Brady Corp (BRC) was Upgraded by SunTrust to ” Neutral”. Earlier the firm had a rating of “Reduce ” on the company shares. SunTrust advised their investors in a research report released on Sep 13, 2016.
On the company’s financial health, Brady Corp reported $0.49 EPS for the quarter, beating the analyst consensus estimate by $ 0.11 according to the earnings call on Sep 9, 2016. Analyst had a consensus of $0.38. The company had revenue of $282.10 million for the quarter, compared to analysts expectations of $282.89 million. The company’s revenue was down -2.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.28 EPS.
Brady Corp opened for trading at $34.26 and hit $34.885 on the upside on Monday, eventually ending the session at $34.62, with a gain of 0.76% or 0.26 points. The heightened volatility saw the trading volume jump to 402,454 shares. Company has a market cap of $1,740 M.
In a different news, on Jun 10, 2016, Paul Meyer (VP, Tax & Treasury) sold 9,851 shares at $32.42 per share price. According to the SEC, on May 31, 2016, Frank W Harris (director) sold 3,000 shares at $31.86 per share price. On May 26, 2016, Bentley Curran (CIO & VP – Digital Business) sold 7,000 shares at $31.30 per share price, according to the Form-4 filing with the securities and exchange commission.
Brady Corporation is a manufacturer and supplier of identification solutions and workplace safety products that identify and protect premises products and people. The Company has two segments: Identification Solutions (IDS) and Workplace Safety (WPS). The IDS segment includes identification and healthcare products that are manufactured under various brands including the Brady brand and are primarily sold through distribution to a range of maintenance repair and operations (MRO) and original equipment manufacturing (OEM) customers and through other channels including direct sales catalog marketing and digital. Its WPS segment includes workplace safety and compliance products which are sold under various brand names through catalog and digital to a range of MRO customers. It offers products for process industries government education construction automotive aerospace defense electrical contractors and other industries.