Brady (BRC, $54.77) tops Q2 expectations; boosts guidance
Brady Corp. posted second quarter earnings of $0.81 compared to $0.70 per share a year ago . On average, three analysts polled by Thomson Reuters expected earnings of $0.80 per share for the quarter. (Analysts' estimates typically exclude special items).
Sales increased +2.6 percent to $326.2 million, vs. analysts’ expectations of $313.68 million. Organic sales rose +6.3 percent. Foreign currency translation had adverse impact of -3.7 percent.
For the year ending July 31, 2023, the company raised the low end of its GAAP earnings per class A nonvoting common share outlook to the $3.23 to $3.43 per share from the prior forecast of $3.13 to $3.43 per share.
BRC's RSI Oscillator ascending out of oversold territory
The RSI Oscillator for BRC moved out of oversold territory on November 20, 2024. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 27 similar instances when the indicator left oversold territory. In of the 27 cases the stock moved higher. This puts the odds of a move higher at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on November 29, 2024. You may want to consider a long position or call options on BRC as a result. In of 87 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for BRC just turned positive on November 26, 2024. Looking at past instances where BRC's MACD turned positive, the stock continued to rise in of 46 cases over the following month. The odds of a continued upward trend are .
BRC moved above its 50-day moving average on December 09, 2024 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for BRC crossed bullishly above the 50-day moving average on December 05, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 17 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where BRC advanced for three days, in of 303 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 10 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where BRC declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
BRC broke above its upper Bollinger Band on November 08, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 79, placing this stock better than average.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.781) is normal, around the industry mean (27.465). P/E Ratio (15.644) is within average values for comparable stocks, (88.791). BRC's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (1.729). Dividend Yield (0.016) settles around the average of (0.038) among similar stocks. P/S Ratio (2.199) is also within normal values, averaging (11.833).
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. BRC’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
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a manufacturer of identification and labeling systems
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