Brady Corp. (BRC) Updates FY17 Earnings Guidance

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Brady Corp. (NYSE:BRC) issued an update on its FY17 earnings guidance on Friday morning. The company provided EPS guidance of $1.55-1.70 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.65.
Brady Corp. (NYSE:BRC) opened at 32.97 on Friday. Brady Corp. has a one year low of $18.46 and a one year high of $33.98. The firm has a market cap of $1.66 billion, a PE ratio of 107.75 and a beta of 1.12. The stock has a 50 day moving average price of $32.71 and a 200 day moving average price of $29.68.
Brady Corp. (NYSE:BRC) last posted its earnings results on Friday, September 9th. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.37 by $0.12. During the same period last year, the company earned $0.28 EPS. The business earned $282.10 million during the quarter, compared to analysts’ expectations of $282.89 million. The business’s quarterly revenue was down 2.3% compared to the same quarter last year. Equities research analysts expect that Brady Corp. will post $1.45 EPS for the current year.

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The firm also recently announced a quarterly dividend, which will be paid on Monday, October 31st. Investors of record on Tuesday, October 11th will be issued a $0.205 dividend. This represents a $0.82 annualized dividend and a yield of 2.49%. This is a positive change from Brady Corp.’s previous quarterly dividend of $0.20. Brady Corp.’s dividend payout ratio is 253.13%.
Separately, Zacks Investment Research lowered Brady Corp. from a hold rating to a sell rating in a report on Monday, August 1st. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $43.60.
About Brady Corp.
Brady Corporation is a manufacturer and supplier of identification solutions and workplace safety products that identify and protect premises, products and people. The Company has two segments: Identification Solutions (IDS) and Workplace Safety (WPS). The IDS segment includes identification and healthcare products that are manufactured under various brands, including the Brady brand, and are primarily sold through distribution to a range of maintenance, repair and operations (MRO) and original equipment manufacturing (OEM) customers, and through other channels, including direct sales, catalog marketing and digital.

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