Brink’s (BCO) Set to Announce Quarterly Earnings on Wednesday

Brink’s (NYSE:BCO) will be releasing its earnings data before the market opens on Wednesday, April 24th. Analysts expect Brink’s to post earnings of $0.74 per share for the quarter. Brink’s has set its FY 2019 guidance at $4.10-4.30 EPS and its FY19 guidance at $4.10-4.30 EPS.

Brink’s (NYSE:BCO) last issued its quarterly earnings results on Wednesday, February 6th. The business services provider reported $1.05 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.05. The company had revenue of $907.70 million during the quarter, compared to analysts’ expectations of $925.06 million. Brink’s had a positive return on equity of 68.11% and a negative net margin of 0.96%. The business’s quarterly revenue was up .5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.95 earnings per share. On average, analysts expect Brink’s to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Shares of BCO stock opened at $79.25 on Wednesday. The stock has a market capitalization of $3.95 billion, a PE ratio of 22.90, a P/E/G ratio of 1.30 and a beta of 1.58. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 8.83. Brink’s has a 1-year low of $59.08 and a 1-year high of $85.00.

Separately, Zacks Investment Research cut Brink’s from a “hold” rating to a “sell” rating in a research note on Tuesday, April 9th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $96.67.

In related news, CFO Ronald James Domanico purchased 3,000 shares of the firm’s stock in a transaction dated Friday, March 8th. The stock was bought at an average price of $72.39 per share, with a total value of $217,170.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Amit Zukerman sold 10,000 shares of the stock in a transaction dated Friday, February 8th. The shares were sold at an average price of $75.62, for a total value of $756,200.00. The disclosure for this sale can be found here. In the last three months, insiders bought 18,000 shares of company stock valued at $1,309,720 and sold 23,924 shares valued at $1,829,571. Corporate insiders own 1.05% of the company’s stock.

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Brink’s Company Profile

The Brink's Company provides secure transportation, cash management, and other security-related services in North America, South America, and internationally. 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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Earnings History for Brink`s (NYSE:BCO)

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