Brady Corporation (NYSE:BRC) – Investment analysts at SunTrust Banks upped their Q1 2018 earnings per share estimates for shares of Brady Corporation in a report released on Monday. SunTrust Banks analyst C. Brady now forecasts that the industrial products company will post earnings of $0.47 per share for the quarter, up from their previous estimate of $0.45. SunTrust Banks also issued estimates for Brady Corporation’s Q2 2018 earnings at $0.41 EPS, Q4 2018 earnings at $0.54 EPS, FY2018 earnings at $1.89 EPS and FY2019 earnings at $2.00 EPS.
Brady Corporation (NYSE:BRC) last released its quarterly earnings results on Thursday, September 7th. The industrial products company reported $0.48 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.02. Brady Corporation had a return on equity of 13.93% and a net margin of 8.59%. The business had revenue of $289.20 million during the quarter, compared to analysts’ expectations of $280.47 million. During the same quarter in the prior year, the business earned $0.49 earnings per share. The company’s quarterly revenue was up 2.5% compared to the same quarter last year.
A number of other research analysts have also issued reports on the company. Zacks Investment Research lowered Brady Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday. Bank of America Corporation boosted 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. Robert W. Baird set a $36.00 price objective on Brady Corporation and gave the company a “hold” rating in a research report on Thursday, August 24th. Finally, BidaskClub lowered Brady Corporation from a “sell” rating to a “strong sell” rating in a research report on Thursday, June 22nd. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. Brady Corporation has a consensus rating of “Hold” and a consensus target price of $39.25.
Shares of Brady Corporation (NYSE BRC) opened at 36.45 on Thursday. Brady Corporation has a 1-year low of $31.70 and a 1-year high of $40.50. The stock has a market cap of $1.87 billion, a PE ratio of 19.70 and a beta of 1.11. The stock’s 50 day moving average price is $33.48 and its 200 day moving average price is $36.07.
A number of large investors have recently added to or reduced their stakes in BRC. Riverhead Capital Management LLC boosted its position in Brady Corporation by 62.9% during the 2nd quarter. Riverhead Capital Management LLC now owns 3,095 shares of the industrial products company’s stock valued at $105,000 after purchasing an additional 1,195 shares during the period. SG Americas Securities LLC acquired a new position in Brady Corporation during the 2nd quarter valued at approximately $118,000. Ameritas Investment Partners Inc. acquired a new position in Brady Corporation during the 1st quarter valued at approximately $153,000. Amalgamated Bank boosted its position in Brady Corporation by 5.0% during the 2nd quarter. Amalgamated Bank now owns 6,403 shares of the industrial products company’s stock valued at $217,000 after purchasing an additional 305 shares during the period. Finally, Brighton Jones LLC acquired a new position in Brady Corporation during the 1st quarter valued at approximately $232,000. Institutional investors and hedge funds own 76.57% of the company’s stock.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Tuesday, October 10th will be given a dividend of $0.83 per share. The ex-dividend date of this dividend is Friday, October 6th. This represents a $3.32 dividend on an annualized basis and a yield of 9.11%. This is a positive change from Brady Corporation’s previous quarterly dividend of $0.21. Brady Corporation’s payout ratio is currently 44.57%.
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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