Q1 2018 EPS Estimates for Brady Corporation Boosted by Analyst (BRC)

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.

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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.

Earnings History and Estimates for Brady Corporation (NYSE:BRC)

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