Brady (NYSE:BRC) Announces Earnings Results, Beats Expectations By $0.08 EPS

Brady (NYSE:BRC) released its quarterly earnings data on Friday. The industrial products company reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.08, Briefing.com reports. The company had revenue of $343.40 million during the quarter, compared to the consensus estimate of $351.74 million. Brady had a net margin of 14.22% and a return on equity of 19.61%. Brady’s revenue for the quarter was down .7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.04 earnings per share. Brady updated its FY25 guidance to $4.40-$4.70 EPS and its FY 2025 guidance to 4.400-4.700 EPS.

Brady Stock Performance

Shares of BRC stock traded up $0.38 during trading hours on Friday, reaching $72.19. 1,007,916 shares of the company’s stock were exchanged, compared to its average volume of 283,851. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.06 and a quick ratio of 1.45. Brady has a 1 year low of $51.35 and a 1 year high of $76.82. The company has a market cap of $3.43 billion, a P/E ratio of 18.40, a price-to-earnings-growth ratio of 2.20 and a beta of 0.76. The company’s 50 day moving average is $70.06 and its two-hundred day moving average is $64.41.

Brady Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date is Thursday, October 10th. This is a positive change from Brady’s previous quarterly dividend of $0.24. Brady’s payout ratio is currently 23.98%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Brady from a “strong-buy” rating to a “buy” rating in a research report on Saturday.

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.