Brady Corporation (NYSE:BRC) updated its FY18 earnings guidance on Thursday. The company provided earnings per share guidance of $1.85-1.95 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.93.

A number of analysts have recently weighed in on the stock. Bank of America Corporation raised their price target on shares of Brady Corporation from $34.00 to $35.00 and gave the stock an underperform rating in a research report on Friday. SunTrust Banks, Inc. reissued a hold rating and set a $39.00 price target on shares of Brady Corporation in a research report on Friday. Robert W. Baird reissued a hold rating and set a $36.00 price target on shares of Brady Corporation in a research report on Friday, October 13th. Finally, Zacks Investment Research raised shares of Brady Corporation from a hold rating to a buy rating and set a $43.00 price target for the company in a research report on Wednesday, November 1st. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $39.20.

Brady Corporation (NYSE BRC) opened at $38.75 on Friday. The company has a market cap of $1,965.36, a price-to-earnings ratio of 21.86, a price-to-earnings-growth ratio of 2.66 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 1-year low of $31.70 and a 1-year high of $40.50.

Brady Corporation (NYSE:BRC) last released its quarterly earnings data on Thursday, November 16th. The industrial products company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. The firm had revenue of $290.15 million during the quarter, compared to the consensus estimate of $286.75 million. Brady Corporation had a net margin of 8.59% and a return on equity of 13.93%. The firm’s revenue was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.44 earnings per share. equities analysts forecast that Brady Corporation will post 1.92 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 10th will be issued a $0.2075 dividend. This represents a $0.83 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date is Tuesday, January 9th. Brady Corporation’s dividend payout ratio is presently 45.11%.

In other Brady Corporation news, Director Elizabeth P. Bruno sold 24,000 shares of Brady Corporation stock in a transaction on Monday, September 25th. The shares were sold at an average price of $36.75, for a total value of $882,000.00. Following the completion of the transaction, the director now owns 371,509 shares of the company’s stock, valued at $13,652,955.75. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 15.60% of the company’s stock.

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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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