Brink’s Company (The) (BCO) Expected to Announce Quarterly Sales of $821.65 Million
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.
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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.
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