Brokerages forecast that Brink’s (NYSE:BCO) will announce earnings of $0.60 per share for the current quarter, according to Zacks. Two analysts have issued estimates for Brink’s’ earnings, with estimates ranging from $0.54 to $0.65. Brink’s posted earnings per share of $0.57 in the same quarter last year, which would suggest a positive year over year growth rate of 5.3%. The company is expected to announce its next quarterly earnings report before the market opens on Wednesday, April 25th.
On average, analysts expect that Brink’s will report full year earnings of $3.78 per share for the current fiscal year, with EPS estimates ranging from $3.68 to $3.85. For the next year, analysts expect that the firm will report earnings of $4.85 per share, with EPS estimates ranging from $4.47 to $5.25. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for Brink’s.
Brink’s (NYSE:BCO) last released its quarterly earnings data on Wednesday, February 7th. The business services provider reported $0.95 EPS for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.01). The company had revenue of $903.00 million during the quarter, compared to the consensus estimate of $851.35 million. Brink’s had a net margin of 0.50% and a return on equity of 36.76%. The company’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.87 EPS.
A number of research firms recently commented on BCO. ValuEngine upgraded Brink’s from a “hold” rating to a “buy” rating in a report on Friday, April 6th. Zacks Investment Research upgraded Brink’s from a “hold” rating to a “buy” rating and set a $82.00 price objective for the company in a report on Tuesday, April 10th. Sidoti upgraded Brink’s from a “neutral” rating to a “buy” rating in a report on Thursday, January 11th. Buckingham Research began coverage on Brink’s in a report on Monday, March 26th. They issued a “buy” rating and a $100.00 price objective for the company. Finally, Gabelli upgraded Brink’s from a “hold” rating to a “buy” rating in a report on Thursday, February 8th. Seven equities research analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and an average price target of $94.80.
In other Brink’s news, CFO Ronald James Domanico bought 3,500 shares of the firm’s stock in a transaction on Thursday, February 8th. The stock was purchased at an average cost of $72.18 per share, with a total value of $252,630.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director George I. Stoeckert bought 2,000 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was acquired at an average cost of $75.87 per share, with a total value of $151,740.00. Following the completion of the purchase, the director now owns 15,714 shares of the company’s stock, valued at approximately $1,192,221.18. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 17,500 shares of company stock valued at $1,281,770. Insiders own 2.48% of the company’s stock.
Several hedge funds have recently bought and sold shares of BCO. Virtus Fund Advisers LLC acquired a new position in shares of Brink’s during the fourth quarter worth about $146,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Brink’s by 105.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,670 shares of the business services provider’s stock worth $210,000 after acquiring an additional 1,370 shares in the last quarter. Legato Capital Management LLC bought a new stake in Brink’s during the fourth quarter worth about $240,000. Tyers Asset Management LLC raised its holdings in Brink’s by 29.1% during the fourth quarter. Tyers Asset Management LLC now owns 3,408 shares of the business services provider’s stock worth $268,000 after acquiring an additional 768 shares in the last quarter. Finally, Caxton Associates LP bought a new stake in Brink’s during the fourth quarter worth about $299,000. 93.09% of the stock is owned by institutional investors.
NYSE BCO traded down $0.40 on Thursday, reaching $76.00. The company had a trading volume of 217,443 shares, compared to its average volume of 444,069. The company has a market capitalization of $3,833.61, a PE ratio of 25.08, a P/E/G ratio of 0.97 and a beta of 1.76. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 3.37. Brink’s has a 52 week low of $56.30 and a 52 week high of $88.10.
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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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