Brother Industries (OTCMKTS:BRTHY) Upgraded by Zacks Research to "Hold" Rating

Key Points

• Brother Industries has been upgraded from a "strong sell" to a "hold" rating by Zacks Research, indicating a more favorable outlook from analysts.
• The company reported earnings of $0.64 per share last quarter, missing expectations by $0.21 amid total revenues of $1.45 billion.
• Brother Industries has a market cap of $4.35 billion, with stock prices fluctuating between a twelve month low of $28.75 and a high of $42.95.

Zacks Research upgraded shares of Brother Industries (OTCMKTS:BRTHY - Free Report) from a strong sell rating to a hold rating in a report released on Monday morning,Zacks.com reports.

Brother Industries Stock Performance

BRTHY stock traded up $0.50 during mid-day trading on Monday, hitting $35.00. The company had a trading volume of 100 shares, compared to its average volume of 21. The stock's fifty day moving average price is $34.00 and its two-hundred day moving average price is $34.51. Brother Industries has a 12 month low of $28.75 and a 12 month high of $42.95. The firm has a market cap of $4.47 billion, a PE ratio of 13.41 and a beta of 0.27.

Brother Industries (OTCMKTS:BRTHY - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($0.21). Brother Industries had a net margin of 5.71% and a return on equity of 7.24%. The business had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $212.05 billion. Equities analysts anticipate that Brother Industries will post 2.8 earnings per share for the current year.

About Brother Industries

Brother Industries, Ltd. manufactures and sells communications and printing equipment in Japan, the Americas, Europe, Asia, Oceania, the Middle East, Africa, and internationally. It operates through Printing & Solutions, Machinery, Domino, Nissei, Personal & Home, and Network & Contents segments.