FY2018 EPS Estimates for Brink’s Company (The) (BCO) Lifted by Gabelli

Brink’s Company (The) (NYSE:BCO) – Equities research analysts at Gabelli upped their FY2018 earnings estimates for shares of Brink’s Company (The) in a note issued to investors on Monday. Gabelli analyst A. Sinha now expects that the business services provider will earn $3.80 per share for the year, up from their previous forecast of $3.75. Gabelli also issued estimates for Brink’s Company (The)’s FY2019 earnings at $4.55 EPS, FY2020 earnings at $4.95 EPS and FY2021 earnings at $5.35 EPS.

A number of other brokerages have also commented on BCO. ValuEngine lowered shares of Brink’s Company (The) from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Zacks Investment Research downgraded shares of Brink’s Company (The) from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 18th. Finally, Imperial Capital raised shares of Brink’s Company (The) from an “in-line” rating to an “outperform” rating and raised their target price for the company from $72.00 to $86.00 in a research report on Wednesday, August 9th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $86.00.

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Brink’s Company (BCO) traded down 0.18% during trading on Tuesday, hitting $83.80. 48,598 shares of the stock traded hands. Brink’s Company has a one year low of $36.24 and a one year high of $84.80. The company has a market capitalization of $4.23 billion, a P/E ratio of 49.88 and a beta of 1.70. The company’s 50 day moving average is $80.27 and its 200 day moving average is $68.83.

Brink’s Company (The) (NYSE:BCO) last posted its quarterly earnings results on Wednesday, July 26th. The business services provider reported $0.64 EPS for the quarter, beating the consensus estimate of $0.46 by $0.18. Brink’s Company (The) had a net margin of 2.73% and a return on equity of 34.49%. The business had revenue of $806.00 million for the quarter, compared to analysts’ expectations of $730.87 million. During the same period in the previous year, the company posted $0.38 EPS. Brink’s Company (The)’s revenue was up 9.0% on a year-over-year basis.

A number of institutional investors have recently added to or reduced their stakes in BCO. Tower Research Capital LLC TRC grew its position in Brink’s Company (The) by 285.0% in the second quarter. Tower Research Capital LLC TRC now owns 1,540 shares of the business services provider’s stock valued at $103,000 after purchasing an additional 1,140 shares in the last quarter. Daiwa Securities Group Inc. bought a new position in Brink’s Company (The) in the second quarter valued at $114,000. Barrow Hanley Mewhinney & Strauss LLC bought a new position in Brink’s Company (The) in the first quarter valued at $153,000. Seven Eight Capital LP bought a new position in Brink’s Company (The) in the second quarter valued at $154,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in Brink’s Company (The) by 93.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,313 shares of the business services provider’s stock valued at $155,000 after purchasing an additional 1,118 shares in the last quarter. 89.85% of the stock is owned by institutional investors and hedge funds.

In related news, SVP Mcalister C. Marshall II sold 13,500 shares of the firm’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $76.96, for a total value of $1,038,960.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Peter A. Feld sold 27,000 shares of the firm’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $80.83, for a total transaction of $2,182,410.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 501,415 shares of company stock valued at $38,681,954. 10.40% of the stock is owned by insiders.

Brink’s Company (The) Company Profile

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.

Earnings History and Estimates for Brink`s Company (The) (NYSE:BCO)

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