Brady (NYSE:BRC) Releases FY25 Earnings Guidance

Brady (NYSE:BRC) updated its FY25 earnings guidance on Monday. The company provided EPS guidance of $4.40-$4.70 for the period, compared to the consensus EPS estimate of $4.59.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Brady from a “strong-buy” rating to a “buy” rating in a report on Friday, October 11th.

Brady Price Performance

Brady stock opened at $74.21 on Monday. The stock’s 50 day moving average is $74.36 and its 200 day moving average is $69.97. Brady has a one year low of $52.68 and a one year high of $77.68. The firm has a market cap of $3.53 billion, a P/E ratio of 18.23, a P/E/G ratio of 3.43 and a beta of 0.76. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.27 and a quick ratio of 1.69.

Brady (NYSE:BRC) last released its quarterly earnings results on Friday, September 6th. The industrial products company reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.08. Brady had a net margin of 14.70% and a return on equity of 19.84%. The firm had revenue of $343.40 million during the quarter, compared to analyst estimates of $351.74 million. During the same quarter last year, the business earned $1.04 EPS. The company’s revenue was down .7% compared to the same quarter last year. As a group, research analysts expect that Brady will post 4.55 EPS for the current year.

Brady Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th were given a dividend of $0.24 per share. The ex-dividend date was Thursday, October 10th. This represents a $0.96 dividend on an annualized basis and a yield of 1.29%. This is a boost from Brady’s previous quarterly dividend of $0.24. Brady’s dividend payout ratio is 23.59%.

Insider Transactions at Brady

In other news, General Counsel Andrew Gorman sold 8,736 shares of Brady stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $74.10, for a total value of $647,337.60. Following the completion of the sale, the general counsel now owns 10,140 shares in the company, valued at $751,374. The trade was a 46.28 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Thomas F. Debruine sold 2,851 shares of the business’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $75.77, for a total transaction of $216,020.27. Following the transaction, the chief operating officer now owns 9,727 shares in the company, valued at $737,014.79. The trade was a 22.67 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 45,262 shares of company stock valued at $3,371,231. Corporate insiders own 15.60% of the company’s stock.

About Brady

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 company offers materials, printing systems, RFID, and bar code scanners for product identification, brand protection labeling, work in process labeling, finished product identification, and industrial track and trace applications; safety signs, floor-marking tapes, pipe markers, labeling systems, spill control products, lockout/tagout device, and software and services for safety compliance auditing, procedure writing, and training; and hand-held printers, wire markers, sleeves, and tags for wire identification.