Zacks: Analysts Expect Brady Corporation (BRC) Will Announce Earnings of $0.48 Per Share
Equities analysts expect Brady Corporation (NYSE:BRC) to report earnings per share (EPS) of $0.48 for the current quarter, Zacks reports. Four analysts have made estimates for Brady Corporation’s earnings. The lowest EPS estimate is $0.47 and the highest is $0.49. Brady Corporation reported earnings of $0.44 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 9.1%. The firm is scheduled to issue its next quarterly earnings report before the market opens on Thursday, November 16th.
On average, analysts expect that Brady Corporation will report full-year earnings of $1.92 per share for the current fiscal year, with EPS estimates ranging from $1.89 to $1.95. For the next fiscal year, analysts forecast that the company will report earnings of $2.05 per share, with EPS estimates ranging from $2.00 to $2.14. Zacks’ EPS calculations are an average based on a survey of research analysts that cover Brady Corporation.
Brady Corporation (NYSE:BRC) last announced its earnings results on Thursday, September 7th. The company reported C$0.48 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.46 by C$0.02. The business had revenue of C$289.20 million for the quarter, compared to analyst estimates of C$280.47 million. Brady Corporation had a return on equity of 13.93% and a net margin of 8.59%. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.49 EPS.
A number of equities analysts have weighed in on the company. Zacks Investment Research lowered Brady Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, September 12th. Robert W. Baird set a $36.00 target price on Brady Corporation and gave the stock a “hold” rating in a research note on Thursday, August 24th. SunTrust Banks, Inc. restated a “hold” rating and issued a $38.00 target price on shares of Brady Corporation in a research note on Friday, October 27th. Finally, Bank of America Corporation increased their price objective on Brady Corporation from $33.00 to $34.00 and gave the company an “underperform” rating in a research report on Friday, September 8th. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of C$38.80.
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Brady Corporation (NYSE BRC) opened at C$37.90 on Monday. The firm has a market capitalization of $1,947.38, a PE ratio of 21.66, a price-to-earnings-growth ratio of 2.63 and a beta of 1.18. The company has a quick ratio of 1.61, a current ratio of 2.18 and a debt-to-equity ratio of 0.15. Brady Corporation has a one year low of C$31.70 and a one year high of C$40.50.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Tuesday, October 10th were given a dividend of $0.83 per share. The ex-dividend date of this dividend was Friday, October 6th. This is a positive change from Brady Corporation’s previous quarterly dividend of $0.21. This represents a $3.32 annualized dividend and a dividend yield of 8.76%. Brady Corporation’s dividend payout ratio is 45.11%.
In other news, Director Elizabeth P. Bruno sold 24,000 shares of the stock in a transaction dated Monday, September 25th. The stock was sold at an average price of C$36.75, for a total transaction of C$882,000.00. Following the transaction, the director now directly owns 371,509 shares in the company, valued at approximately C$13,652,955.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 15.60% of the stock is currently owned by corporate insiders.
Several institutional investors have recently made changes to their positions in BRC. UBS Asset Management Americas Inc. increased its position in shares of Brady Corporation by 34.0% during the 1st quarter. UBS Asset Management Americas Inc. now owns 31,818 shares of the company’s stock valued at $1,230,000 after purchasing an additional 8,077 shares during the last quarter. Teachers Advisors LLC increased its position in shares of Brady Corporation by 2.8% during the 1st quarter. Teachers Advisors LLC now owns 77,639 shares of the company’s stock valued at $3,001,000 after purchasing an additional 2,096 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Brady Corporation by 14.6% during the 1st quarter. Geode Capital Management LLC now owns 426,328 shares of the company’s stock valued at $16,476,000 after purchasing an additional 54,452 shares during the last quarter. Morgan Stanley boosted its holdings in Brady Corporation by 10.9% during the 1st quarter. Morgan Stanley now owns 341,407 shares of the company’s stock valued at $13,195,000 after acquiring an additional 33,662 shares during the period. Finally, BlackRock Inc. boosted its holdings in Brady Corporation by 84,523.4% during the 1st quarter. BlackRock Inc. now owns 5,658,766 shares of the company’s stock valued at $218,711,000 after acquiring an additional 5,652,079 shares during the period. Hedge funds and other institutional investors own 75.23% of the company’s stock.
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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