Brady (BRC) Announces Quarterly Earnings Results

Brady (NYSE:BRC) issued its quarterly earnings results on Thursday. The industrial products company reported $0.65 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.09, RTT News reports. The company had revenue of $289.75 million during the quarter, compared to the consensus estimate of $292.66 million. Brady had a return on equity of 15.17% and a net margin of 10.31%. Brady’s revenue was down 2.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.49 EPS. Brady updated its FY 2019 guidance to $2.35-2.40 EPS and its FY19 guidance to $2.35-2.40 EPS.

Shares of Brady stock opened at $45.99 on Thursday. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.06 and a quick ratio of 2.34. Brady has a twelve month low of $36.00 and a twelve month high of $50.12. The firm has a market cap of $2.49 billion, a P/E ratio of 22.54, a price-to-earnings-growth ratio of 2.72 and a beta of 0.98.

Several research analysts have weighed in on the company. Zacks Investment Research downgraded Brady from a “buy” rating to a “hold” rating in a report on Monday, April 29th. ValuEngine downgraded Brady from a “buy” rating to a “hold” rating in a report on Wednesday, May 15th. Finally, Northcoast Research restated a “buy” rating on shares of Brady in a report on Wednesday, February 13th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. Brady has an average rating of “Hold” and an average price target of $46.00.

In other Brady news, SVP Louis T. Bolognini sold 11,131 shares of the company’s stock in a transaction dated Monday, February 25th. The shares were sold at an average price of $47.32, for a total value of $526,718.92. Following the completion of the transaction, the senior vice president now directly owns 37,971 shares of the company’s stock, valued at approximately $1,796,787.72. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Bentley Curran sold 21,814 shares of the company’s stock in a transaction dated Monday, February 25th. The shares were sold at an average price of $47.52, for a total transaction of $1,036,601.28. Following the completion of the transaction, the vice president now directly owns 39,828 shares of the company’s stock, valued at $1,892,626.56. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 99,779 shares of company stock valued at $4,753,943. 15.60% of the stock is owned by corporate insiders.

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

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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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Earnings History for Brady (NYSE:BRC)

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