Wall Street brokerages predict that Brink’s (NYSE:BCO) will post earnings per share (EPS) of $0.76 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Brink’s’ earnings, with the lowest EPS estimate coming in at $0.74 and the highest estimate coming in at $0.77. Brink’s reported earnings per share of $0.64 in the same quarter last year, which suggests a positive year over year growth rate of 18.8%. The company is expected to issue its next quarterly earnings results on Wednesday, July 25th.
On average, analysts expect that Brink’s will report full year earnings of $3.77 per share for the current year, with EPS estimates ranging from $3.75 to $3.81. For the next financial year, analysts anticipate that the firm will post earnings of $5.02 per share, with EPS estimates ranging from $4.47 to $5.30. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Brink’s.
Get Brink's alerts:Brink’s (NYSE:BCO) last released its earnings results on Wednesday, April 25th. The business services provider reported $0.65 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.02. The company had revenue of $853.00 million during the quarter, compared to analyst estimates of $802.83 million. Brink’s had a net margin of 0.12% and a return on equity of 39.12%. The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.57 EPS.
BCO has been the subject of several analyst reports. TheStreet raised shares of Brink’s from a “c+” rating to a “b-” rating in a report on Tuesday, June 12th. Zacks Investment Research raised shares of Brink’s from a “hold” rating to a “buy” rating and set a $82.00 target price for the company in a report on Tuesday, April 10th. ValuEngine raised shares of Brink’s from a “hold” rating to a “buy” rating in a report on Friday, April 6th. Finally, Buckingham Research started coverage on shares of Brink’s in a report on Monday, March 26th. They issued a “buy” rating and a $100.00 target price for the company. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $96.80.
Brink’s traded up $1.00, hitting $80.75, during midday trading on Wednesday, MarketBeat Ratings reports. The stock had a trading volume of 400,234 shares, compared to its average volume of 475,567. The firm has a market capitalization of $4.06 billion, a price-to-earnings ratio of 26.67, a P/E/G ratio of 1.08 and a beta of 1.78. Brink’s has a 52-week low of $66.10 and a 52-week high of $88.10. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 3.10.
In other Brink’s news, SVP Rohan Pal sold 1,295 shares of the stock in a transaction that occurred on Friday, June 1st. The shares were sold at an average price of $78.70, for a total transaction of $101,916.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael F. Beech sold 4,625 shares of the stock in a transaction that occurred on Thursday, June 14th. The shares were sold at an average price of $78.67, for a total transaction of $363,848.75. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 33,280 shares of company stock valued at $2,641,009. Insiders own 2.48% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the business. UBS Asset Management Americas Inc. grew its holdings in Brink’s by 5.1% during the 4th quarter. UBS Asset Management Americas Inc. now owns 35,327 shares of the business services provider’s stock valued at $2,780,000 after buying an additional 1,714 shares in the last quarter. Liberty Mutual Group Asset Management Inc. bought a new position in shares of Brink’s during the 4th quarter valued at approximately $1,009,000. Caisse DE Depot ET Placement DU Quebec bought a new position in shares of Brink’s during the 4th quarter valued at approximately $4,329,000. Guggenheim Capital LLC boosted its position in shares of Brink’s by 1,784.5% during the 4th quarter. Guggenheim Capital LLC now owns 107,077 shares of the business services provider’s stock valued at $8,427,000 after acquiring an additional 101,395 shares during the last quarter. Finally, BlackRock Inc. boosted its position in shares of Brink’s by 3.3% during 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 last quarter. 90.93% of the stock is owned by institutional investors and hedge funds.
About Brink’s
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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