Brokerages Expect Brink’s (BCO) to Post $1.00 Earnings Per Share

Equities research analysts expect that Brink’s (NYSE:BCO) will post $1.00 earnings per share for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Brink’s’ earnings, with estimates ranging from $0.99 to $1.01. Brink’s posted earnings per share of $0.95 in the same quarter last year, which would suggest a positive year-over-year growth rate of 5.3%. The company is scheduled to announce its next quarterly earnings report on Wednesday, February 6th.

On average, analysts expect that Brink’s will report full year earnings of $3.32 per share for the current fiscal year, with EPS estimates ranging from $3.27 to $3.40. For the next year, analysts expect that the firm will post earnings of $4.34 per share, with EPS estimates ranging from $4.25 to $4.50. Zacks’ earnings per share averages are an average based on a survey of research firms that follow Brink’s.

Brink’s (NYSE:BCO) last announced its quarterly earnings results on Wednesday, October 24th. The business services provider reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.11. The business had revenue of $852.00 million for the quarter, compared to analyst estimates of $843.96 million. Brink’s had a negative net margin of 3.46% and a positive return on equity of 56.86%. The company’s revenue was up .3% on a year-over-year basis. During the same quarter last year, the firm earned $0.83 EPS.

A number of brokerages have recently weighed in on BCO. Zacks Investment Research lowered shares of Brink’s from a “hold” rating to a “sell” rating in a research note on Friday, September 14th. Berenberg Bank began coverage on shares of Brink’s in a research note on Wednesday, September 12th. They set a “buy” rating and a $90.00 target price on the stock. ValuEngine lowered shares of Brink’s from a “hold” rating to a “sell” rating in a research note on Tuesday, September 4th. Finally, SunTrust Banks cut their target price on shares of Brink’s to $90.00 and set a “buy” rating on the stock in a research note on Monday, October 15th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company. Brink’s has an average rating of “Buy” and a consensus price target of $94.33.

Brink’s stock traded up $1.14 during trading hours on Friday, reaching $70.82. The stock had a trading volume of 397,372 shares, compared to its average volume of 249,135. The firm has a market cap of $3.58 billion, a PE ratio of 23.37, a price-to-earnings-growth ratio of 1.38 and a beta of 1.60. Brink’s has a 52 week low of $61.47 and a 52 week high of $88.10. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 5.89.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 3rd. Investors of record on Friday, November 9th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, November 8th. This represents a $0.60 dividend on an annualized basis and a yield of 0.85%. Brink’s’s dividend payout ratio (DPR) is currently 19.80%.

In other Brink’s news, CFO Ronald James Domanico purchased 2,000 shares of the stock in a transaction that occurred on Friday, September 7th. The stock was bought at an average cost of $69.45 per share, with a total value of $138,900.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 2.48% of the company’s stock.

A number of institutional investors have recently modified their holdings of the business. BlackRock Inc. raised its holdings in Brink’s by 1.5% in the third quarter. BlackRock Inc. now owns 5,699,653 shares of the business services provider’s stock worth $397,550,000 after buying an additional 84,498 shares during the last quarter. Greencape Capital Pty Ltd raised its holdings in Brink’s by 6.3% in the third quarter. Greencape Capital Pty Ltd now owns 1,811,231 shares of the business services provider’s stock worth $126,333,000 after buying an additional 107,011 shares during the last quarter. Fuller & Thaler Asset Management Inc. raised its holdings in Brink’s by 8.1% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 1,398,367 shares of the business services provider’s stock worth $97,536,000 after buying an additional 105,235 shares during the last quarter. Vaughan Nelson Investment Management L.P. raised its holdings in Brink’s by 36.3% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 1,369,402 shares of the business services provider’s stock worth $109,210,000 after buying an additional 364,925 shares during the last quarter. Finally, FMR LLC raised its holdings in Brink’s by 29.3% in the third quarter. FMR LLC now owns 1,008,498 shares of the business services provider’s stock worth $70,343,000 after buying an additional 228,626 shares during the last quarter. 99.22% of the stock is owned by institutional investors and hedge funds.

About Brink’s

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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