Brady - BRC Stock Forecast, Price & News

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Brady in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" BRC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BRC, but not buy additional shares or sell existing shares.
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1 analysts have issued 1 year price targets for Brady's stock. Their BRC share price forecasts range from $52.00 to $52.00. On average, they anticipate the company's stock price to reach $52.00 in the next twelve months. This suggests a possible upside of 18.4% from the stock's current price.
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Brady's stock was trading at $53.90 on January 1st, 2022. Since then, BRC shares have decreased by 18.5% and is now trading at $43.92.
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Brady saw a increase in short interest in the month of August. As of August 15th, there was short interest totaling 1,230,000 shares, an increase of 7.9% from the July 31st total of 1,140,000 shares. Based on an average daily trading volume, of 208,300 shares, the short-interest ratio is currently 5.9 days. Approximately 2.7% of the company's shares are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 17th 2022.
View our BRC earnings forecast.

Brady Co. (NYSE:BRC) announced its quarterly earnings results on Thursday, September, 1st. The industrial products company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.02. The industrial products company earned $324 million during the quarter, compared to analysts' expectations of $331.11 million. Brady had a trailing twelve-month return on equity of 17.33% and a net margin of 11.52%. The firm's quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.70 earnings per share.

Brady declared a quarterly dividend on Wednesday, August 31st. Stockholders of record on Friday, October 7th will be paid a dividend of $0.23 per share on Friday, October 28th. This represents a $0.92 annualized dividend and a dividend yield of 2.09%. The ex-dividend date is Thursday, October 6th. This is a boost from the stock's previous quarterly dividend of $0.23.
Read our dividend analysis for BRC.

Brady (NYSE:BRC) pays an annual dividend of $0.90 per share and currently has a dividend yield of 2.09%. The company has been increasing its dividend for 37 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 30.93%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BRC will have a dividend payout ratio of 26.47% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BRC.

Brady issued an update on its FY 2023 earnings guidance on Thursday, September, 8th. The company provided EPS guidance of $3.30-$3.60 for the period, compared to the consensus EPS estimate of $3.58. The company issued revenue guidance of -.

179 employees have rated Brady Chief Executive Officer J. Michael Nauman on Glassdoor.com. J. Michael Nauman has an approval rating of 77% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Brady investors own include NVIDIA (NVDA), AbbVie (ABBV), AT&T (T), Exxon Mobil (XOM), Pfizer (PFE), 3M (MMM), Target (TGT), Verizon Communications (VZ), Waste Management (WM) and Costco Wholesale (COST).

Brady trades on the New York Stock Exchange (NYSE) under the ticker symbol "BRC."

Brady's stock is owned by a variety of retail and institutional investors. Top institutional investors include State Street Corp (9.88%), JPMorgan Chase & Co. (4.07%), Price T Rowe Associates Inc. MD (4.00%), Van Berkom & Associates Inc. (2.64%), Renaissance Technologies LLC (2.57%) and William Blair Investment Management LLC (1.54%). Insiders that own company stock include Bentley Curran, Bradley C Richardson, Elizabeth P Bruno, Frank W Harris, Helena Regina Nelligan, J Michael Nauman, Louis T Bolognini, Russell Shaller and Thomas J Felmer.
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Shares of BRC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of BRC stock can currently be purchased for approximately $43.92.

Brady (NYSE:BRC) has a market capitalization of $2.21 billion and generates $1.30 billion in revenue each year. The industrial products company earns $149.98 million in net income (profit) each year or $2.91 on an earnings per share basis.

The company employs 5,700 workers across the globe.

Brady was founded in 1914.

Brady's mailing address is 6555 West Good Hope Road, Milwaukee WI, 53223. The official website for the company is www.bradyid.com. The industrial products company can be reached via phone at (888) 250-3082, via email at ann_thornton@bradycorp.com, or via fax at 800-292-2289.