Why Brady (BRC) Stock Is Tanking Today

NEW YORK (TheStreet) -- Shares of Brady Corp  (BRC) are tanking 7.91% to $24.93 in late afternoon trading following the company's lower than expected fourth quarter earnings, reported earlier today.

The Wisconsin-based manufacturer of identification solutions and specialty materials reported fourth quarter earnings of 41 cents per share, missing the analysts' estimate of 49 cents per share.

Revenue for the quarter was up 2% percent to $316.73 million from $310.59 million in the same quarter of last year, but lower than the analysts' consensus estimate of $318.53 million.

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Separately, TheStreet Ratings team rates BRADY CORP as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:

"We rate BRADY CORP (BRC) a HOLD. The primary factors that have impacted our rating are mixed, some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, weak operating cash flow and a generally disappointing performance in the stock itself."

BRC Chart BRC data by YCharts

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