Analysts expect Brink’s (NYSE:BCO) to post earnings per share of $0.76 for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Brink’s’ earnings, with the highest EPS estimate coming in at $0.77 and the lowest estimate coming in at $0.74. Brink’s posted earnings of $0.64 per share during the same quarter last year, which would indicate a positive year over year growth rate of 18.8%. The firm is scheduled to announce its next earnings report on Wednesday, July 25th.
According to Zacks, analysts expect that Brink’s will report full-year earnings of $3.77 per share for the current financial year, with EPS estimates ranging from $3.75 to $3.81. For the next financial year, analysts expect that the business will report earnings of $5.02 per share, with EPS estimates ranging from $4.47 to $5.30. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that follow Brink’s.
Brink’s (NYSE:BCO) last posted its quarterly earnings results on Wednesday, April 25th. The business services provider reported $0.65 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.02. The company had revenue of $853.00 million for the quarter, compared to the consensus estimate of $802.83 million. Brink’s had a return on equity of 39.12% and a net margin of 0.12%. The firm’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.57 EPS.
A number of research firms have recently weighed in on BCO. Zacks Investment Research downgraded Brink’s from a “buy” rating to a “hold” rating in a research note on Wednesday, March 14th. ValuEngine raised Brink’s from a “hold” rating to a “buy” rating in a research note on Friday, June 1st. Buckingham Research increased their price target on Brink’s from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, May 31st. Finally, TheStreet raised Brink’s from a “c+” rating to a “b-” rating in a research note on Tuesday, June 12th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Brink’s presently has a consensus rating of “Buy” and a consensus target price of $96.80.
Brink’s opened at $79.75 on Wednesday, MarketBeat reports. The company has a debt-to-equity ratio of 3.10, a quick ratio of 1.77 and a current ratio of 1.77. The firm has a market capitalization of $4.09 billion, a PE ratio of 26.32, a P/E/G ratio of 1.09 and a beta of 1.79. Brink’s has a twelve month low of $66.10 and a twelve month high of $88.10.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 1st. Investors of record on Friday, May 18th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend was Thursday, May 17th. Brink’s’s payout ratio is presently 19.80%.
In related news, insider Michael F. Beech sold 4,625 shares of the firm’s stock in a transaction on Thursday, June 14th. The stock was sold at an average price of $78.67, for a total transaction of $363,848.75. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Rohan Pal sold 1,295 shares of the firm’s stock in a transaction on Friday, June 1st. The stock was sold at an average price of $78.70, for a total value of $101,916.50. The disclosure for this sale can be found here. Insiders have sold a total of 33,280 shares of company stock worth $2,641,009 in the last ninety days. 2.48% of the stock is currently owned by company insiders.
A number of institutional investors have recently modified their holdings of BCO. Mount Yale Investment Advisors LLC bought a new position in Brink’s during the 1st quarter worth about $132,000. Dynamic Technology Lab Private Ltd bought a new position in Brink’s during the 1st quarter worth about $513,000. Massmutual Trust Co. FSB ADV increased its holdings in Brink’s by 29.5% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 6,325 shares of the business services provider’s stock worth $451,000 after purchasing an additional 1,441 shares in the last quarter. WINTON GROUP Ltd bought a new position in Brink’s during the 1st quarter worth about $1,662,000. Finally, CIBC World Markets Inc. bought a new position in Brink’s during the 1st quarter worth about $712,000. 90.93% of the stock is currently owned by institutional investors and hedge funds.
The Brink's Company provides secure transportation, cash management, and other security-related services worldwide. The company offers cash-in-transit services, including armored vehicle transportation of valuables; automated teller machine (ATM) services, such as cash replenishment, replenishment forecasting, cash optimization, ATM remote monitoring, service call dispatching, transaction processing, installation, and first and second line maintenance; and network infrastructure services.
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