Brady (NYSE:BRC) Announces Quarterly Earnings Results

Brady (NYSE:BRC - Get Free Report) announced its quarterly earnings data on Monday. The industrial products company reported $1.12 earnings per share (EPS) 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 business had revenue of $377.10 million during the quarter, compared to analyst estimates of $365.88 million. During the same period last year, the company earned $1.00 earnings per share. Brady's quarterly revenue was up 13.6% compared to the same quarter last year. Brady updated its FY25 guidance to $4.40-$4.70 EPS and its FY 2025 guidance to 4.400-4.700 EPS.

Brady Stock Performance

Shares of Brady stock traded down $0.49 on Tuesday, reaching $69.65. The stock had a trading volume of 422,798 shares, compared to its average volume of 273,944. The stock has a market cap of $3.31 billion, a P/E ratio of 17.11, a price-to-earnings-growth ratio of 3.43 and a beta of 0.76. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.69 and a current ratio of 2.27. Brady has a fifty-two week low of $52.99 and a fifty-two week high of $77.68. The business's 50-day moving average price is $74.25 and its two-hundred day moving average price is $70.12.

Brady Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 10th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.38%. This is an increase from Brady's previous quarterly dividend of $0.24. The ex-dividend date was Thursday, October 10th. Brady's dividend payout ratio (DPR) is presently 23.59%.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Brady from a "strong-buy" rating to a "buy" rating in a report on Friday, October 11th.

Insider Activity

In other Brady news, CEO Russell Shaller sold 12,547 shares of the stock in a transaction on Friday, September 13th. The shares were sold at an average price of $73.08, for a total value of $916,934.76. Following the completion of the sale, the chief executive officer now directly owns 102,905 shares of the company's stock, valued at $7,520,297.40. This represents a 10.87 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Andrew Gorman sold 8,736 shares of the business's stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $74.10, for a total transaction of $647,337.60. Following the transaction, the general counsel now owns 10,140 shares in the company, valued at approximately $751,374. The trade was a 46.28 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 45,262 shares of company stock valued at $3,371,231. 15.60% of the stock is owned by insiders.

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.