Brady (NYSE:BRC) updated its FY 2020
Pre-Market earnings guidance on Monday. The company provided earnings per share guidance of $$2.50-2.60 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $$2.57.
Several brokerages recently issued reports on BRC. ValuEngine downgraded Brady from a buy rating to a hold rating in a report on Thursday, August 1st. Northcoast Research downgraded Brady from a buy rating to a neutral rating in a report on Thursday, October 31st. Wells Fargo & Co upped their price objective on Brady from $50.00 to $55.00 and gave the company a market perform rating in a research note on Friday. Zacks Investment Research upgraded Brady from a sell rating to a hold rating in a research note on Tuesday, November 19th. Finally, Bank of America upped their price objective on Brady from $46.00 to $49.00 and gave the company an underperform rating in a research note on Monday, September 9th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. The company has an average rating of Hold and a consensus target price of $54.67.
NYSE:BRC traded up $0.72 during trading on Monday, reaching $57.96. The company’s stock had a trading volume of 2,092 shares, compared to its average volume of 279,381. The firm has a market cap of $2.93 billion, a price-to-earnings ratio of 23.50, a price-to-earnings-growth ratio of 2.87 and a beta of 0.92. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.87 and a current ratio of 2.32. The firm has a 50 day moving average of $55.25 and a 200-day moving average of $50.92. Brady has a 12 month low of $40.04 and a 12 month high of $58.83.
Brady (NYSE:BRC) last announced its quarterly earnings data on Thursday, November 21st. The industrial products company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.07. The firm had revenue of $287.00 million during the quarter, compared to the consensus estimate of $293.67 million. Brady had a return on equity of 16.47% and a net margin of 11.97%. The business’s revenue for the quarter was down 2.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.58 EPS. Equities research analysts forecast that Brady will post 2.57 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 10th will be paid a dividend of $0.218 per share. The ex-dividend date of this dividend is Thursday, January 9th. This represents a $0.87 annualized dividend and a dividend yield of 1.50%. Brady’s payout ratio is 35.37%.
In other news, VP Thomas J. Felmer sold 1,142 shares of the stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $53.95, for a total transaction of $61,610.90. Following the completion of the transaction, the vice president now owns 66,813 shares in the company, valued at approximately $3,604,561.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO J Michael Nauman sold 3,561 shares of the stock in a transaction on Monday, October 28th. The stock was sold at an average price of $58.00, for a total value of $206,538.00. Following the transaction, the chief executive officer now owns 109,756 shares of the company’s stock, valued at approximately $6,365,848. The disclosure for this sale can be found here. Insiders have sold a total of 124,556 shares of company stock valued at $5,504,501 in the last quarter. 15.60% of the stock is owned by corporate insiders.
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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