Brink’s (NYSE:BCO) Announces Earnings Results, Beats Estimates By $0.01 EPS

Brink’s (NYSE:BCO) announced its quarterly earnings results on Wednesday. The business services provider reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.01, reports. Brink’s had a return on equity of 92.10% and a net margin of 2.20%. The company had revenue of $925.00 million for the quarter, compared to the consensus estimate of $931.08 million. During the same quarter in the previous year, the business earned $0.95 EPS. Brink’s’s revenue was up 8.6% compared to the same quarter last year. Brink’s updated its FY 2019 guidance to $3.90-4.10 EPS and its FY19 guidance to $3.90-4.10 EPS.

NYSE:BCO traded up $1.28 during mid-day trading on Thursday, reaching $85.06. 2,802 shares of the company’s stock traded hands, compared to its average volume of 285,735. Brink’s has a 12-month low of $59.08 and a 12-month high of $93.81. The firm has a market capitalization of $4.33 billion, a price-to-earnings ratio of 24.59 and a beta of 1.49. The company has a debt-to-equity ratio of 7.91, a current ratio of 1.40 and a quick ratio of 1.40. The company has a 50 day moving average price of $82.13 and a 200-day moving average price of $81.79.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 8th will be issued 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 yield of 0.71%. Brink’s’s dividend payout ratio is presently 17.34%.

BCO has been the topic of a number of research analyst reports. Buckingham Research reduced their price target on Brink’s from $115.00 to $105.00 and set a “neutral” rating on the stock in a report on Wednesday, September 4th. Imperial Capital boosted their price target on Brink’s from $100.00 to $105.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. They noted that the move was a valuation call. Zacks Investment Research upgraded Brink’s from a “sell” rating to a “hold” rating in a report on Thursday, October 10th. Finally, ValuEngine downgraded Brink’s from a “hold” rating to a “sell” rating in a report on Thursday, September 5th.

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 for Brink`s (NYSE:BCO)

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