Alert: New Earnings Report (11/16/23)-Brady Corp (NYSE: BRC).


Brady Corp (NYSE: BRC) has reported earnings for its first fiscal quarter (ending October 31) of $0.97 versus $0.79 for the same period a year ago — an increase of 23%. This performance was $0.02 better than the consensus estimate of $0.95. For the latest four quarters through October 31, E.P.S. were $3.71 compared to $3.04 a year ago — an increase of 22%.


Recent Price Action

Brady Corp (NYSE: BRC) stock closed at $53.42 on 11/16/23 after a decline of -1.6%. The stock is unchanged during the last week but has been strong relative to the market over the last nine months.

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 (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Brady has a poor Appreciation Score of 19 but a good Power Rating of 72, resulting in the Low Neutral Value Trend Rating.

Rating Review

In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.

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