FY2017 EPS Estimates for Brink’s Company (The) (BCO) Boosted by Imperial Capital
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.
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.
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