The Brink’s (NYSE:BCO) Shares Up 6.4% on Earnings Beat


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Shares of The Brink’s Company (NYSE:BCO) shot up 6.4% during trading on Tuesday following a better than expected earnings announcement. The company traded as high as $81.59 and last traded at $80.86. 825,512 shares traded hands during mid-day trading, an increase of 144% from the average session volume of 338,203 shares. The stock had previously closed at $76.00.

The business services provider reported $1.64 EPS for the quarter, topping the consensus estimate of $1.01 by $0.63. The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.01 billion. The Brink’s had a negative net margin of 0.33% and a positive return on equity of 95.65%. The business’s revenue was up 9.2% compared to the same quarter last year. During the same period last year, the firm posted $1.18 earnings per share.

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 1st. Investors of record on Monday, February 8th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date is Friday, February 5th. The Brink’s’s payout ratio is presently 15.42%.

BCO has been the subject of several analyst reports. Zacks Investment Research lowered shares of The Brink’s from a “hold” rating to a “sell” rating in a research report on Friday. Truist raised their price target on The Brink’s from $90.00 to $96.00 in a research report on Friday, January 15th.

Several institutional investors have recently bought and sold shares of the company. Focused Wealth Management Inc purchased a new position in The Brink’s during the 4th quarter valued at about $144,000. State Board of Administration of Florida Retirement System increased its stake in shares of The Brink’s by 2.7% during the third quarter. State Board of Administration of Florida Retirement System now owns 21,069 shares of the business services provider’s stock valued at $866,000 after buying an additional 560 shares during the period. Perpetual Ltd raised its holdings in shares of The Brink’s by 40.8% during the third quarter. Perpetual Ltd now owns 193,281 shares of the business services provider’s stock valued at $7,942,000 after acquiring an additional 56,040 shares in the last quarter. Blair William & Co. IL lifted its stake in The Brink’s by 9.4% in the third quarter. Blair William & Co. IL now owns 20,758 shares of the business services provider’s stock worth $853,000 after acquiring an additional 1,783 shares during the period. Finally, AlphaCrest Capital Management LLC bought a new stake in The Brink’s in the third quarter valued at $217,000.

The company’s fifty day simple moving average is $71.79 and its 200 day simple moving average is $58.31. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 14.00. The firm has a market capitalization of $4.00 billion, a P/E ratio of -313.92 and a beta of 1.53.

The Brink’s Company Profile (NYSE:BCO)

The Brink's Company provides secure transportation, cash management, and other security-related services in North America, South America, and internationally. The company offers 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 services; and network infrastructure services.

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