Brink’s (NYSE:BCO) – Equities research analysts at Imperial Capital upped their Q2 2018 earnings per share estimates for Brink’s in a report released on Tuesday, April 3rd. Imperial Capital analyst J. Kessler now expects that the business services provider will post earnings of $0.77 per share for the quarter, up from their prior estimate of $0.76. Imperial Capital has a “Outperform” rating and a $100.00 price objective on the stock. Imperial Capital also issued estimates for Brink’s’ FY2019 earnings at $5.25 EPS and FY2020 earnings at $6.23 EPS.
BCO has been the subject of several other reports. Buckingham Research began coverage on shares of Brink’s in a research note on Monday, March 26th. They issued a “buy” rating and a $100.00 target price for the company. Zacks Investment Research upgraded shares of Brink’s from a “hold” rating to a “buy” rating and set a $82.00 target price for the company in a research note on Friday, February 9th. ValuEngine upgraded shares of Brink’s from a “hold” rating to a “buy” rating in a research note on Friday. Sidoti upgraded shares of Brink’s from a “neutral” rating to a “buy” rating in a research note on Thursday, January 11th. Finally, Gabelli upgraded shares of Brink’s from a “hold” rating to a “buy” rating in a research note on Thursday, February 8th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $94.80.
Shares of NYSE:BCO opened at $73.60 on Friday. Brink’s has a 52-week low of $53.15 and a 52-week high of $88.10. The stock has a market capitalization of $3,790.63, a P/E ratio of 24.29, a PEG ratio of 0.95 and a beta of 1.76. The company has a debt-to-equity ratio of 3.37, a current ratio of 1.78 and a quick ratio of 1.78.
Brink’s (NYSE:BCO) last issued its earnings results on Wednesday, February 7th. The business services provider reported $0.95 earnings per share (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 analyst estimates of $851.35 million. During the same quarter last year, the business posted $0.87 earnings per share. The company’s revenue for the quarter was up 12.3% on a year-over-year basis.
A number of institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. raised its holdings in Brink’s by 3.3% in the 4th quarter. BlackRock Inc. now owns 5,669,576 shares of the business services provider’s stock valued at $446,196,000 after acquiring an additional 182,730 shares during the period. Thrivent Financial For Lutherans raised its holdings in Brink’s by 7.3% in the 4th quarter. Thrivent Financial For Lutherans now owns 836,321 shares of the business services provider’s stock valued at $65,818,000 after acquiring an additional 56,986 shares during the period. Vaughan Nelson Investment Management L.P. raised its holdings in Brink’s by 25.6% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 777,025 shares of the business services provider’s stock valued at $61,152,000 after acquiring an additional 158,175 shares during the period. Foundation Asset Management LP raised its holdings in Brink’s by 1.3% in the 4th quarter. Foundation Asset Management LP now owns 546,755 shares of the business services provider’s stock valued at $43,030,000 after acquiring an additional 6,931 shares during the period. Finally, Eagle Asset Management Inc. raised its holdings in Brink’s by 6.4% in the 4th quarter. Eagle Asset Management Inc. now owns 391,248 shares of the business services provider’s stock valued at $30,849,000 after acquiring an additional 23,395 shares during the period. 93.07% of the stock is currently owned by hedge funds and other institutional investors.
In related news, CFO Ronald James Domanico purchased 3,500 shares of the stock in a transaction on Thursday, February 8th. The shares were purchased at an average cost of $72.18 per share, with a total value of $252,630.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Douglas A. Pertz purchased 10,000 shares of the stock in a transaction on Thursday, February 8th. The stock was bought at an average cost of $72.91 per share, for a total transaction of $729,100.00. The disclosure for this purchase can be found here. Insiders purchased a total of 17,500 shares of company stock valued at $1,281,770 over the last quarter. 2.48% of the stock is currently owned by company insiders.
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Brink’s Company Profile
The Brink's Company provides secure transportation, cash management, and other security-related services worldwide. The company offers cash-in-transit services, including armored vehicle transportation of valuables; automated teller machine (ATM) services, such as cash replenishment, replenishment forecasting, cash optimization, ATM remote monitoring, service call dispatching, transaction processing, installation, and first and second line maintenance; and network infrastructure services.
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