Brady (NYSE:BRC) Posts Quarterly Earnings Results, Meets Expectations

Brady (NYSE:BRC) announced its 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. The firm had revenue of $382.59 million for the quarter, compared to analysts’ expectations of $386.61 million. Brady had a net margin of 14.19% and a return on equity of 19.79%. The business’s revenue was up 11.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.09 EPS. Brady updated its FY 2025 guidance to 4.480-4.630 EPS.

Brady Trading Down 5.8%

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 stock has a market capitalization of $3.43 billion, a price-to-earnings ratio of 17.64 and a beta of 0.86. Brady has a 52 week low of $59.84 and a 52 week high of $77.68. The firm’s 50 day moving average is $70.03 and its two-hundred day moving average is $72.49. 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 Dividend Announcement

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

Hedge Funds Weigh In On Brady

Hedge funds have recently added to or reduced their stakes in the company. NewEdge Advisors LLC grew its holdings in Brady by 282.3% during the 1st 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 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 acquiring 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 acquiring an additional 171,535 shares in the last quarter. 76.28% of the stock is currently owned by institutional investors.

About Brady

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.