Brady (NYSE:BRC) announced its earnings results on Thursday. The industrial products company reported $0.46 EPS for the quarter, missing the Zacks’ consensus estimate of $0.48 by ($0.02), Yahoo Finance reports. The business had revenue of $265.90 million for the quarter, compared to the consensus estimate of $251.25 million. Brady had a net margin of 12.40% and a return on equity of 16.51%. The business’s quarterly revenue was down 8.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.65 EPS.
Brady stock opened at $48.17 on Friday. The business has a 50-day simple moving average of $43.50 and a two-hundred day simple moving average of $51.06. The company has a market cap of $2.49 billion, a P/E ratio of 18.12, a P/E/G ratio of 2.70 and a beta of 0.75. Brady has a 52-week low of $33.00 and a 52-week high of $59.11. The company has a quick ratio of 2.12, a current ratio of 2.68 and a debt-to-equity ratio of 0.04.
The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 10th will be paid a dividend of $0.218 per share. The ex-dividend date of this dividend is Thursday, July 9th. This represents a $0.87 dividend on an annualized basis and a dividend yield of 1.81%. Brady’s dividend payout ratio is currently 35.37%.
In other Brady news, Director Elizabeth P. Bruno sold 8,400 shares of the business’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $50.93, for a total transaction of $427,812.00. Following the completion of the sale, the director now directly owns 359,819 shares in the company, valued at approximately $18,325,581.67. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 15.60% of the company’s stock.
Several equities analysts have recently issued reports on the company. Zacks Investment Research lowered Brady from a “buy” rating to a “hold” rating in a research report on Tuesday. Sidoti raised Brady from a “neutral” rating to a “buy” rating and set a $59.00 target price for the company in a research report on Friday. Finally, Wells Fargo & Co boosted their target price on Brady from $37.00 to $40.00 and gave the stock an “underweight” rating in a research report on Friday. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $48.50.
Brady Company Profile
Brady Corporation manufactures and supplies identification solutions (IDS) and workplace safety (WPS) products to identify and protect premises, products, and people in the United States and internationally. The IDS segment offers safety signs, pipe markers, labeling systems, spill control products, and lockout/tagout devices for facility identification and protection; materials and printing systems for product identification, brand protection labeling, work in process labeling, and finished product identification; and hand-held printers, wire markers, sleeves, and tags for wire identification, as well as software and services for safety compliance auditing, procedure writing, and training.
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