Brady (BRC) Issues FY19 Earnings Guidance

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Brady (NYSE:BRC) updated its FY19 earnings guidance on Thursday. The company provided EPS guidance of $2.25-2.35 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.28. Brady also updated its FY 2019 guidance to $2.25-2.35 EPS.

Several brokerages have recently issued reports on BRC. Zacks Investment Research downgraded Brady from a buy rating to a hold rating in a research report on Tuesday, November 27th. Northcoast Research reaffirmed a buy rating on shares of Brady in a research report on Wednesday, February 13th. Finally, SunTrust Banks reaffirmed a hold rating and issued a $43.00 price target on shares of Brady in a research report on Monday, November 19th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of $46.00.

BRC stock opened at $47.30 on Thursday. Brady has a twelve month low of $35.95 and a twelve month high of $47.61. The stock has a market cap of $2.45 billion, a P/E ratio of 22.84, a PEG ratio of 2.71 and a beta of 0.93. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.09 and a current ratio of 2.72.

Brady (NYSE:BRC) last released its earnings results on Thursday, February 21st. The industrial products company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.03. Brady had a return on equity of 15.01% and a net margin of 8.15%. The business had revenue of $282.40 million for the quarter, compared to the consensus estimate of $285.50 million. During the same period last year, the business earned $0.48 earnings per share. The firm’s revenue for the quarter was down 1.9% compared to the same quarter last year. On average, sell-side analysts predict that Brady will post 2.3 earnings per share for the current fiscal year.

In other news, VP Thomas J. Felmer sold 31,667 shares of Brady stock in a transaction that occurred on Friday, January 18th. The shares were sold at an average price of $46.00, for a total value of $1,456,682.00. Following the completion of the transaction, the vice president now owns 72,040 shares in the company, valued at $3,313,840. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Thomas J. Felmer sold 20,000 shares of Brady stock in a transaction that occurred on Wednesday, February 13th. The shares were sold at an average price of $47.00, for a total transaction of $940,000.00. Following the completion of the transaction, the vice president now owns 60,705 shares of the company’s stock, valued at approximately $2,853,135. The disclosure for this sale can be found here. Over the last three months, insiders have sold 61,667 shares of company stock worth $2,826,682. 15.60% of the stock is owned by company insiders.

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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 and Estimates for Brady (NYSE:BRC)

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