Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Brady Corporation (BRC) Stock Price
Media headlines about Brady Corporation (NYSE:BRC) have been trending somewhat positive recently, Accern Sentiment reports. The research group identifies negative and positive news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Brady Corporation earned a coverage optimism score of 0.06 on Accern’s scale. Accern also assigned news articles about the industrial products company an impact score of 48.4467109075889 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s analysis:
- Brady Corp. :BRC-US: Earnings Analysis: Q4, 2017 By the Numbers : September 15, 2017 (finance.yahoo.com)
- Brady Breaks Above 200-Day Moving Average – Bullish for BRC (nasdaq.com)
- Q1 2018 EPS Estimates for Brady Corporation Increased by SunTrust Banks (BRC) (americanbankingnews.com)
- Brady Corporation Files 2017 Annual Report on Form 10-K with the U.S. Securities and Exchange Commission (finance.yahoo.com)
BRC has been the subject of several research analyst reports. Zacks Investment Research downgraded Brady Corporation from a “buy” rating to a “hold” rating in a research note on Monday, May 29th. Bank of America Corporation boosted their target price on Brady Corporation from $33.00 to $34.00 and gave the stock an “underperform” rating in a research note on Friday, September 8th. BidaskClub downgraded Brady Corporation from a “sell” rating to a “strong sell” rating in a research note on Thursday, June 22nd. Finally, Robert W. Baird set a $36.00 price objective on Brady Corporation and gave the company a “hold” rating in a research note on Thursday, August 24th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. Brady Corporation currently has a consensus rating of “Hold” and an average price target of $39.25.
Brady Corporation (NYSE:BRC) traded up 0.41% during trading on Friday, hitting $36.45. The company’s stock had a trading volume of 491,616 shares. The firm has a 50 day moving average of $33.48 and a 200 day moving average of $36.07. Brady Corporation has a 12 month low of $31.70 and a 12 month high of $40.50. The firm has a market cap of $1.87 billion, a P/E ratio of 19.70 and a beta of 1.11.
Brady Corporation (NYSE:BRC) last posted its earnings results on Thursday, September 7th. The industrial products company reported $0.48 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.02. Brady Corporation had a return on equity of 13.93% and a net margin of 8.59%. The firm had revenue of $289.20 million for the quarter, compared to analysts’ expectations of $280.47 million. During the same period in the previous year, the firm earned $0.49 earnings per share. The business’s revenue was up 2.5% compared to the same quarter last year. Equities research analysts predict that Brady Corporation will post $1.93 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Tuesday, October 10th will be paid a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 9.11%. This is a boost from Brady Corporation’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Friday, October 6th. Brady Corporation’s dividend payout ratio is presently 44.57%.
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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.
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