Brady (BRC) Set to Announce Quarterly Earnings on Wednesday

Brady (NYSE:BRC - Get Free Report) will be issuing its quarterly earnings data before the market opens on Wednesday, May 22nd. Analysts expect the company to announce earnings of $1.02 per share for the quarter. Brady has set its FY 2024 guidance at 3.950-4.100 EPS and its FY24 guidance at $3.95-4.10 EPS.Parties that wish to listen to the company's conference call can do so using this link.

Brady (NYSE:BRC - Get Free Report) last announced its earnings results on Thursday, February 22nd. The industrial products company reported $0.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.92 by $0.01. Brady had a net margin of 14.08% and a return on equity of 19.24%. The firm had revenue of $322.60 million for the quarter, compared to analyst estimates of $339.61 million. During the same quarter in the prior year, the business posted $0.81 EPS. The business's revenue was down 1.1% compared to the same quarter last year. On average, analysts expect Brady to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Brady Price Performance

Shares of NYSE BRC traded up $0.25 during midday trading on Wednesday, reaching $61.11. The company's stock had a trading volume of 130,330 shares, compared to its average volume of 327,004. The company has a market cap of $2.95 billion, a P/E ratio of 15.88, a P/E/G ratio of 2.16 and a beta of 0.76. Brady has a fifty-two week low of $46.77 and a fifty-two week high of $63.02. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.44 and a current ratio of 2.13. The business's 50 day moving average price is $59.08 and its two-hundred day moving average price is $58.37.

Brady Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 9th were given a dividend of $0.235 per share. The ex-dividend date was Monday, April 8th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 1.54%. Brady's payout ratio is 24.54%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Brady from a "strong-buy" rating to a "buy" rating in a research note on Monday, February 26th.

Insider Buying and Selling at Brady

In other news, Director Elizabeth P. Bruno sold 8,322 shares of Brady stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $57.33, for a total value of $477,100.26. Following the transaction, the director now owns 333,593 shares in the company, valued at approximately $19,124,886.69. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Elizabeth P. Bruno sold 19,030 shares of the company's stock in a transaction on Monday, March 18th. The shares were sold at an average price of $58.41, for a total transaction of $1,111,542.30. Following the completion of the transaction, the director now directly owns 342,115 shares in the company, valued at $19,982,937.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Elizabeth P. Bruno sold 8,322 shares of the firm's stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $57.33, for a total value of $477,100.26. Following the sale, the director now directly owns 333,593 shares in the company, valued at approximately $19,124,886.69. The disclosure for this sale can be found here. Insiders sold a total of 39,017 shares of company stock worth $2,283,667 over the last three months. Corporate insiders own 15.60% of the company's stock.

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.