Brady Corporation (BRC) Updates FY18 Earnings Guidance
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.
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