The Brink’s (NYSE:BCO) Issues Quarterly Earnings Results, Beats Expectations By $0.63 EPS

The Brink’s (NYSE:BCO) released its quarterly earnings results on Tuesday. The business services provider reported $1.64 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.01 by $0.63, MarketWatch Earnings reports. The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.01 billion. The Brink’s had a positive return on equity of 95.65% and a negative net margin of 0.33%. The company’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same quarter last year, the business posted $1.18 EPS. 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.

Shares of NYSE BCO traded up $4.62 during midday trading on Tuesday, reaching $80.62. The company’s stock had a trading volume of 13,129 shares, compared to its average volume of 323,870. The Brink’s has a fifty-two week low of $33.17 and a fifty-two week high of $86.06. The company has a market cap of $3.99 billion, a P/E ratio of -313.92 and a beta of 1.53. The company has a debt-to-equity ratio of 14.00, a quick ratio of 1.46 and a current ratio of 1.46. The business’s 50 day moving average price is $71.79 and its two-hundred day moving average price is $58.31.

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 1st. Stockholders of record on Monday, February 8th will be given a $0.15 dividend. The ex-dividend date of this dividend is Friday, February 5th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.74%. The Brink’s’s payout ratio is 15.42%.

A number of equities analysts recently commented on BCO shares. Truist lifted their price target on The Brink’s from $90.00 to $96.00 in a report on Friday, January 15th. Zacks Investment Research cut The Brink’s from a “hold” rating to a “sell” rating in a report on Friday.

The Brink’s Company Profile

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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Earnings History for The Brink`s (NYSE:BCO)

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