Brady Corporation (NYSE:BRC) – Equities researchers at SunTrust Banks lifted their Q1 2018 earnings per share estimates for shares of Brady Corporation in a research report issued to clients and investors on Monday. SunTrust Banks analyst C. Brady now anticipates that the industrial products company will post earnings of $0.47 per share for the quarter, up from their prior estimate of $0.45. SunTrust Banks also issued estimates for Brady Corporation’s Q2 2018 earnings at $0.41 EPS, Q4 2018 earnings at $0.54 EPS, FY2018 earnings at $1.89 EPS and FY2019 earnings at $2.00 EPS.

A number of other analysts have also recently issued reports on the company. Zacks Investment Research cut Brady Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday. Bank of America Corporation boosted their price objective on Brady Corporation from $33.00 to $34.00 and gave the company an “underperform” rating in a research report on Friday, September 8th. Robert W. Baird set a $36.00 price objective on Brady Corporation and gave the company a “hold” rating in a research report on Thursday, August 24th. Finally, BidaskClub cut Brady Corporation from a “sell” rating to a “strong sell” rating in a research report on Thursday, June 22nd. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $39.25.

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Shares of Brady Corporation (NYSE BRC) traded up 0.55% during mid-day trading on Thursday, reaching $36.50. 109,958 shares of the company’s stock traded hands. The firm has a market capitalization of $1.87 billion, a price-to-earnings ratio of 19.73 and a beta of 1.11. The stock has a 50-day moving average price of $33.39 and a 200 day moving average price of $36.09. Brady Corporation has a 12-month low of $31.70 and a 12-month high of $40.50.

Brady Corporation (NYSE:BRC) last issued its quarterly earnings data on Thursday, September 7th. The industrial products company reported $0.48 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.02. Brady Corporation had a net margin of 8.59% and a return on equity of 13.93%. The business had revenue of $289.20 million during the quarter, compared to analyst estimates of $280.47 million. During the same period last year, the business posted $0.49 earnings per share. Brady Corporation’s quarterly revenue was up 2.5% compared to the same quarter last year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Tuesday, October 10th will be given a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 9.15%. This is a boost from Brady Corporation’s previous quarterly dividend of $0.21. The ex-dividend date is Friday, October 6th. Brady Corporation’s dividend payout ratio is 44.57%.

Large investors have recently made changes to their positions in the business. Riverhead Capital Management LLC grew its position in Brady Corporation 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 acquiring an additional 1,195 shares during the period. SG Americas Securities LLC bought a new stake in Brady Corporation in the second quarter valued at $118,000. Ameritas Investment Partners Inc. bought a new stake in Brady Corporation in the first quarter valued at $153,000. Amalgamated Bank grew its position in Brady Corporation by 5.0% in the second quarter. Amalgamated Bank now owns 6,403 shares of the industrial products company’s stock valued at $217,000 after acquiring an additional 305 shares during the period. Finally, Brighton Jones LLC bought a new stake in Brady Corporation in the first quarter valued at $232,000. Hedge funds and other institutional investors own 76.57% of the company’s stock.

About Brady Corporation

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 Corporation (NYSE:BRC)

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