Brady (BRC) stock: why it's flying high

NYSE:BRC   Brady Corporation
Brady Corporation ( BRC ) shares are trading at $45.15, up 9%. The company announced its quarterly earnings before the market open today, and the sales grew 2.9% to $297.5M. What's BRC stock price forecast? What should investors know about Brady Corp?

Brady Corp has been on the positive upward trend since August. It provides identification solutions and workplace safety products such as employee id cards, hospital ID bracelets, asset tracking labels, first aid products, and signage products, among others.

In Q4, the company reported EPS of $0.66, which is a beat by $0.14 (the median analyst estimate was $0.49). Revenue was $297.5M (+2.9% Y/Y), which is $0.46M higher than what the analysts had predicted. The company’s gross margin has been 50.6%, a fairly consistent figure over time...


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