Brady Corp (NYSE:BRC) – Equities researchers at Northcoast Research lifted their Q4 2018 earnings estimates for Brady in a research note issued to investors on Thursday. Northcoast Research analyst K. Housum now expects that the industrial products company will post earnings of $0.60 per share for the quarter, up from their prior estimate of $0.56. Northcoast Research also issued estimates for Brady’s Q1 2019 earnings at $0.54 EPS, Q2 2019 earnings at $0.53 EPS and Q3 2019 earnings at $0.54 EPS.

Brady (NYSE:BRC) last posted its earnings results on Thursday, November 16th. The industrial products company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. The firm had revenue of $290.15 million during the quarter, compared to analysts’ expectations of $286.75 million. Brady had a net margin of 8.81% and a return on equity of 13.90%. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.44 earnings per share.

A number of other research firms have also recently commented on BRC. Zacks Investment Research cut shares of Brady from a “hold” rating to a “sell” rating in a report on Wednesday, January 17th. SunTrust Banks reissued a “hold” rating and issued a $39.00 target price on shares of Brady in a report on Friday, November 17th. Bank of America raised Brady from an “underperform” rating to a “buy” rating and set a $42.00 price objective for the company in a research note on Tuesday, January 2nd. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $36.00 price objective on shares of Brady in a research note on Friday, October 13th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $41.00.

Brady (NYSE BRC) opened at $39.20 on Friday. The company has a market cap of $2,020.00, a PE ratio of 20.85, a PEG ratio of 2.70 and a beta of 1.19. The company has a quick ratio of 1.62, a current ratio of 2.19 and a debt-to-equity ratio of 0.13. Brady has a fifty-two week low of $31.70 and a fifty-two week high of $40.50.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 10th will be paid a $0.2075 dividend. This represents a $0.83 annualized dividend and a dividend yield of 2.12%. The ex-dividend date is Tuesday, January 9th. Brady’s dividend payout ratio is currently 44.15%.

In other news, VP Thomas J. Felmer sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $39.00, for a total value of $390,000.00. Following the completion of the transaction, the vice president now owns 78,474 shares of the company’s stock, valued at $3,060,486. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Bentley Curran sold 21,784 shares of the company’s stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $39.01, for a total value of $849,793.84. Following the completion of the transaction, the vice president now directly owns 52,597 shares of the company’s stock, valued at approximately $2,051,808.97. The disclosure for this sale can be found here. Insiders sold 59,813 shares of company stock valued at $2,336,542 in the last ninety days. 15.60% of the stock is currently owned by insiders.

Institutional investors have recently added to or reduced their stakes in the company. Riverhead Capital Management LLC increased its stake in shares of Brady by 62.9% in the second quarter. Riverhead Capital Management LLC now owns 3,095 shares of the industrial products company’s stock valued at $105,000 after buying an additional 1,195 shares during the period. Hartford Investment Management Co. acquired a new position in shares of Brady in the third quarter valued at approximately $204,000. Amalgamated Bank increased its position in Brady by 5.0% during the 2nd quarter. Amalgamated Bank now owns 6,403 shares of the industrial products company’s stock valued at $217,000 after purchasing an additional 305 shares during the period. Cubist Systematic Strategies LLC increased its position in Brady by 54.8% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 7,316 shares of the industrial products company’s stock valued at $248,000 after purchasing an additional 2,591 shares during the period. Finally, Bowling Portfolio Management LLC acquired a new stake in Brady during the 4th quarter valued at approximately $276,000. 76.85% of the stock is owned by institutional investors.

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About Brady

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.

Earnings History and Estimates for Brady (NYSE:BRC)

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