Brady (NYSE:BRC) issued an update on its FY19 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $2.15-2.25 for the period, compared to the Thomson Reuters consensus estimate of $2.15.

Shares of BRC stock opened at $41.55 on Thursday. The company has a current ratio of 2.34, a quick ratio of 1.71 and a debt-to-equity ratio of 0.08. The firm has a market cap of $2.14 billion, a PE ratio of 23.74, a price-to-earnings-growth ratio of 2.55 and a beta of 1.13. Brady has a 52 week low of $35.00 and a 52 week high of $42.10.

Brady (NYSE:BRC) last announced its earnings results on Thursday, September 13th. The industrial products company reported $0.66 EPS for the quarter, topping the consensus estimate of $0.52 by $0.14. Brady had a return on equity of 14.23% and a net margin of 6.98%. The company had revenue of $297.50 million for the quarter, compared to analysts’ expectations of $297.04 million. During the same quarter in the prior year, the business earned $0.48 earnings per share. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. equities analysts predict that Brady will post 1.99 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 31st. Stockholders of record on Wednesday, October 10th will be paid a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a dividend yield of 8.18%. This is a positive change from Brady’s previous quarterly dividend of $0.21. Brady’s dividend payout ratio is 47.43%.

Several equities analysts have weighed in on the company. Bank of America lowered Brady from a buy rating to an underperform rating and set a $40.00 target price on the stock. in a research note on Monday, July 16th. Zacks Investment Research lowered Brady from a buy rating to a hold rating in a research note on Friday, May 18th. Finally, ValuEngine raised Brady from a hold rating to a buy rating in a research note on Thursday, September 6th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. Brady presently has a consensus rating of Hold and an average target price of $39.75.

In related news, VP Thomas J. Felmer sold 11,667 shares of the stock in a transaction dated Monday, June 18th. The stock was sold at an average price of $40.50, for a total transaction of $472,513.50. Following the completion of the transaction, the vice president now directly owns 69,633 shares in the company, valued at $2,820,136.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Bentley Curran sold 13,790 shares of the stock in a transaction dated Tuesday, June 26th. The stock was sold at an average price of $39.61, for a total value of $546,221.90. Following the transaction, the vice president now owns 41,189 shares of the company’s stock, valued at $1,631,496.29. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 40,124 shares of company stock worth $1,623,989. 15.60% of the stock is currently owned by 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 IDS segment offers safety signs, pipe markers, labeling systems, spill control products, and lockout/tagout devices for facility identification and protection; materials and printing systems for product identification, brand protection labeling, work in process labeling, and finished product identification; and hand-held printers, wire markers, sleeves, and tags for wire identification, as well as software and services for safety compliance auditing, procedure writing, and training.

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Earnings History and Estimates for Brady (NYSE:BRC)

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