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

The Brink’s (NYSE:BCO) updated its FY 2021 earnings guidance on Thursday. The company provided EPS guidance of $4.350-$5.550 for the period, compared to the Thomson Reuters consensus EPS estimate of $5.020. The company issued revenue guidance of $4.20 billion-$4.60 billion, compared to the consensus revenue estimate of $4.41 billion.The Brink’s also updated its FY21 guidance to $4.35-5.55 EPS.

Separately, Zacks Investment Research downgraded shares of The Brink’s from a buy rating to a hold rating in a research note on Tuesday, June 29th.

Shares of BCO stock traded down $3.93 during trading hours on Thursday, hitting $73.90. 4,362 shares of the company’s stock traded hands, compared to its average volume of 248,680. The firm has a 50 day moving average price of $76.71. The stock has a market cap of $3.68 billion, a PE ratio of 141.51 and a beta of 1.55. The Brink’s has a 12 month low of $37.08 and a 12 month high of $84.72. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 10.78.

The Brink’s (NYSE:BCO) last released its quarterly earnings results on Thursday, July 22nd. The business services provider reported $1.18 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $0.19. The Brink’s had a net margin of 0.74% and a return on equity of 102.22%. The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter last year, the firm earned $0.71 earnings per share. The company’s revenue for the quarter was up 27.0% on a year-over-year basis. Equities analysts forecast that The Brink’s will post 4.94 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 1st. Stockholders of record on Monday, July 26th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.08%. The ex-dividend date of this dividend is Friday, July 23rd. The Brink’s’s dividend payout ratio (DPR) is presently 21.28%.

In other The Brink’s news, SVP James K. Parks sold 10,281 shares of the firm’s stock in a transaction on Monday, June 7th. The shares were sold at an average price of $72.95, for a total value of $749,998.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate 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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