Brady (NYSE:BRC) Posts Earnings Results, Hits Estimates

Brady (NYSE:BRC) released its quarterly earnings results on Friday. The industrial products company reported $1.22 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.22, RTT News reports. The company had revenue of $382.59 million for the quarter, compared to analyst estimates of $386.61 million. Brady had a net margin of 14.19% and a return on equity of 19.79%. The firm’s revenue was up 11.4% on a year-over-year basis. During the same period last year, the firm earned $1.09 earnings per share. Brady updated its FY 2025 guidance to 4.480-4.630 EPS.

Brady Stock Performance

BRC stock traded down $4.43 during mid-day trading on Friday, hitting $71.81. The company had a trading volume of 361,397 shares, compared to its average volume of 247,581. The firm has a market cap of $3.43 billion, a PE ratio of 17.64 and a beta of 0.86. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.25 and a current ratio of 1.84. Brady has a 12 month low of $59.84 and a 12 month high of $77.68. The stock’s fifty day moving average price is $70.03 and its two-hundred day moving average price is $72.49.

Brady Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 10th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.34%. The ex-dividend date is Thursday, July 10th. Brady’s dividend payout ratio is 24.00%.

Institutional Trading of Brady

Several hedge funds have recently added to or reduced their stakes in the stock. Millennium Management LLC raised its position in Brady by 1,256.9% in the first quarter. Millennium Management LLC now owns 185,182 shares of the industrial products company’s stock worth $13,081,000 after acquiring an additional 171,535 shares during the period. Royal Bank of Canada raised its position in Brady by 380.3% in the first quarter. Royal Bank of Canada now owns 6,451 shares of the industrial products company’s stock worth $456,000 after acquiring an additional 5,108 shares during the period. Finally, NewEdge Advisors LLC raised its position in shares of Brady by 282.3% in the first quarter. NewEdge Advisors LLC now owns 1,644 shares of the industrial products company’s stock valued at $116,000 after purchasing an additional 1,214 shares during the period. Institutional investors own 76.28% of the company’s stock.

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.