Brink’s Company (The) (NYSE:BCO) – Equities researchers at Imperial Capital upped their FY2017 earnings per share (EPS) estimates for shares of Brink’s Company (The) in a report released on Wednesday. Imperial Capital analyst J. Kessler now expects that the business services provider will earn $3.02 per share for the year, up from their prior estimate of $2.67. Imperial Capital has a “Outperform” rating and a $86.00 price target on the stock. Imperial Capital also issued estimates for Brink’s Company (The)’s Q1 2018 earnings at $0.74 EPS, Q3 2018 earnings at $0.91 EPS, Q4 2018 earnings at $1.07 EPS and FY2018 earnings at $3.53 EPS.

Separately, Zacks Investment Research upgraded shares of Brink’s Company (The) from a “hold” rating to a “buy” rating and set a $68.00 target price on the stock in a report on Tuesday, May 2nd. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Brink’s Company (The) currently has an average rating of “Buy” and an average price target of $64.00.

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Shares of Brink’s Company (NYSE:BCO) traded up 2.033% during mid-day trading on Friday, reaching $76.525. 138,758 shares of the company were exchanged. The company’s 50 day moving average price is $71.52 and its 200 day moving average price is $59.89. The firm has a market capitalization of $3.86 billion, a PE ratio of 45.551 and a beta of 1.71. Brink’s Company has a 12 month low of $33.99 and a 12 month high of $81.35.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BCO. Daiwa Securities Group Inc. purchased a new position in Brink’s Company (The) during the second quarter valued at $114,000. Seven Eight Capital LP bought a new position in shares of Brink’s Company (The) during the second quarter worth approximately $154,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Brink’s Company (The) by 93.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,313 shares of the business services provider’s stock worth $155,000 after buying an additional 1,118 shares during the last quarter. Riverhead Capital Management LLC increased its position in shares of Brink’s Company (The) by 51.8% in the second quarter. Riverhead Capital Management LLC now owns 2,429 shares of the business services provider’s stock worth $163,000 after buying an additional 829 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its position in shares of Brink’s Company (The) by 493.8% in the second quarter. PNC Financial Services Group Inc. now owns 2,678 shares of the business services provider’s stock worth $180,000 after buying an additional 2,227 shares during the last quarter. 89.25% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director Michael J. Herling sold 2,000 shares of Brink’s Company (The) stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $61.06, for a total value of $122,120.00. Following the transaction, the director now directly owns 2,980 shares of the company’s stock, valued at $181,958.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Peter A. Feld sold 86,151 shares of Brink’s Company (The) stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $78.18, for a total transaction of $6,735,285.18. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,089,725 shares of company stock worth $72,969,347. 10.40% of the stock is currently owned by insiders.

Brink’s Company (The) declared that its Board of Directors has approved a share buyback plan on Monday, May 8th that authorizes the company to buyback $200.00 million in outstanding shares. This buyback authorization authorizes the business services provider to repurchase up to 6.4% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Thursday, July 27th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.80%. The ex-dividend date of this dividend is Tuesday, July 25th. Brink’s Company (The)’s dividend payout ratio (DPR) is currently 35.71%.

Brink’s Company (The) Company Profile

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.

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

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