Zacks: Analysts Expect Brink’s (NYSE:BCO) to Post $1.02 EPS

Wall Street brokerages expect Brink’s (NYSE:BCO) to announce $1.02 earnings per share for the current quarter, Zacks reports. Two analysts have made estimates for Brink’s’ earnings, with the lowest EPS estimate coming in at $0.99 and the highest estimate coming in at $1.05. Brink’s reported earnings of $0.91 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 12.1%. The business is expected to announce its next quarterly earnings report before the market opens on Wednesday, October 23rd.

On average, analysts expect that Brink’s will report full-year earnings of $3.85 per share for the current year, with EPS estimates ranging from $3.78 to $3.94. For the next financial year, analysts forecast that the firm will report earnings of $4.65 per share, with EPS estimates ranging from $4.51 to $4.80. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow Brink’s.

Brink’s (NYSE:BCO) last issued its earnings results on Wednesday, July 24th. The business services provider reported $0.84 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.83 by $0.01. The firm had revenue of $914.00 million for the quarter, compared to analyst estimates of $898.98 million. Brink’s had a return on equity of 92.10% and a net margin of 2.20%. The business’s revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.74 earnings per share.

A number of analysts recently issued reports on BCO shares. Zacks Investment Research upgraded Brink’s from a “sell” rating to a “hold” rating in a research note on Thursday, October 10th. ValuEngine lowered Brink’s from a “hold” rating to a “sell” rating in a research note on Thursday, September 5th. Buckingham Research decreased their price objective on Brink’s from $115.00 to $105.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 4th. Finally, Imperial Capital boosted their price objective on Brink’s from $100.00 to $105.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. They noted that the move was a valuation call.

Several large investors have recently added to or reduced their stakes in BCO. Swiss National Bank grew its position in shares of Brink’s by 2.3% in the 1st quarter. Swiss National Bank now owns 92,200 shares of the business services provider’s stock valued at $6,953,000 after purchasing an additional 2,100 shares during the period. NumerixS Investment Technologies Inc grew its position in shares of Brink’s by 63.4% in the 1st quarter. NumerixS Investment Technologies Inc now owns 1,144 shares of the business services provider’s stock valued at $86,000 after purchasing an additional 444 shares during the period. AlphaCrest Capital Management LLC acquired a new position in Brink’s during the 1st quarter worth approximately $314,000. Sit Investment Associates Inc. boosted its position in Brink’s by 24.0% during the 1st quarter. Sit Investment Associates Inc. now owns 48,600 shares of the business services provider’s stock worth $3,665,000 after acquiring an additional 9,400 shares during the last quarter. Finally, Full Sail Capital LLC acquired a new position in Brink’s during the 1st quarter worth approximately $212,000.

Shares of BCO traded up $0.06 during mid-day trading on Friday, hitting $85.65. The stock had a trading volume of 55,620 shares, compared to its average volume of 356,711. The firm has a market cap of $4.28 billion, a P/E ratio of 24.75 and a beta of 1.49. The business has a fifty day moving average price of $80.83 and a 200-day moving average price of $81.54. The company has a debt-to-equity ratio of 7.91, a current ratio of 1.40 and a quick ratio of 1.40. Brink’s has a 52 week low of $59.08 and a 52 week high of $93.81.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 8th will be paid a dividend of $0.15 per share. The ex-dividend date is Thursday, November 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.70%. Brink’s’s payout ratio is 17.34%.

About 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 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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Earnings History and Estimates for Brink`s (NYSE:BCO)

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