Brady (NYSE:BRC) released its earnings results on Wednesday. The industrial products company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.52 by $0.01, Briefing.com reports. The business had revenue of $251.70 million during the quarter, compared to analyst estimates of $249.47 million. Brady had a net margin of 10.78% and a return on equity of 15.36%. The business’s quarterly revenue was down 14.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.68 earnings per share.
NYSE BRC traded down $2.77 during trading on Wednesday, reaching $43.34. 544,897 shares of the company’s stock were exchanged, compared to its average volume of 230,563. Brady has a fifty-two week low of $33.00 and a fifty-two week high of $59.11. The company’s fifty day simple moving average is $47.51 and its 200-day simple moving average is $46.15. The firm has a market capitalization of $2.25 billion, a PE ratio of 19.18, a P/E/G ratio of 2.52 and a beta of 0.72.
In other news, Director Elizabeth P. Bruno sold 50,000 shares of the company’s stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $45.30, for a total value of $2,265,000.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 15.60% 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 IDS segment offers safety signs, pipe markers, labeling systems, spill control products, and lockout/tagout devices for facility identification and protection; materials and printing systems for product identification, brand protection labeling, work in process labeling, and finished product identification; and hand-held printers, wire markers, sleeves, and tags for wire identification, as well as software and services for safety compliance auditing, procedure writing, and training.
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