Somewhat Positive News Coverage Somewhat Unlikely to Impact Global Brass and Copper Holdings (BRSS) Stock Price
Headlines about Global Brass and Copper Holdings (NYSE:BRSS) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research group rates the sentiment of media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Global Brass and Copper Holdings earned a coverage optimism score of 0.16 on Accern’s scale. Accern also assigned media stories about the industrial products company an impact score of 46.9251703617577 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Separately, BidaskClub raised shares of Global Brass and Copper Holdings from a “strong sell” rating to a “sell” rating in a report on Thursday.
Global Brass and Copper Holdings (NYSE BRSS) opened at 33.80 on Friday. The stock’s 50 day moving average is $29.63 and its 200 day moving average is $31.91. Global Brass and Copper Holdings has a 52-week low of $22.75 and a 52-week high of $39.85. The company has a market cap of $740.36 million, a price-to-earnings ratio of 16.56 and a beta of 0.46.
Global Brass and Copper Holdings (NYSE:BRSS) last issued its quarterly earnings data on Wednesday, August 2nd. The industrial products company reported $0.82 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.03. Global Brass and Copper Holdings had a return on equity of 55.01% and a net margin of 3.10%. The company had revenue of $377.40 million during the quarter, compared to analysts’ expectations of $398.45 million. During the same period last year, the business earned $0.43 earnings per share. The business’s revenue was up 11.7% on a year-over-year basis. On average, analysts predict that Global Brass and Copper Holdings will post $2.66 earnings per share for the current fiscal year.
In related news, Director Martin E. Welch sold 3,708 shares of Global Brass and Copper Holdings stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $29.08, for a total value of $107,828.64. Following the completion of the sale, the director now directly owns 21,686 shares in the company, valued at $630,628.88. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 3.20% of the stock is owned by company insiders.
ILLEGAL ACTIVITY NOTICE: This report was originally reported by Watch List News and is owned by of Watch List News. If you are reading this report on another website, it was stolen and reposted in violation of U.S. & international copyright and trademark legislation. The correct version of this report can be accessed at https://www.watchlistnews.com/somewhat-positive-news-coverage-somewhat-unlikely-to-impact-global-brass-and-copper-holdings-brss-stock-price/1598525.html.
Global Brass and Copper Holdings Company Profile
Global Brass and Copper Holdings, Inc is a converter, fabricator, processor and distributor of specialized non-ferrous products, including a range of sheet, strip, foil, rod, tube and fabricated metal component products. The Company operates through three segments: Olin Brass, Chase Brass and A.J. Oster.
Receive News & Ratings for Global Brass and Copper Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Global Brass and Copper Holdings Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.