Brady (NYSE:BRC) released its quarterly earnings results on Thursday. The industrial products company reported $0.66 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.14, MarketWatch Earnings reports. Brady had a net margin of 6.98% and a return on equity of 14.23%. The firm had revenue of $297.50 million for the quarter, compared to the consensus estimate of $297.04 million. During the same quarter in the previous year, the firm posted $0.48 EPS. The firm’s quarterly revenue was up 2.9% on a year-over-year basis. Brady updated its FY19 guidance to $2.15-2.25 EPS.

BRC opened at $45.15 on Friday. The stock has a market capitalization of $2.15 billion, a PE ratio of 25.80, a P/E/G ratio of 2.56 and a beta of 1.13. Brady has a 1-year low of $35.00 and a 1-year high of $45.28. The company has a quick ratio of 1.71, a current ratio of 2.34 and a debt-to-equity ratio of 0.08.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 31st. Investors of record on Wednesday, October 10th will be paid a dividend of $0.85 per share. This is an increase from Brady’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Tuesday, October 9th. This represents a $3.40 annualized dividend and a yield of 7.53%. Brady’s payout ratio is 47.43%.

Several equities research analysts recently issued reports on BRC shares. Zacks Investment Research downgraded shares of Brady from a “buy” rating to a “hold” rating in a research note on Friday, May 18th. Bank of America downgraded shares of Brady from a “buy” rating to an “underperform” rating and set a $40.00 price target on the stock. in a research note on Monday, July 16th. Finally, ValuEngine raised shares of Brady from a “hold” rating to a “buy” rating in a research note on Thursday, September 6th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $39.75.

In other news, Director Bradley C. Richardson sold 1,000 shares of the business’s stock in a transaction dated Wednesday, June 20th. The shares were sold at an average price of $40.61, for a total value of $40,610.00. Following the completion of the sale, the director now owns 5,170 shares of the company’s stock, valued at approximately $209,953.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Thomas J. Felmer sold 11,667 shares of the business’s stock in a transaction dated Wednesday, September 5th. The stock was sold at an average price of $41.55, for a total transaction of $484,763.85. Following the completion of the sale, the vice president now directly owns 69,782 shares of the company’s stock, valued at approximately $2,899,442.10. The disclosure for this sale can be found here. Insiders sold a total of 38,124 shares of company stock valued at $1,544,109 in the last three months. Insiders own 15.60% of the company’s stock.

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.

Featured Story: Trading Strategy Methods for Individual Investors

Earnings History for Brady (NYSE:BRC)

Receive News & Ratings for Brady Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brady and related companies with MarketBeat.com's FREE daily email newsletter.