Is it time to Buy before this week’s earning report Brady (NYSE:BRC)


Earnings results for Brady (NYSE:BRC)

Brady Corporation is estimated to report earnings on 09/04/2020. The upcoming earnings date is derived from an algorithm based on a company’s historical reporting dates. Our vendor, Zacks Investment Research, might revise this date in the future, once the company announces the actual earnings date. According to Zacks Investment Research, based on 2 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.55. The reported EPS for the same quarter last year was $0.68.

Analyst Opinion on Brady (NYSE:BRC)

4 Wall Street analysts have issued ratings and price targets for Brady in the last 12 months. Their average twelve-month price target is $50.25, predicting that the stock has a possible upside of 6.12%. The high price target for BRC is $59.00 and the low price target for BRC is $40.00. There are currently 2 sell ratings and 2 buy ratings for the stock, resulting in a consensus rating of “Hold.”

Brady has received a consensus rating of Hold. The company’s average rating score is 2.00, and is based on 2 buy ratings, no hold ratings, and 2 sell ratings. According to analysts’ consensus price target of $50.25, Brady has a forecasted upside of 6.1% from its current price of $47.35. Brady has only been the subject of 1 research reports in the past 90 days.

Dividend Strength: Brady (NYSE:BRC)

Brady pays a meaningful dividend of 1.81%, higher than the bottom 25% of all stocks that pay dividends. Brady has been increasing its dividend for 24 years. The dividend payout ratio of Brady is 35.37%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Brady will have a dividend payout ratio of 33.46% next year. This indicates that Brady will be able to sustain or increase its dividend.

Insiders buying/selling: Brady (NYSE:BRC)

In the past three months, Brady insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $2,265,000.00 in company stock. Only 15.60% of the stock of Brady is held by insiders. 77.23% of the stock of Brady is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Brady (NYSE:BRC

Earnings for Brady are expected to grow by 8.79% in the coming year, from $2.39 to $2.60 per share. The P/E ratio of Brady is 20.95, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 18.70. The P/E ratio of Brady is 20.95, which means that it is trading at a more expensive P/E ratio than the Industrial Products sector average P/E ratio of about 20.52. Brady has a PEG Ratio of 2.59. PEG Ratios above 1 indicate that a company could be overvalued. Brady has a P/B Ratio of 2.95. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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