471 shares of the industrial products company’s stock valued at $32,425,000 after purchasing an additional 250,713 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in shares of Brady Corporation by 13.2% during the 2nd quarter. Renaissance Technologies LLC now owns 1,649,100 shares of the industrial products company’s stock valued at $55,904,000 after purchasing an additional 192,000 shares in the last quarter. Hedge funds and other institutional investors own 76.57% of the company’s stock.

About Brady Corporation

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 and Estimates for Brady Corporation (NYSE:BRC)

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