Analysts expect that Brink’s (NYSE:BCO) will post earnings per share of $0.94 for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Brink’s’ earnings, with estimates ranging from $0.93 to $0.94. Brink’s posted earnings of $0.83 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 13.3%. The company is expected to announce its next earnings report on Wednesday, October 24th.
According to Zacks, analysts expect that Brink’s will report full year earnings of $3.41 per share for the current fiscal year, with EPS estimates ranging from $3.33 to $3.53. For the next fiscal year, analysts anticipate that the company will post earnings of $4.82 per share, with EPS estimates ranging from $4.39 to $5.28. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover Brink’s.
Brink’s (NYSE:BCO) last posted its quarterly earnings data on Wednesday, July 25th. The business services provider reported $0.74 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.05. Brink’s had a positive return on equity of 46.24% and a negative net margin of 3.39%. The business had revenue of $850.00 million for the quarter, compared to analysts’ expectations of $795.75 million. During the same quarter in the previous year, the firm earned $0.64 earnings per share. The business’s revenue was up 5.5% on a year-over-year basis.
Several research firms have weighed in on BCO. Zacks Investment Research raised Brink’s from a “sell” rating to a “hold” rating in a research report on Monday, July 30th. ValuEngine raised Brink’s from a “hold” rating to a “buy” rating in a research report on Monday, July 2nd. TheStreet cut Brink’s from a “b-” rating to a “c” rating in a research report on Wednesday, August 1st. Finally, Berenberg Bank began coverage on Brink’s in a research report on Wednesday, September 12th. They issued a “buy” rating and a $90.00 price objective on the stock. Two research analysts have rated the stock with a sell rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $95.67.
In other news, CFO Ronald James Domanico bought 2,000 shares of the stock in a transaction on Friday, September 7th. The shares were purchased at an average cost of $69.45 per share, for a total transaction of $138,900.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Amit Zukerman sold 5,000 shares of the business’s stock in a transaction on Monday, August 6th. The shares were sold at an average price of $79.41, for a total value of $397,050.00. The disclosure for this sale can be found here. Insiders own 2.48% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the business. Parallel Advisors LLC raised its stake in shares of Brink’s by 498.0% in the second quarter. Parallel Advisors LLC now owns 1,477 shares of the business services provider’s stock valued at $117,000 after buying an additional 1,230 shares during the period. Mount Yale Investment Advisors LLC bought a new stake in shares of Brink’s during the 1st quarter valued at $132,000. Bronfman E.L. Rothschild L.P. raised its stake in shares of Brink’s by 52.7% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,343 shares of the business services provider’s stock valued at $187,000 after purchasing an additional 809 shares during the period. Fortaleza Asset Management Inc. bought a new stake in shares of Brink’s during the 2nd quarter valued at $192,000. Finally, World Asset Management Inc bought a new stake in shares of Brink’s during the 2nd quarter valued at $200,000. Hedge funds and other institutional investors own 98.32% of the company’s stock.
BCO stock opened at $66.03 on Tuesday. The company has a debt-to-equity ratio of 4.63, a quick ratio of 1.79 and a current ratio of 1.79. Brink’s has a 1-year low of $65.54 and a 1-year high of $88.10. The firm has a market capitalization of $3.55 billion, a price-to-earnings ratio of 21.79, a price-to-earnings-growth ratio of 1.05 and a beta of 1.73.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 3rd. Shareholders of record on Friday, November 9th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Thursday, November 8th. This represents a $0.60 annualized dividend and a dividend yield of 0.91%. Brink’s’s payout ratio is presently 19.80%.
Brink’s Company Profile
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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