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.
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.
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