The Brink’s (NYSE:BCO) Issues FY 2021 Earnings Guidance

The Brink’s (NYSE:BCO) issued an update on its FY 2021 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $- for the period. The company issued revenue guidance of $4.45 billion-4.45 billion, compared to the consensus revenue estimate of $4.41 billion.

Shares of NYSE:BCO traded down $0.85 during trading on Thursday, hitting $74.63. 256,479 shares of the company’s stock were exchanged, compared to its average volume of 306,070. The company has a debt-to-equity ratio of 10.78, a quick ratio of 1.40 and a current ratio of 1.40. The company has a market capitalization of $3.71 billion, a price-to-earnings ratio of 137.24 and a beta of 1.56. The company’s 50-day moving average is $77.92. The Brink’s has a 1-year low of $37.08 and a 1-year high of $84.72.

The Brink’s (NYSE:BCO) last issued its earnings results on Tuesday, April 27th. The business services provider reported $0.82 EPS for the quarter, beating the consensus estimate of $0.76 by $0.06. The Brink’s had a net margin of 0.74% and a return on equity of 102.22%. The company had revenue of $977.70 million during the quarter, compared to analysts’ expectations of $973.96 million. During the same quarter in the previous year, the company posted $0.49 EPS. The business’s revenue for the quarter was up 12.0% compared to the same quarter last year. On average, research analysts predict that The Brink’s will post 4.94 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 1st. Investors of record on Monday, May 17th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, May 14th. This represents a $0.80 dividend on an annualized basis and a yield of 1.07%. This is a boost from The Brink’s’s previous quarterly dividend of $0.15. The Brink’s’s payout ratio is currently 21.28%.

BCO has been the subject of several recent analyst reports. Zacks Investment Research upgraded The Brink’s from a hold rating to a buy rating and set a $90.00 price target for the company in a report on Friday, April 30th. The Goldman Sachs Group reissued a buy rating and set a $92.00 target price on shares of The Brink’s in a research note on Wednesday, March 3rd.

In related news, SVP James K. Parks sold 10,281 shares of the stock in a transaction dated Monday, June 7th. The stock was sold at an average price of $72.95, for a total transaction of $749,998.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 3.64% of the company’s stock.

The Brink’s Company Profile

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, replenishment forecasting, cash optimization, ATM remote monitoring, service call dispatching, transaction processing, installation, and first and second line maintenance services; network infrastructure; and cash-in-transit services.

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