Wall Street brokerages forecast that Brink’s Company (The) (NYSE:BCO) will post $821.65 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Brink’s Company (The)’s earnings, with the highest sales estimate coming in at $823.90 million and the lowest estimate coming in at $819.40 million. Brink’s Company (The) reported sales of $755.80 million in the same quarter last year, which indicates a positive year-over-year growth rate of 8.7%. The business is expected to announce its next quarterly earnings results on Wednesday, October 25th.

On average, analysts expect that Brink’s Company (The) will report full-year sales of $821.65 million for the current financial year, with estimates ranging from $3.19 billion to $3.29 billion. For the next financial year, analysts anticipate that the business will report sales of $3.43 billion per share, with estimates ranging from $3.41 billion to $3.48 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Brink’s Company (The).

Brink’s Company (The) (NYSE:BCO) last posted its earnings results on Wednesday, July 26th. The business services provider reported $0.64 EPS for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.18. The company had revenue of $806 million for the quarter, compared to the consensus estimate of $730.87 million. Brink’s Company (The) had a return on equity of 34.49% and a net margin of 2.73%. Brink’s Company (The)’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.38 earnings per share.

Several equities analysts have recently issued reports on BCO shares. Imperial Capital lifted their price target on Brink’s Company (The) from $52.00 to $65.00 and gave the company an “in-line” rating in a research report on Thursday, May 25th. Zacks Investment Research upgraded Brink’s Company (The) from a “hold” rating to a “buy” rating and set a $68.00 price target on the stock in a research report on Tuesday, May 2nd. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $64.00.

In other news, Director Peter A. Feld sold 400,000 shares of Brink’s Company (The) stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $63.27, for a total transaction of $25,308,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Mcalister C. Marshall II sold 4,848 shares of Brink’s Company (The) stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $77.67, for a total value of $376,544.16. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,087,725 shares of company stock worth $72,847,227. 10.40% of the stock is owned by insiders.

Institutional investors have recently modified their holdings of the stock. BlackRock Inc. boosted its position in shares of Brink’s Company (The) by 118,199.8% in the first quarter. BlackRock Inc. now owns 5,447,704 shares of the business services provider’s stock valued at $291,179,000 after buying an additional 5,443,099 shares during the period. Wells Fargo & Company MN boosted its position in shares of Brink’s Company (The) by 2,351.9% in the first quarter. Wells Fargo & Company MN now owns 1,217,418 shares of the business services provider’s stock worth $65,071,000 after buying an additional 1,167,765 shares during the last quarter. Thrivent Financial For Lutherans boosted its position in shares of Brink’s Company (The) by 2,932.2% in the second quarter. Thrivent Financial For Lutherans now owns 773,525 shares of the business services provider’s stock worth $51,827,000 after buying an additional 748,015 shares during the last quarter. American Century Companies Inc. boosted its position in shares of Brink’s Company (The) by 148.7% in the second quarter. American Century Companies Inc. now owns 1,127,433 shares of the business services provider’s stock worth $75,538,000 after buying an additional 674,096 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. bought a new position in shares of Brink’s Company (The) during the second quarter worth about $40,125,000. Institutional investors own 89.47% of the company’s stock.

WARNING: This piece was first published by Watch List News and is owned by of Watch List News. If you are accessing this piece on another domain, it was illegally stolen and republished in violation of United States and international copyright & trademark laws. The original version of this piece can be viewed at https://www.watchlistnews.com/brinks-company-the-bco-expected-to-announce-quarterly-sales-of-821-65-million/1491485.html.

Brink’s Company (BCO) traded up 0.099% during mid-day trading on Tuesday, reaching $75.825. The company’s stock had a trading volume of 122,982 shares. Brink’s Company has a 52 week low of $33.99 and a 52 week high of $81.35. The firm’s 50 day moving average price is $72.07 and its 200 day moving average price is $60.58. The firm has a market capitalization of $3.83 billion, a P/E ratio of 45.134 and a beta of 1.71.

Brink’s Company (The) declared that its Board of Directors has initiated a stock repurchase plan on Monday, May 8th that permits the company to buyback $200.00 million in outstanding shares. This buyback authorization permits the business services provider to purchase up to 6.4% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its shares are undervalued.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Thursday, July 27th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.79%. The ex-dividend date is Tuesday, July 25th. Brink’s Company (The)’s dividend payout ratio (DPR) is presently 35.71%.

About Brink’s Company (The)

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.

Get a free copy of the Zacks research report on Brink’s Company (The) (BCO)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Brink's Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brink's Company (The) and related companies with Analyst Ratings Network's FREE daily email newsletter.