The Brink’s (NYSE:BCO) released its earnings results on Tuesday. The business services provider reported $1.64 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.01 by $0.63, MarketWatch Earnings reports. The Brink’s had a positive return on equity of 95.65% and a negative net margin of 0.33%. The firm had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter in the prior year, the company earned $1.18 EPS. The company’s revenue was up 9.2% on a year-over-year basis. The Brink’s updated its FY 2021
Pre-Market guidance to 4.15-5.35 EPS and its FY21 guidance to $4.15 to $5.35 EPS.
BCO stock traded up $4.65 during mid-day trading on Tuesday, reaching $80.65. The company had a trading volume of 12,613 shares, compared to its average volume of 323,870. The company has a market capitalization of $3.99 billion, a price-to-earnings ratio of -313.92 and a beta of 1.53. The Brink’s has a 52 week low of $33.17 and a 52 week high of $86.06. The stock has a 50 day simple moving average of $71.79 and a two-hundred day simple moving average of $58.31. The company has a debt-to-equity ratio of 14.00, a current ratio of 1.46 and a quick ratio of 1.46.
The business also recently declared a quarterly dividend, which will be paid on Monday, March 1st. Investors of record on Monday, February 8th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, February 5th. This represents a $0.60 annualized dividend and a yield of 0.74%. The Brink’s’s dividend payout ratio (DPR) is presently 15.42%.
Several research firms have recently weighed in on BCO. Truist increased their price objective on The Brink’s from $90.00 to $96.00 in a report on Friday, January 15th. Zacks Investment Research cut shares of The Brink’s from a “hold” rating to a “sell” rating in a research note on Friday.
About The Brink’s
The Brink's Company provides secure transportation, cash management, and other security-related services in North America, South America, and internationally. The company offers 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 services; and network infrastructure services.
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