Equities analysts predict that Brady Co. (NYSE:BRC – Get Rating) will announce earnings per share (EPS) of $0.77 for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have provided estimates for Brady’s earnings. Brady reported earnings of $0.71 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 8.5%. The firm is scheduled to issue its next quarterly earnings report before the market opens on Monday, January 1st.
On average, analysts expect that Brady will report full year earnings of $3.00 per share for the current financial year. For the next fiscal year, analysts anticipate that the firm will report earnings of $3.40 per share. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Brady.
Brady (NYSE:BRC – Get Rating) last released its quarterly earnings results on Thursday, May 26th. The industrial products company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.77 by $0.09. The firm had revenue of $338.60 million during the quarter, compared to analyst estimates of $333.91 million. Brady had a return on equity of 15.49% and a net margin of 10.81%. The business’s revenue for the quarter was up 14.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.71 EPS.
Shares of BRC traded up $2.47 during trading hours on Thursday, hitting $48.34. The company had a trading volume of 4,363 shares, compared to its average volume of 265,021. The company has a market capitalization of $2.49 billion, a PE ratio of 18.89, a price-to-earnings-growth ratio of 2.13 and a beta of 0.80. The company has a current ratio of 2.20, a quick ratio of 1.46 and a debt-to-equity ratio of 0.09. Brady has a one year low of $41.69 and a one year high of $61.76. The company’s fifty day moving average price is $45.63 and its two-hundred day moving average price is $49.01.
In other Brady news, VP Russell Shaller bought 10,000 shares of Brady stock in a transaction that occurred on Tuesday, March 15th. The shares were bought at an average cost of $43.50 per share, with a total value of $435,000.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 15.60% of the company’s stock.
Institutional investors have recently bought and sold shares of the business. Point72 Hong Kong Ltd purchased a new stake in Brady during the 3rd quarter valued at about $64,000. Parallel Advisors LLC grew its stake in Brady by 3,227.9% during the 1st quarter. Parallel Advisors LLC now owns 1,431 shares of the industrial products company’s stock valued at $68,000 after purchasing an additional 1,388 shares during the last quarter. Lazard Asset Management LLC grew its stake in Brady by 14.4% during the 1st quarter. Lazard Asset Management LLC now owns 2,232 shares of the industrial products company’s stock valued at $103,000 after purchasing an additional 281 shares during the last quarter. Captrust Financial Advisors grew its stake in Brady by 55.8% during the 1st quarter. Captrust Financial Advisors now owns 3,372 shares of the industrial products company’s stock valued at $156,000 after purchasing an additional 1,208 shares during the last quarter. Finally, ARK Investment Management LLC grew its stake in Brady by 7.1% during the 1st quarter. ARK Investment Management LLC now owns 3,892 shares of the industrial products company’s stock valued at $180,000 after purchasing an additional 257 shares during the last quarter. Institutional investors and hedge funds own 78.70% of the company’s stock.
About Brady (Get Rating)
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, floor-marking tapes, pipe markers, labeling systems, spill control products, and lockout/tagout devices for facility identification and protection; materials, printing systems, RFID and bar code scanners 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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