Equities analysts forecast that Brink’s (NYSE:BCO) will announce earnings per share of $0.94 for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Brink’s’ earnings. The highest EPS estimate is $0.94 and the lowest is $0.93. Brink’s posted earnings of $0.83 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 13.3%. The business is expected to announce its next quarterly earnings report before the market opens on Wednesday, October 24th.
On average, 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 forecast that the firm will post earnings of $4.74 per share, with EPS estimates ranging from $4.07 to $5.28. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Brink’s.
Brink’s (NYSE:BCO) last released its quarterly earnings data on Wednesday, July 25th. The business services provider reported $0.74 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.05. The firm had revenue of $850.00 million during the quarter, compared to the consensus estimate of $795.75 million. Brink’s had a positive return on equity of 46.24% and a negative net margin of 3.39%. The company’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.64 earnings per share.
Several equities research analysts have recently commented on BCO shares. ValuEngine upgraded Brink’s from a “hold” rating to a “buy” rating in a report on Monday, July 2nd. Zacks Investment Research downgraded Brink’s from a “hold” rating to a “sell” rating in a report on Friday, July 20th. TheStreet downgraded Brink’s from a “b-” rating to a “c” rating in a report on Wednesday, August 1st. Berenberg Bank started coverage on Brink’s in a report on Wednesday, September 12th. They set a “buy” rating and a $90.00 price objective for the company. Finally, SunTrust Banks decreased their price objective on Brink’s to $90.00 and set a “buy” rating for the company in a report on Monday. Two investment analysts have rated the stock with a sell rating and six have assigned a buy rating to the company. Brink’s currently has an average rating of “Buy” and an average price target of $94.33.
In related news, CFO Ronald James Domanico purchased 2,000 shares of the firm’s stock in a transaction that occurred on Friday, September 7th. The stock was acquired at an average price of $69.45 per share, for a total transaction of $138,900.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Amit Zukerman sold 5,000 shares of the company’s stock in a transaction on Monday, August 6th. The stock was 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. Corporate insiders own 2.48% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the stock. Envestnet Asset Management Inc. grew its holdings in Brink’s by 4.4% during the second quarter. Envestnet Asset Management Inc. now owns 16,838 shares of the business services provider’s stock worth $1,342,000 after buying an additional 716 shares in the last quarter. Bronfman E.L. Rothschild L.P. grew its holdings in Brink’s by 52.7% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 2,343 shares of the business services provider’s stock worth $187,000 after buying an additional 809 shares in the last quarter. Profund Advisors LLC grew its holdings in Brink’s by 13.8% during the first quarter. Profund Advisors LLC now owns 8,578 shares of the business services provider’s stock worth $612,000 after buying an additional 1,041 shares in the last quarter. Arizona State Retirement System grew its holdings in Brink’s by 3.2% during the second quarter. Arizona State Retirement System now owns 35,342 shares of the business services provider’s stock worth $2,819,000 after buying an additional 1,108 shares in the last quarter. Finally, Parallel Advisors LLC grew its holdings in Brink’s by 498.0% during the second quarter. Parallel Advisors LLC now owns 1,477 shares of the business services provider’s stock worth $117,000 after buying an additional 1,230 shares in the last quarter. Institutional investors and hedge funds own 98.32% of the company’s stock.
Shares of NYSE BCO traded up $1.66 during midday trading on Tuesday, hitting $64.62. 531,400 shares of the stock traded hands, compared to its average volume of 449,124. The company has a market cap of $3.55 billion, a price-to-earnings ratio of 20.88, a P/E/G ratio of 1.05 and a beta of 1.73. Brink’s has a one year low of $62.08 and a one year high of $88.10. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 4.63.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 3rd. Investors of record on Friday, November 9th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, November 8th. This represents a $0.60 annualized dividend and a yield of 0.93%. Brink’s’s dividend payout ratio (DPR) is currently 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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