Brink’s (NYSE:BCO) – Imperial Capital decreased their FY2018 EPS estimates for shares of Brink’s in a report issued on Wednesday, September 12th. Imperial Capital analyst J. Kessler now anticipates that the business services provider will earn $3.33 per share for the year, down from their previous forecast of $3.79. Imperial Capital also issued estimates for Brink’s’ Q4 2018 earnings at $1.00 EPS, Q1 2019 earnings at $0.98 EPS, Q2 2019 earnings at $1.09 EPS, FY2019 earnings at $4.88 EPS and FY2020 earnings at $6.32 EPS.
Several other research analysts have also issued reports on the company. Zacks Investment Research lowered Brink’s from a “hold” rating to a “sell” rating in a research report on Friday. Berenberg Bank started coverage on Brink’s in a report on Wednesday, September 12th. They set a “buy” rating and a $90.00 price target for the company. ValuEngine downgraded Brink’s from a “hold” rating to a “sell” rating in a report on Tuesday, September 4th. TheStreet downgraded Brink’s from a “b-” rating to a “c” rating in a report on Wednesday, August 1st. Finally, Buckingham Research increased their price target on Brink’s from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, May 31st. Two analysts have rated the stock with a sell rating and six have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $95.67.
Shares of NYSE:BCO opened at $70.40 on Monday. The firm has a market cap of $3.64 billion, a P/E ratio of 23.09, a P/E/G ratio of 1.04 and a beta of 1.73. The company has a debt-to-equity ratio of 4.63, a current ratio of 1.79 and a quick ratio of 1.79. Brink’s has a 12-month low of $67.57 and a 12-month high of $88.10.
Brink’s (NYSE:BCO) last announced its earnings results on Wednesday, July 25th. The business services provider reported $0.74 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.05. The business had revenue of $850.00 million during the quarter, compared to analyst estimates of $795.75 million. Brink’s had a positive return on equity of 46.24% and a negative net margin of 3.39%. Brink’s’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period last year, the company earned $0.64 EPS.
A number of institutional investors have recently modified their holdings of BCO. Vaughan Nelson Investment Management L.P. grew its stake in shares of Brink’s by 36.3% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 1,369,402 shares of the business services provider’s stock valued at $109,210,000 after buying an additional 364,925 shares during the period. BlackRock Inc. grew its stake in shares of Brink’s by 6.0% in the 2nd quarter. BlackRock Inc. now owns 5,615,155 shares of the business services provider’s stock valued at $447,808,000 after buying an additional 319,584 shares during the period. Monarch Partners Asset Management LLC grew its stake in shares of Brink’s by 123.2% in the 2nd quarter. Monarch Partners Asset Management LLC now owns 440,810 shares of the business services provider’s stock valued at $35,155,000 after buying an additional 243,343 shares during the period. Victory Capital Management Inc. acquired a new stake in shares of Brink’s in the 2nd quarter valued at about $17,890,000. Finally, Fuller & Thaler Asset Management Inc. grew its stake in shares of Brink’s by 20.8% in the 2nd quarter. Fuller & Thaler Asset Management Inc. now owns 1,293,132 shares of the business services provider’s stock valued at $103,127,000 after buying an additional 222,867 shares during the period. Hedge funds and other institutional investors own 98.37% of the company’s stock.
In other Brink’s news, insider Amit Zukerman sold 5,000 shares of the stock in a transaction dated Monday, August 6th. The stock was sold at an average price of $79.41, for a total transaction of $397,050.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Ronald James Domanico purchased 2,000 shares of the firm’s stock in a transaction on Friday, September 7th. The shares were acquired at an average price of $69.45 per share, with a total value of $138,900.00. The disclosure for this purchase can be found here. Company insiders own 2.48% of the company’s stock.
The firm also recently declared a quarterly dividend, which was paid on Saturday, September 1st. Shareholders of record on Friday, July 27th were issued a dividend of $0.15 per share. The ex-dividend date was Thursday, July 26th. This represents a $0.60 dividend on an annualized basis and a yield of 0.85%. Brink’s’s payout ratio is currently 19.80%.
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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