Zacks: Brokerages Anticipate Brady Co. (NYSE:BRC) to Post $0.77 Earnings Per Share

Equities research analysts expect that Brady Co. (NYSE:BRCGet Rating) will report earnings of $0.77 per share for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have made estimates for Brady’s earnings. Brady posted earnings of $0.71 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 8.5%. The company is scheduled to announce its next quarterly earnings results 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 business will post earnings of $3.40 per share. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for Brady.

Brady (NYSE:BRCGet Rating) last posted its quarterly earnings data on Thursday, May 26th. The industrial products company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.09. Brady had a net margin of 10.81% and a return on equity of 15.49%. The business had revenue of $338.60 million during the quarter, compared to analysts’ expectations of $333.91 million. During the same quarter in the prior year, the business posted $0.71 earnings per share. Brady’s revenue was up 14.6% compared to the same quarter last year.

Several equities research analysts recently weighed in on the stock. Zacks Investment Research raised shares of Brady from a “sell” rating to a “hold” rating in a research report on Tuesday, April 26th. Wells Fargo & Company downgraded Brady from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $60.00 to $52.00 in a research note on Friday, February 18th. Finally, StockNews.com raised Brady from a “hold” rating to a “buy” rating in a research note on Friday, March 25th.

BRC traded up $2.47 on Thursday, hitting $48.34. 4,363 shares of the stock were exchanged, compared to its average volume of 265,021. Brady has a 12 month low of $41.69 and a 12 month high of $61.76. The business has a 50-day moving average of $45.63 and a two-hundred day moving average of $49.01. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.20 and a quick ratio of 1.46. The firm has a market capitalization of $2.49 billion, a price-to-earnings ratio of 18.89, a PEG ratio of 2.13 and a beta of 0.80.

In other news, VP Russell Shaller acquired 10,000 shares of the stock in a transaction dated Tuesday, March 15th. The stock was bought at an average price of $43.50 per share, with a total value of $435,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 15.60% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in shares of Brady by 2.2% in the fourth quarter. BlackRock Inc. now owns 7,567,145 shares of the industrial products company’s stock valued at $407,869,000 after buying an additional 164,922 shares during the period. Vanguard Group Inc. increased its position in Brady by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 5,332,099 shares of the industrial products company’s stock valued at $246,716,000 after purchasing an additional 17,763 shares during the period. JPMorgan Chase & Co. increased its position in Brady by 2.3% during the 4th quarter. JPMorgan Chase & Co. now owns 2,394,769 shares of the industrial products company’s stock valued at $129,078,000 after purchasing an additional 53,367 shares during the period. Dimensional Fund Advisors LP increased its position in Brady by 0.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,358,383 shares of the industrial products company’s stock valued at $68,872,000 after purchasing an additional 5,422 shares during the period. Finally, Van Berkom & Associates Inc. increased its position in Brady by 3.7% during the 1st quarter. Van Berkom & Associates Inc. now owns 1,350,642 shares of the industrial products company’s stock valued at $62,494,000 after purchasing an additional 48,436 shares during the period. 78.70% of the stock is owned by institutional investors.

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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