Brink's Forecasted to Earn FY2018 Earnings of $4.05 Per Share (BCO)
Brink's (NYSE:BCO) – Analysts at Gabelli upped their FY2018 earnings estimates for shares of Brink's in a research report issued to clients and investors on Friday. Gabelli analyst A. Sinha now expects that the business services provider will post earnings per share of $4.05 for the year, up from their prior estimate of $3.90. Gabelli also issued estimates for Brink's’ FY2019 earnings at $4.85 EPS, FY2020 earnings at $5.35 EPS and FY2021 earnings at $5.85 EPS.
Several other research analysts have also commented on the stock. Zacks Investment Research upgraded shares of Brink's from a “hold” rating to a “buy” rating and set a $97.00 price objective for the company in a report on Monday. Sidoti upgraded shares of Brink's from a “neutral” rating to a “buy” rating in a report on Thursday, January 11th. ValuEngine lowered shares of Brink's from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, SunTrust Banks restated a “buy” rating and issued a $98.00 price objective on shares of Brink's in a report on Wednesday, October 18th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $93.75.
Shares of Brink's (NYSE BCO) traded down $0.45 during midday trading on Monday, reaching $83.55. 396,872 shares of the company’s stock traded hands, compared to its average volume of 371,964. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.20. Brink's has a 1-year low of $42.28 and a 1-year high of $87.89. The company has a market cap of $4,220.00, a price-to-earnings ratio of 51.57, a PEG ratio of 1.09 and a beta of 1.71.
Brink's (NYSE:BCO) last issued its quarterly earnings data on Wednesday, October 25th. The business services provider reported $0.83 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.08. Brink's had a net margin of 2.51% and a return on equity of 35.15%. The business had revenue of $849.50 million during the quarter, compared to analyst estimates of $841.57 million. During the same period in the prior year, the business earned $0.64 EPS. The company’s revenue for the quarter was up 12.4% on a year-over-year basis.
Large investors have recently added to or reduced their stakes in the company. BlackRock Inc. grew its position in Brink's by 5.2% during the 2nd quarter. BlackRock Inc. now owns 5,728,372 shares of the business services provider’s stock valued at $383,801,000 after purchasing an additional 280,668 shares during the last quarter. Vanguard Group Inc. grew its position in Brink's by 7.3% during the 2nd quarter. Vanguard Group Inc. now owns 5,306,384 shares of the business services provider’s stock valued at $355,528,000 after purchasing an additional 360,947 shares during the last quarter. American Century Companies Inc. grew its position in Brink's by 4.5% during the 3rd quarter. American Century Companies Inc. now owns 1,178,614 shares of the business services provider’s stock valued at $99,298,000 after purchasing an additional 51,181 shares during the last quarter. State Street Corp grew its position in Brink's by 1.0% during the 2nd quarter. State Street Corp now owns 1,144,733 shares of the business services provider’s stock valued at $76,699,000 after purchasing an additional 10,783 shares during the last quarter. Finally, Thrivent Financial For Lutherans grew its position in Brink's by 2,932.2% during the 2nd quarter. Thrivent Financial For Lutherans now owns 773,525 shares of the business services provider’s stock valued at $51,827,000 after purchasing an additional 748,015 shares during the last quarter. 90.55% of the stock is currently owned by hedge funds and other institutional investors.
In other Brink's news, Director George I. Stoeckert bought 1,000 shares of Brink's stock in a transaction dated Friday, December 8th. The shares were purchased at an average cost of $80.40 per share, with a total value of $80,400.00. Following the transaction, the director now directly owns 12,014 shares of the company’s stock, valued at $965,925.60. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Douglas A. Pertz bought 6,570 shares of Brink's stock in a transaction dated Thursday, November 2nd. The stock was acquired at an average cost of $76.18 per share, for a total transaction of $500,502.60. The disclosure for this purchase can be found here. Insiders bought a total of 18,850 shares of company stock worth $1,461,348 over the last ninety days. Insiders own 10.40% of the company’s stock.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Thursday, February 8th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date is Wednesday, February 7th. Brink's’s dividend payout ratio is presently 37.04%.
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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