Brink's (BCO) Trading Down 3.9% After Earnings Miss

Brink's (NYSE:BCO)’s share price traded down 3.9% during trading on Thursday after the company announced weaker than expected quarterly earnings. The stock traded as low as $74.80 and last traded at $72.05. 403,537 shares were traded during trading, an increase of 4% from the average session volume of 386,342 shares. The stock had previously closed at $75.00.

The business services provider reported $0.95 EPS for the quarter, missing the Zacks’ consensus estimate of $0.96 by ($0.01). Brink's had a net margin of 2.51% and a return on equity of 35.15%. The firm had revenue of $903.00 million for the quarter, compared to analysts’ expectations of $851.35 million. During the same quarter in the previous year, the company earned $0.87 EPS. The company’s quarterly revenue was up 12.3% compared to the same quarter last year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Thursday, February 8th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.83%. The ex-dividend date of this dividend is Wednesday, February 7th. Brink's’s dividend payout ratio is currently 37.97%.

Several equities research analysts recently issued reports on the stock. SunTrust Banks restated a “buy” rating and issued a $98.00 target price on shares of Brink's in a report on Wednesday, October 18th. Sidoti assumed coverage on shares of Brink's in a report on Friday, October 20th. They issued a “buy” rating on the stock. Zacks Investment Research cut shares of Brink's from a “buy” rating to a “hold” rating in a report on Friday, January 19th. Imperial Capital restated an “outperform” rating and issued a $100.00 target price (up previously from $86.00) on shares of Brink's in a report on Thursday, January 18th. Finally, ValuEngine cut shares of Brink's from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Brink's presently has a consensus rating of “Buy” and an average price target of $97.25.

In other Brink's news, Director George I. Stoeckert purchased 1,000 shares of the firm’s stock in a transaction on Friday, December 8th. The shares were acquired at an average cost of $80.40 per share, for a total transaction of $80,400.00. Following the completion of the transaction, the director now owns 12,014 shares of the company’s stock, valued at $965,925.60. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director George I. Stoeckert purchased 2,700 shares of the firm’s stock in a transaction on Tuesday, December 12th. The stock was acquired at an average price of $80.55 per share, for a total transaction of $217,485.00. Following the completion of the transaction, the director now directly owns 12,014 shares of the company’s stock, valued at approximately $967,727.70. The disclosure for this purchase can be found here. 10.40% of the stock is currently owned by company insiders.

Hedge funds have recently made changes to their positions in the company. Tower Research Capital LLC TRC raised its position in shares of Brink's by 285.0% during the 2nd 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 during the period. Cypress Capital Management LLC WY bought a new stake in shares of Brink's during the 3rd quarter valued at $122,000. Meeder Asset Management Inc. bought a new stake in shares of Brink's during the 3rd quarter valued at $128,000. PNC Financial Services Group Inc. raised its position in shares of Brink's by 493.8% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,678 shares of the business services provider’s stock valued at $180,000 after purchasing an additional 2,227 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Brink's by 105.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,670 shares of the business services provider’s stock valued at $210,000 after purchasing an additional 1,370 shares during the period. Hedge funds and other institutional investors own 89.35% of the company’s stock.

The firm has a market cap of $4,104.30, a PE ratio of 46.36, a P/E/G ratio of 1.04 and a beta of 1.71. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.20.

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Brink's 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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