Brady (NYSE:BRC) Updates FY25 Earnings Guidance

Brady (NYSE:BRC) issued an update on its FY25 earnings guidance on Monday morning. The company provided earnings per share guidance of $4.40-$4.70 for the period, compared to the consensus earnings per share estimate of $4.59.

Wall Street Analysts Forecast Growth

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

Brady Price Performance

BRC stock opened at $74.21 on Monday. The company’s 50-day moving average price is $74.36 and its two-hundred day moving average price is $69.97. Brady has a 12 month low of $52.68 and a 12 month high of $77.68. The company has a quick ratio of 1.69, a current ratio of 2.27 and a debt-to-equity ratio of 0.09. The firm has a market cap of $3.53 billion, a P/E ratio of 18.23, a P/E/G ratio of 3.43 and a beta of 0.76.

Brady (NYSE:BRC) last announced its quarterly earnings data on Friday, September 6th. The industrial products company reported $1.19 EPS for the quarter, beating the consensus estimate of $1.11 by $0.08. The business had revenue of $343.40 million during the quarter, compared to the consensus estimate of $351.74 million. Brady had a net margin of 14.70% and a return on equity of 19.84%. The company’s revenue was down .7% on a year-over-year basis. During the same period in the previous year, the business earned $1.04 earnings per share. On average, analysts anticipate that Brady will post 4.55 earnings per share for the current fiscal year.

Brady Increases Dividend

The firm 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. The ex-dividend date was Thursday, October 10th. This is a positive change from Brady’s previous quarterly dividend of $0.24. This represents a $0.96 annualized dividend and a yield of 1.29%. Brady’s dividend payout ratio (DPR) is 23.59%.

Insiders Place Their Bets

In related news, General Counsel Andrew Gorman sold 8,736 shares of the firm’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $74.10, for a total transaction of $647,337.60. Following the sale, the general counsel now owns 10,140 shares of the company’s stock, valued at $751,374. This trade represents a 46.28 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Russell Shaller sold 12,547 shares of the business’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $73.08, for a total value of $916,934.76. Following the sale, the chief executive officer now owns 102,905 shares in the company, valued at $7,520,297.40. This represents a 10.87 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 45,262 shares of company stock valued at $3,371,231. 15.60% of the stock is currently owned by corporate 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.