Brady (NYSE:BRC – Get Rating) released its quarterly earnings data on Thursday. The industrial products company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.06, MarketWatch Earnings reports. Brady had a net margin of 10.81% and a return on equity of 15.49%. The business had revenue of $338.60 million during the quarter, compared to analyst estimates of $333.91 million. During the same period in the previous year, the business earned $0.71 EPS. Brady’s revenue was up 14.6% compared to the same quarter last year. Brady updated its FY 2022 guidance to $3.08-$3.17 EPS and its FY22 guidance to $3.08-3.17 EPS.
BRC opened at $49.99 on Friday. The company has a fifty day moving average price of $45.73 and a 200-day moving average price of $48.92. The firm has a market capitalization of $2.58 billion, a P/E ratio of 19.53, a price-to-earnings-growth ratio of 2.13 and a beta of 0.80. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.20 and a quick ratio of 1.46. Brady has a one year low of $41.69 and a one year high of $61.76.
The company also recently declared a quarterly dividend, which will be paid on Friday, July 29th. Stockholders of record on Friday, July 8th will be given a dividend of $0.225 per share. The ex-dividend date of this dividend is Thursday, July 7th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.80%. Brady’s dividend payout ratio (DPR) is currently 35.16%.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Hsbc Holdings PLC lifted its holdings in shares of Brady by 57.5% during the 1st quarter. Hsbc Holdings PLC now owns 15,022 shares of the industrial products company’s stock worth $700,000 after acquiring an additional 5,485 shares during the last quarter. Wellington Management Group LLP bought a new stake in Brady in the first quarter worth $631,000. Mirabella Financial Services LLP bought a new stake in Brady in the first quarter worth $549,000. Graham Capital Management L.P. bought a new stake in Brady in the first quarter worth $439,000. Finally, Walleye Capital LLC lifted its stake in Brady by 93.6% in the first quarter. Walleye Capital LLC now owns 8,183 shares of the industrial products company’s stock worth $379,000 after purchasing an additional 3,957 shares during the last quarter. 78.70% of the stock is owned by institutional investors.
BRC has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of Brady from a “sell” rating to a “hold” rating in a research note on Tuesday, April 26th. Wells Fargo & Company lowered shares of Brady from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $60.00 to $52.00 in a research note on Friday, February 18th. Finally, StockNews.com upgraded shares of Brady from a “hold” rating to a “buy” rating in a research note on Friday, March 25th.
About Brady (Get Rating)
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, floor-marking tapes, pipe markers, labeling systems, spill control products, and lockout/tagout devices for facility identification and protection; materials, printing systems, RFID and bar code scanners 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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