Global Brass and Copper Holdings Inc (BRSS) reported quarterly earnings results on Wednesday, May-4-2016. The company said it had a profit of $0.65 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.09. Analysts had a consensus of $0.56. The company posted revenue of $328.90 million in the period, compared to analysts expectations of $347.87 million. The company’s revenue was down -17.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.49 EPS.
Many Wall Street Analysts have commented on Global Brass and Copper Holdings Inc. Global Brass and Copper Holdings Inc was Upgraded by KeyBanc Capital Mkts to ” Overweight” on Apr 18, 2016.
Global Brass and Copper Holdings Inc opened for trading at $27.14 and hit $27.87 on the upside on Monday, eventually ending the session at $27.82, with a gain of 2.66% or 0.72 points. The heightened volatility saw the trading volume jump to 2,02,568 shares. Company has a market cap of $598 M.
In a different news, on May 28, 2015, Paul Schwind (Corporate Controller) sold 4,428 shares at $17.50 per share price.
Global Brass and Copper Holdings Inc. is a converter fabricator processor and distributor of specialized copper and brass products including a range of sheet strip foil rod tube and fabricated metal component products. The Company operates in three segments: Olin Brass Chase Brass and A.J. Oster. Olin Brass manufactures and converts specialized copper and brass sheet strip and fabricated products. Chase Brass primarily manufactures brass rod including round hexagonal and other shapes ranging from 1/4 inch to 4.5 inches in diameter. A.J. Oster is a processor and distributor of primarily copper and copper-alloy sheet strip and foil operating six strategically-located service centers in the United States Puerto Rico and Mexico. The Company is engaged in metal melting and casting rolling drawing extruding welding and stamping to fabricate finished and semi-finished alloy products from processed scrap copper cathode and other refined metals.