Global Brass and Copper Holdings, Inc. (NYSE:BRSS) issued its earnings results on Wednesday. The industrial products company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.01, Bloomberg Earnings reports. Global Brass and Copper Holdings had a net margin of 3.10% and a return on equity of 55.01%. The business had revenue of $378.60 million for the quarter, compared to analyst estimates of $376.00 million. During the same period in the previous year, the business earned $0.81 EPS. The firm’s revenue was up 8.5% on a year-over-year basis.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Monday, November 13th will be given a $0.06 dividend. The ex-dividend date is Friday, November 10th. This represents a $0.24 dividend on an annualized basis and a yield of Infinity. Global Brass and Copper Holdings’s dividend payout ratio (DPR) is presently 11.82%.
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A number of equities analysts have commented on BRSS shares. BidaskClub upgraded shares of Global Brass and Copper Holdings from a “sell” rating to a “hold” rating in a research report on Friday, October 13th. Zacks Investment Research lowered shares of Global Brass and Copper Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th.
In other Global Brass and Copper Holdings news, Director Martin E. Welch sold 3,708 shares of the stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $29.08, for a total transaction of $107,828.64. Following the sale, the director now directly owns 21,686 shares in the company, valued at $630,628.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 3.20% of the company’s stock.
Global Brass and Copper Holdings Company Profile
Global Brass and Copper Holdings, Inc is a converter, fabricator, processor and distributor of specialized non-ferrous products, including a range of sheet, strip, foil, rod, tube and fabricated metal component products. The Company operates through three segments: Olin Brass, Chase Brass and A.J. Oster.
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