Brady Corp (NYSE: BRC) has reported earnings for its fourth fiscal quarter (ending July 31) of $1.17 versus $1.01 for the same period a year ago — an increase of 16%. This result exceeded the consensus estimate of $1.11 by $0.06. For the latest four quarters through July 31, E.P.S. were $4.10 versus $3.53 for the same period a year ago — an increase of 16%.
Recent Price Action
Brady Corp (NYSE: BRC) stock closed at $72.19 on 9/6/24 after a modest gain of 0.5%. Moreover, trading volume in this advance was exceptionally high at 453% of normal. Relative to the market the stock has been strong over the last nine months but has declined -2.4% during the last week.
Current PriceTarget Research Rating
BRC is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Brady has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Brady has a poor Appreciation Score of 18 but a good Power Rating of 81, with the Neutral Value Trend Rating the result.
Rating Review
In light of this encouraging new earnings information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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