Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Brady (BRC) Stock Price
Media coverage about Brady (NYSE:BRC) has been trending somewhat positive on Wednesday, according to Accern Sentiment Analysis. The research firm scores the sentiment of media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Brady earned a daily sentiment score of 0.08 on Accern’s scale. Accern also gave headlines about the industrial products company an impact score of 46.2909522058613 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Brady (NYSE BRC) opened at $39.60 on Wednesday. Brady has a 12-month low of $31.70 and a 12-month high of $40.50. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.62 and a current ratio of 2.19. The company has a market cap of $2,040.00, a price-to-earnings ratio of 21.06, a price-to-earnings-growth ratio of 2.62 and a beta of 1.18.
Brady (NYSE:BRC) last released its quarterly earnings data on Thursday, November 16th. The industrial products company reported $0.49 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.01. Brady had a net margin of 8.81% and a return on equity of 13.90%. The business had revenue of $290.15 million during the quarter, compared to analyst estimates of $286.75 million. During the same quarter last year, the business earned $0.44 earnings per share. Brady’s quarterly revenue was up 3.6% compared to the same quarter last year. equities research analysts forecast that Brady will post 1.93 EPS for the current fiscal year.
Several research firms recently weighed in on BRC. Bank of America raised shares of Brady from an “underperform” rating to a “buy” rating and set a $42.00 target price for the company in a research note on Tuesday. Zacks Investment Research cut shares of Brady from a “buy” rating to a “hold” rating in a research note on Tuesday, September 12th. SunTrust Banks reiterated a “hold” rating and set a $38.00 price objective on shares of Brady in a research report on Friday, October 27th. Finally, Robert W. Baird reiterated a “hold” rating and set a $36.00 price objective on shares of Brady in a research report on Friday, October 13th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. Brady presently has an average rating of “Hold” and a consensus price target of $41.00.
In other news, Director Bradley C. Richardson sold 1,400 shares of the firm’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $39.15, for a total value of $54,810.00. Following the completion of the sale, the director now owns 2,511 shares in the company, valued at approximately $98,305.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Thomas J. Felmer sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $39.00, for a total transaction of $390,000.00. Following the completion of the sale, the vice president now owns 78,474 shares of the company’s stock, valued at approximately $3,060,486. The disclosure for this sale can be found here. Insiders have sold 18,029 shares of company stock valued at $706,748 in the last quarter. 15.60% of the stock is owned by company insiders.
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Brady 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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