Brink’s (NYSE:BCO) Releases FY 2024 Earnings Guidance

Brink’s (NYSE:BCO) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 6.500-6.800 for the period, compared to the consensus estimate of 7.450. The company issued revenue guidance of $5.0 billion-$5.1 billion, compared to the consensus revenue estimate of $5.1 billion. Brink’s also updated its FY24 guidance to $6.50-6.80 EPS.

Brink’s Stock Performance

Brink’s stock opened at $103.74 on Wednesday. The company has a debt-to-equity ratio of 7.78, a current ratio of 1.57 and a quick ratio of 1.57. Brink’s has a 1-year low of $69.92 and a 1-year high of $115.91. The firm has a market capitalization of $4.58 billion, a P/E ratio of 35.05 and a beta of 1.44. The company’s 50-day moving average is $108.80 and its 200 day moving average is $103.38.

Brink’s (NYSE:BCO) last posted its quarterly earnings data on Wednesday, August 7th. The business services provider reported $1.67 earnings per share for the quarter, topping analysts’ consensus estimates of $1.47 by $0.20. The company had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.26 billion. Brink’s had a net margin of 2.73% and a return on equity of 69.80%. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.18 EPS. Research analysts forecast that Brink’s will post 7.4 EPS for the current year.

Brink’s Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 4th will be given a dividend of $0.2425 per share. This represents a $0.97 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date of this dividend is Monday, November 4th. Brink’s’s dividend payout ratio (DPR) is presently 32.77%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on BCO. StockNews.com raised shares of Brink’s from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 16th. Truist Financial raised their target price on shares of Brink’s from $110.00 to $144.00 and gave the stock a “buy” rating in a research report on Friday, September 20th. Three equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $123.50.

About Brink’s

The Brink's Company provides secure transportation, cash management, and other security-related services in North America, Latin America, Europe, and internationally. The company offers armored vehicle transportation of valuables; automated teller machine (ATM) management services, such as cash replenishment, cash forecasting, cash optimization, ATM remote monitoring, service call dispatching, transaction processing, installation, and first line maintenance services; and cash-in-transit services.