Analysts predict that Brink’s Company (The) (NYSE:BCO) will report $869.95 million in sales for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Brink’s Company (The)’s earnings, with estimates ranging from $868.80 million to $871.10 million. Brink’s Company (The) reported sales of $803.50 million in the same quarter last year, which indicates a positive year over year growth rate of 8.3%. The business is scheduled to issue its next earnings results on Wednesday, February 14th.
On average, analysts expect that Brink’s Company (The) will report full year sales of $869.95 million for the current year, with estimates ranging from $3.21 billion to $3.32 billion. For the next fiscal year, analysts expect that the firm will report sales of $3.47 billion per share, with estimates ranging from $3.41 billion to $3.50 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover Brink’s Company (The).
Brink’s Company (The) (NYSE:BCO) last announced its quarterly earnings data on Wednesday, October 25th. The business services provider reported $0.83 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.08. The company had revenue of $849.50 million for the quarter, compared to analysts’ expectations of $841.57 million. Brink’s Company (The) had a return on equity of 35.15% and a net margin of 2.51%. Brink’s Company (The)’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same period last year, the firm posted $0.64 EPS.
A number of equities analysts recently weighed in on the company. Imperial Capital raised Brink’s Company (The) from an “in-line” rating to an “outperform” rating and raised their price objective for the company from $72.00 to $86.00 in a report on Wednesday, August 9th. Zacks Investment Research cut Brink’s Company (The) from a “strong-buy” rating to a “hold” rating in a report on Monday, September 18th. ValuEngine cut Brink’s Company (The) from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Sidoti assumed coverage on Brink’s Company (The) in a report on Friday, October 20th. They set a “buy” rating on the stock. Finally, SunTrust Banks, Inc. reissued a “buy” rating and set a $98.00 price objective on shares of Brink’s Company (The) in a report on Wednesday, October 18th. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Brink’s Company (The) currently has an average rating of “Buy” and an average target price of $93.67.
Brink’s Company (BCO) opened at $78.75 on Friday. The firm has a market capitalization of $4,020.00, a PE ratio of 26.72 and a beta of 1.70. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.20. Brink’s Company has a 1-year low of $38.48 and a 1-year high of $87.30.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Monday, November 13th will be given a dividend of $0.15 per share. The ex-dividend date is Friday, November 10th. This represents a $0.60 annualized dividend and a yield of 0.76%. Brink’s Company (The)’s payout ratio is 37.04%.
In related news, insider Douglas A. Pertz purchased 6,570 shares of Brink’s Company (The) stock in a transaction that occurred on Thursday, November 2nd. The shares were acquired at an average cost of $76.18 per share, for a total transaction of $500,502.60. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Peter A. Feld sold 75,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $75.72, for a total value of $5,679,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have purchased 15,150 shares of company stock worth $1,163,463 and have sold 162,000 shares worth $12,410,010. 10.40% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of BCO. Thrivent Financial For Lutherans grew its position in Brink’s Company (The) by 2,932.2% during the 2nd quarter. Thrivent Financial For Lutherans now owns 773,525 shares of the business services provider’s stock worth $51,827,000 after acquiring an additional 748,015 shares during the last quarter. American Century Companies Inc. grew its position in shares of Brink’s Company (The) by 148.7% in the 2nd quarter. American Century Companies Inc. now owns 1,127,433 shares of the business services provider’s stock worth $75,538,000 after buying an additional 674,096 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of Brink’s Company (The) by 128.6% in the 2nd quarter. Principal Financial Group Inc. now owns 807,295 shares of the business services provider’s stock worth $54,089,000 after buying an additional 454,097 shares during the last quarter. Pictet Asset Management Ltd. grew its position in shares of Brink’s Company (The) by 231.0% in the 3rd quarter. Pictet Asset Management Ltd. now owns 609,000 shares of the business services provider’s stock worth $51,308,000 after buying an additional 425,000 shares during the last quarter. Finally, Eagle Asset Management Inc. bought a new stake in shares of Brink’s Company (The) in the 3rd quarter worth approximately $31,028,000. Institutional investors and hedge funds own 89.86% of the company’s stock.
About Brink’s Company (The)
The Brink’s Company (Brink’s) is a provider of logistics and security solutions. The Company operates through nine segments: U.S., France, Mexico, Brazil, Canada, Latin America, EMEA, Asia and Payment Services. The Company’s solutions include cash-in-transit (CIT), automated teller machine (ATM) replenishment and maintenance, cash management services, including vault outsourcing, money processing, and intelligent safe services, international transportation of valuables, and payment services.
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