Analysts forecast that Brady Corp (NYSE:BRC) will report sales of $295.85 million for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Brady’s earnings. The highest sales estimate is $296.90 million and the lowest is $294.80 million. Brady reported sales of $298.42 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 0.9%. The business is scheduled to report its next earnings report before the market opens on Thursday, May 23rd.

On average, analysts expect that Brady will report full-year sales of $1.18 billion for the current year. For the next financial year, analysts anticipate that the firm will report sales of $1.22 billion, with estimates ranging from $1.22 billion to $1.23 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that that provide coverage for Brady.

Brady (NYSE:BRC) last issued its quarterly earnings results on Thursday, February 21st. The industrial products company reported $0.55 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.03. The company had revenue of $282.40 million for the quarter, compared to analysts’ expectations of $285.50 million. Brady had a return on equity of 15.17% and a net margin of 10.31%. The firm’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.48 earnings per share.

Several brokerages recently weighed in on BRC. ValuEngine cut Brady from a “buy” rating to a “hold” rating in a research note on Wednesday. Zacks Investment Research cut Brady from a “buy” rating to a “hold” rating in a research note on Monday, April 29th. Finally, Northcoast Research reaffirmed a “buy” rating on shares of Brady in a research note on Wednesday, February 13th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $46.00.

In other Brady news, CEO J Michael Nauman sold 20,488 shares of the business’s stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $48.14, for a total value of $986,292.32. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Louis T. Bolognini sold 11,131 shares of the business’s stock in a transaction on Monday, February 25th. The stock was sold at an average price of $47.32, for a total value of $526,718.92. Following the completion of the sale, the senior vice president now directly owns 37,971 shares in the company, valued at $1,796,787.72. The disclosure for this sale can be found here. Insiders sold 99,779 shares of company stock worth $4,753,943 over the last three months. Corporate insiders own 15.60% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. boosted its holdings in Brady by 1.4% in the first quarter. BlackRock Inc. now owns 7,172,224 shares of the industrial products company’s stock worth $332,862,000 after acquiring an additional 97,954 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Brady by 0.4% in the third quarter. Vanguard Group Inc. now owns 5,152,722 shares of the industrial products company’s stock worth $225,431,000 after acquiring an additional 22,978 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Brady by 0.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,824,565 shares of the industrial products company’s stock worth $79,294,000 after acquiring an additional 6,243 shares in the last quarter. Vaughan Nelson Investment Management L.P. boosted its holdings in Brady by 10.6% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 1,373,925 shares of the industrial products company’s stock worth $63,765,000 after acquiring an additional 131,300 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in Brady by 24.6% in the first quarter. Goldman Sachs Group Inc. now owns 1,265,138 shares of the industrial products company’s stock worth $58,715,000 after acquiring an additional 249,826 shares in the last quarter. 78.99% of the stock is currently owned by institutional investors and hedge funds.

Shares of BRC stock opened at $46.44 on Friday. The firm has a market capitalization of $2.48 billion, a P/E ratio of 22.76, a PEG ratio of 2.71 and a beta of 0.98. Brady has a twelve month low of $36.00 and a twelve month high of $50.12. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.34 and a current ratio of 3.06.

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 9th were issued a $0.2125 dividend. This represents a $0.85 annualized dividend and a yield of 1.83%. The ex-dividend date was Monday, April 8th. Brady’s dividend payout ratio (DPR) is 41.67%.

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 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.

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Earnings History and Estimates for Brady (NYSE:BRC)

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