Brady (NYSE:BRC) Releases Quarterly Earnings Results, Hits Expectations

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

Brady Price Performance

NYSE:BRC traded down $4.43 during mid-day trading on Friday, hitting $71.81. 361,397 shares of the stock traded hands, compared to its average volume of 247,581. The business’s 50-day moving average price is $70.03 and its 200 day moving average price is $72.49. The company has a market cap of $3.43 billion, a PE ratio of 17.64 and a beta of 0.86. Brady has a 12-month low of $59.84 and a 12-month high of $77.68. The company has a quick ratio of 1.25, a current ratio of 1.84 and a debt-to-equity ratio of 0.11.

Brady Announces Dividend

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

Hedge Funds Weigh In On Brady

Several hedge funds have recently bought and sold shares of the company. NewEdge Advisors LLC grew its stake in Brady by 282.3% in the 1st quarter. NewEdge Advisors LLC now owns 1,644 shares of the industrial products company’s stock worth $116,000 after buying an additional 1,214 shares in the last quarter. Royal Bank of Canada grew its stake in Brady by 380.3% in the 1st quarter. Royal Bank of Canada now owns 6,451 shares of the industrial products company’s stock worth $456,000 after buying an additional 5,108 shares in the last quarter. Finally, Millennium Management LLC grew its stake in Brady by 1,256.9% in the 1st quarter. Millennium Management LLC now owns 185,182 shares of the industrial products company’s stock worth $13,081,000 after buying an additional 171,535 shares in the last quarter. Hedge funds and other 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.