Brink's (NYSE:BCO) Issues FY18 Earnings Guidance

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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About Brink's

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 (NYSE:BCO)

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