Somewhat Negative News Coverage Somewhat Unlikely to Impact Brady Corporation (BRC) Share Price
Press coverage about Brady Corporation (NYSE:BRC) has been trending somewhat negative on Thursday, according to Accern. The research firm rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Brady Corporation earned a coverage optimism score of -0.01 on Accern’s scale. Accern also gave press coverage about the industrial products company an impact score of 48.1687687822532 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s rankings:
- Brady Corporation (BRC) Ex-Dividend Date Scheduled for… (nasdaq.com)
- Brady Corporation (BRC) Expected to Announce Earnings of $0.48 Per Share (americanbankingnews.com)
- PaintStripe™ Floor Marking Stencils Win Occupational Health & Safety 2017 New Product of the Year Award (news.thomasnet.com)
- Is It Time To Buy Brady Corporation (BRC) Based Off Its PE Ratio? (finance.yahoo.com)
- Brady Corporation (BRC) registers a price change of 1.06% while Telecom Argentina SA (TEO) finishes with a flow of … – Stocks Gallery (stocksgallery.com)
Shares of Brady Corporation (BRC) traded up 0.39% on Thursday, hitting $39.05. The stock had a trading volume of 75,251 shares. Brady Corporation has a 12-month low of $31.70 and a 12-month high of $40.50. The company has a 50 day moving average of $35.27 and a 200-day moving average of $35.91. The firm has a market capitalization of $2.01 billion, a P/E ratio of 21.40 and a beta of 1.13.
Brady Corporation (NYSE:BRC) last announced its earnings results 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 company had revenue of $289.20 million for the quarter, compared to analysts’ expectations of $280.47 million. During the same period last year, the firm earned $0.49 earnings per share. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. Equities analysts predict that Brady Corporation will post $1.93 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Tuesday, October 10th will be issued a dividend of $0.83 per share. The ex-dividend date is Friday, October 6th. This is a boost from Brady Corporation’s previous quarterly dividend of $0.21. This represents a $3.32 annualized dividend and a dividend yield of 8.53%. Brady Corporation’s dividend payout ratio (DPR) is currently 44.57%.
BRC has been the topic of a number of recent research reports. BidaskClub downgraded Brady Corporation from a “sell” rating to a “strong sell” rating in a report on Thursday, June 22nd. Zacks Investment Research downgraded Brady Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Robert W. Baird set a $36.00 price objective on Brady Corporation and gave the company a “hold” rating in a report on Thursday, August 24th. Finally, Bank of America Corporation lifted their price objective on Brady Corporation from $33.00 to $34.00 and gave the company an “underperform” rating in a report on Friday, September 8th. Two research 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. The stock currently has a consensus rating of “Hold” and an average target price of $38.33.
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In related news, Director Elizabeth P. Bruno sold 24,000 shares of Brady Corporation stock in a transaction that occurred on Monday, September 25th. The shares were sold at an average price of $36.75, for a total value of $882,000.00. Following the transaction, the director now directly owns 371,509 shares of the company’s stock, valued at $13,652,955.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 15.60% of the stock is currently owned by company insiders.
Brady Corporation Company Profile
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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