Brink's (NYSE:BCO) issued an update on its FY18 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $3.65-3.85 for the period, compared to the Thomson Reuters consensus estimate of $3.76. The company issued revenue guidance of approx $3.45 billion, compared to the consensus revenue estimate of $3.49 billion.
Brink's (NYSE BCO) opened at $72.70 on Wednesday. The company has a quick ratio of 1.21, a current ratio of 1.89 and a debt-to-equity ratio of 3.66. Brink's has a fifty-two week low of $47.30 and a fifty-two week high of $88.10. The company has a market cap of $3,670.00, a price-to-earnings ratio of 23.99, a price-to-earnings-growth ratio of 0.95 and a beta of 1.71.
Brink's (NYSE:BCO) last announced its quarterly earnings results on Wednesday, February 7th. The business services provider reported $0.95 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.96 by ($0.01). Brink's had a net margin of 0.50% and a return on equity of 36.76%. The firm had revenue of $903.00 million during the quarter, compared to the consensus estimate of $851.35 million. During the same period in the previous year, the business earned $0.87 earnings per share. The firm’s revenue for the quarter was up 12.3% on a year-over-year basis. equities research analysts anticipate that Brink's will post 3.76 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Thursday, February 8th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date of this dividend is Wednesday, February 7th. Brink's’s payout ratio is 19.80%.
A number of equities analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Brink's from a hold rating to a buy rating and set a $82.00 price target on the stock in a research report on Friday, February 9th. Gabelli upgraded shares of Brink's from a hold rating to a buy rating in a report on Thursday, February 8th. Imperial Capital restated an outperform rating and issued a $100.00 price objective (up previously from $86.00) on shares of Brink's in a report on Thursday, January 18th. Sidoti upgraded shares of Brink's from a neutral rating to a buy rating in a report on Thursday, January 11th. Finally, ValuEngine cut shares of Brink's from a buy rating to a hold rating in a report on Friday, December 1st. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of $93.50.
In other Brink's news, CEO Douglas A. Pertz bought 10,000 shares of Brink's stock in a transaction on Thursday, February 8th. The stock was acquired at an average cost of $72.91 per share, with a total value of $729,100.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director George I. Stoeckert bought 1,000 shares of Brink's stock in a transaction on Friday, December 8th. The shares were acquired at an average cost of $80.40 per share, with a total value of $80,400.00. Following the completion of the acquisition, the director now owns 12,014 shares of the company’s stock, valued at approximately $965,925.60. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 19,200 shares of company stock worth $1,431,355. 10.40% of the stock is owned by insiders.
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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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