Brady (NYSE:BRC) Posts Earnings Results, Beats Estimates By $0.02 EPS

Key Points

• Brady (NYSE:BRC) reported earnings of $1.26 EPS, exceeding analysts' expectations by $0.02, with a revenue of $397.28 million for the quarter, which is 15.7% higher year-over-year.
• The company announced a quarterly dividend of $0.245 per share, representing a slight increase from the previous quarter and signaling a 1.2% yield for shareholders.
• Brady's stock experienced a 2.9% increase in trading, reaching $79.99, as several brokerages have issued upgrades, reflecting a Strong Buy sentiment among analysts.

Brady (NYSE:BRC - Get Free Report) announced its earnings results on Thursday. The industrial products company reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.02, Zacks reports. Brady had a return on equity of 19.29% and a net margin of 12.50%.The firm had revenue of $397.28 million during the quarter, compared to analyst estimates of $384.67 million. During the same quarter in the prior year, the company earned $1.19 EPS. The business's revenue was up 15.7% compared to the same quarter last year. Brady updated its FY 2026 guidance to 4.850-5.150 EPS.

Brady Stock Performance

Shares of BRC stock traded down $1.14 on Tuesday, reaching $79.26. The stock had a trading volume of 59,689 shares, compared to its average volume of 221,554. The stock has a market cap of $3.75 billion, a P/E ratio of 20.17 and a beta of 0.83. Brady has a 1 year low of $62.70 and a 1 year high of $84.03. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.27 and a current ratio of 1.88. The company has a 50 day simple moving average of $72.32 and a 200 day simple moving average of $70.75.

Brady Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 10th will be paid a $0.245 dividend. This is an increase from Brady's previous quarterly dividend of $0.24. The ex-dividend date is Friday, October 10th. This represents a $0.98 dividend on an annualized basis and a dividend yield of 1.2%. Brady's dividend payout ratio (DPR) is 24.43%.

Hedge Funds Weigh In On Brady

A number of institutional investors have recently bought and sold shares of the stock. Osaic Holdings Inc. raised its holdings in Brady by 1,232.1% during the second quarter. Osaic Holdings Inc. now owns 5,928 shares of the industrial products company's stock valued at $418,000 after acquiring an additional 5,483 shares during the period. Public Sector Pension Investment Board raised its stake in shares of Brady by 6.5% during the second quarter. Public Sector Pension Investment Board now owns 149,256 shares of the industrial products company's stock valued at $10,145,000 after acquiring an additional 9,052 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Brady by 156.1% during the second quarter. Tower Research Capital LLC TRC now owns 1,014 shares of the industrial products company's stock valued at $69,000 after acquiring an additional 618 shares in the last quarter. Lazard Asset Management LLC raised its stake in Brady by 3.4% in the second quarter. Lazard Asset Management LLC now owns 117,231 shares of the industrial products company's stock worth $7,967,000 after buying an additional 3,870 shares in the last quarter. Finally, HRT Financial LP raised its stake in Brady by 161.1% in the second quarter. HRT Financial LP now owns 26,247 shares of the industrial products company's stock worth $1,784,000 after buying an additional 16,193 shares in the last quarter. 76.28% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Sidoti raised Brady to a "strong-buy" rating in a research report on Monday, May 19th. Wall Street Zen upgraded Brady from a "hold" rating to a "buy" rating in a research note on Friday, August 22nd. One equities research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of "Strong Buy".

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.