Brady (NYSE:BRC) Updates FY 2025 Earnings Guidance

Brady (NYSE:BRC - Get Free Report) updated its FY 2025 earnings guidance on Friday. The company provided EPS guidance of 4.480-4.630 for the period, compared to the consensus EPS estimate of 4.580. The company issued revenue guidance of -.

Analyst Ratings Changes

Separately, Sidoti raised shares of Brady to a "strong-buy" rating in a report on Monday.

Brady Price Performance

BRC traded down $1.35 on Wednesday, hitting $70.12. 76,897 shares of the company were exchanged, compared to its average volume of 247,337. Brady has a fifty-two week low of $59.84 and a fifty-two week high of $77.68. The firm has a market capitalization of $3.35 billion, a P/E ratio of 17.22 and a beta of 0.86. The business's fifty day moving average is $70.12 and its 200 day moving average is $72.49. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.25 and a current ratio of 1.84.

Brady (NYSE:BRC - Get Free Report) last issued its quarterly earnings data on Friday, May 16th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.22. The business had revenue of $382.59 million for the quarter, compared to the consensus estimate of $386.61 million. Brady had a return on equity of 19.79% and a net margin of 14.19%. The business's revenue was up 11.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.09 earnings per share. As a group, sell-side analysts anticipate that Brady will post 4.55 EPS for the current year.

Brady Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 10th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend is Thursday, July 10th. Brady's dividend payout ratio is currently 23.76%.

Hedge Funds Weigh In On Brady

Several hedge funds and other institutional investors have recently made changes to their positions in the business. NewEdge Advisors LLC boosted its position in shares of Brady by 282.3% during the 1st quarter. NewEdge Advisors LLC now owns 1,644 shares of the industrial products company's stock valued at $116,000 after purchasing an additional 1,214 shares in the last quarter. Royal Bank of Canada raised its position in shares of Brady by 380.3% during the first quarter. Royal Bank of Canada now owns 6,451 shares of the industrial products company's stock worth $456,000 after purchasing an additional 5,108 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Brady by 7.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 126,953 shares of the industrial products company's stock valued at $8,968,000 after purchasing an additional 8,716 shares during the last quarter. Finally, Millennium Management LLC increased its stake in Brady by 1,256.9% in the 1st quarter. Millennium Management LLC now owns 185,182 shares of the industrial products company's stock worth $13,081,000 after purchasing an additional 171,535 shares in the last quarter. 76.28% of the stock is currently owned by institutional investors and hedge funds.

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.