News headlines about Brady Corporation (NYSE:BRC) have been trending somewhat positive on Sunday, according to Accern Sentiment. Accern rates the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Brady Corporation earned a media sentiment score of 0.06 on Accern’s scale. Accern also gave news coverage about the industrial products company an impact score of 48.4467109075889 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Brady Corporation (NYSE:BRC) traded up 0.96% on Friday, hitting $36.80. The stock had a trading volume of 309,473 shares. The firm has a market cap of $1.89 billion, a price-to-earnings ratio of 20.16 and a beta of 1.11. The company’s 50-day moving average price is $33.67 and its 200 day moving average price is $36.00. Brady Corporation has a one year low of $31.70 and a one year high of $40.50.
Brady Corporation (NYSE:BRC) last issued its earnings results on Thursday, September 7th. The industrial products company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.02. Brady Corporation had a net margin of 8.59% and a return on equity of 13.93%. The business had revenue of $289.20 million for the quarter, compared to analyst estimates of $280.47 million. During the same period in the previous year, the business earned $0.49 EPS. The firm’s revenue was up 2.5% on a year-over-year basis. Analysts expect that Brady Corporation will post $1.93 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Tuesday, October 10th will be paid a $0.83 dividend. The ex-dividend date is Friday, October 6th. This is an increase from Brady Corporation’s previous quarterly dividend of $0.21. This represents a $3.32 dividend on an annualized basis and a dividend yield of 9.02%. Brady Corporation’s payout ratio is currently 44.57%.
A number of analysts have recently commented on BRC shares. Zacks Investment Research downgraded Brady Corporation from a “buy” rating to a “hold” rating in a research note on Monday, May 29th. BidaskClub cut Brady Corporation from a “sell” rating to a “strong sell” rating in a report on Thursday, June 22nd. Robert W. Baird set a $36.00 target price on Brady Corporation and gave the company a “hold” rating in a report on Thursday, August 24th. Finally, Bank of America Corporation increased their price target on Brady Corporation from $33.00 to $34.00 and gave the company an “underperform” rating in a report on Friday, September 8th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $39.25.
Brady Corporation Company Profile
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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