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

Brady (NYSE:BRC) issued its earnings results on Monday. The industrial products company reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.02, Briefing.com reports. Brady had a return on equity of 19.84% and a net margin of 14.70%. The firm had revenue of $377.10 million for the quarter, compared to analyst estimates of $365.88 million. During the same period last year, the company earned $1.00 earnings per share. The firm’s revenue for the quarter was up 13.6% on a year-over-year basis. Brady updated its FY25 guidance to $4.40-$4.70 EPS and its FY 2025 guidance to 4.400-4.700 EPS.

Brady Price Performance

Shares of BRC opened at $69.65 on Wednesday. Brady has a one year low of $52.99 and a one year high of $77.68. The stock’s fifty day moving average is $74.25 and its 200-day moving average is $70.12. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.69 and a current ratio of 2.27. The firm has a market capitalization of $3.31 billion, a price-to-earnings ratio of 17.11, a price-to-earnings-growth ratio of 3.43 and a beta of 0.76.

Brady Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date of this dividend was Thursday, October 10th. This is a positive change from Brady’s previous quarterly dividend of $0.24. Brady’s payout ratio is 23.59%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Brady from a “strong-buy” rating to a “buy” rating in a research report on Friday, October 11th.

Insider Buying and Selling

In related news, CEO Russell Shaller sold 21,128 shares of the firm’s stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $75.30, for a total transaction of $1,590,938.40. Following the transaction, the chief executive officer now owns 102,150 shares in the company, valued at $7,691,895. This trade represents a 17.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Thomas F. Debruine sold 2,851 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $75.77, for a total value of $216,020.27. Following the sale, the chief operating officer now directly owns 9,727 shares in the company, valued at approximately $737,014.79. The trade was a 22.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 45,262 shares of company stock valued at $3,371,231 over the last 90 days. 15.60% of the stock is currently owned by company insiders.

Brady Company Profile

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.