Brady Corp (BRC) Expected to Post Quarterly Sales of $303.95 Million

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Equities analysts expect Brady Corp (NYSE:BRC) to report sales of $303.95 million for the current quarter, according to Zacks. Two analysts have issued estimates for Brady’s earnings, with the highest sales estimate coming in at $305.40 million and the lowest estimate coming in at $302.50 million. Brady posted sales of $297.50 million in the same quarter last year, which indicates a positive year over year growth rate of 2.2%. The company is scheduled to announce its next earnings report on Thursday, September 12th.

According to Zacks, analysts expect that Brady will report full-year sales of $0.00 for the current fiscal year. For the next fiscal year, analysts anticipate that the firm will report sales of $1.22 billion, with estimates ranging from $1.21 billion to $1.23 billion. Zacks’ sales calculations are an average based on a survey of analysts that that provide coverage for Brady.

Brady (NYSE:BRC) last announced its earnings results on Thursday, May 23rd. The industrial products company reported $0.65 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.09. Brady had a return on equity of 15.17% and a net margin of 10.31%. The firm had revenue of $289.75 million for the quarter, compared to the consensus estimate of $292.66 million. During the same period in the previous year, the business earned $0.49 EPS. The firm’s revenue for the quarter was down 2.9% on a year-over-year basis.

Several research analysts recently weighed in on BRC shares. Northcoast Research restated a “buy” rating on shares of Brady in a research note on Wednesday, February 13th. Zacks Investment Research upgraded Brady from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a research note on Thursday, February 14th. Finally, ValuEngine downgraded Brady from a “buy” rating to a “hold” rating in a research note on Wednesday, May 15th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $46.00.

BRC stock traded down $1.16 on Friday, hitting $46.64. 325,046 shares of the company’s stock were exchanged, compared to its average volume of 358,868. Brady has a 12-month low of $36.00 and a 12-month high of $50.12. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.06 and a quick ratio of 2.34. The company has a market cap of $2.46 billion, a price-to-earnings ratio of 22.86, a price-to-earnings-growth ratio of 2.72 and a beta of 0.98.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 10th will be given a dividend of $0.2125 per share. The ex-dividend date of this dividend is Tuesday, July 9th. This represents a $0.85 dividend on an annualized basis and a yield of 1.82%. Brady’s dividend payout ratio is currently 41.67%.

In other Brady news, insider Helena Regina Nelligan sold 10,275 shares of Brady stock in a transaction dated Tuesday, February 26th. The stock was sold at an average price of $48.24, for a total transaction of $495,666.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Bentley Curran sold 21,814 shares of Brady stock in a transaction dated Monday, February 25th. The stock was sold at an average price of $47.52, for a total value of $1,036,601.28. Following the sale, the vice president now directly owns 39,828 shares of the company’s stock, valued at approximately $1,892,626.56. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 99,779 shares of company stock valued at $4,753,943. 15.60% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Quadrant Capital Group LLC lifted its position in Brady by 107.7% during the 1st quarter. Quadrant Capital Group LLC now owns 920 shares of the industrial products company’s stock worth $42,000 after acquiring an additional 477 shares during the period. PNC Financial Services Group Inc. lifted its holdings in shares of Brady by 44.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,595 shares of the industrial products company’s stock valued at $113,000 after buying an additional 793 shares during the period. Advisor Group Inc. lifted its holdings in shares of Brady by 45.1% in the 4th quarter. Advisor Group Inc. now owns 2,717 shares of the industrial products company’s stock valued at $118,000 after buying an additional 845 shares during the period. C M Bidwell & Associates Ltd. lifted its holdings in shares of Brady by 73.1% in the 1st quarter. C M Bidwell & Associates Ltd. now owns 3,965 shares of the industrial products company’s stock valued at $184,000 after buying an additional 1,675 shares during the period. Finally, Magnus Financial Group LLC acquired a new position in shares of Brady in the 1st quarter valued at about $207,000. 77.36% of the stock is owned by institutional investors.

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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