Brink’s (NYSE:BCO) Posts Quarterly Earnings Results, Misses Estimates By $0.28 EPS

Brink’s (NYSE:BCO) announced its quarterly earnings results on Wednesday. The business services provider reported $1.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.28), Briefing.com reports. Brink’s had a return on equity of 71.46% and a net margin of 2.37%. The firm had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.27 billion. During the same period last year, the company posted $1.92 earnings per share. The business’s quarterly revenue was down 3.4% on a year-over-year basis. Brink’s updated its FY 2024 guidance to 6.500-6.800 EPS and its FY24 guidance to $6.50-6.80 EPS.

Brink’s Stock Performance

NYSE BCO opened at $99.64 on Friday. The company has a debt-to-equity ratio of 8.76, a current ratio of 1.57 and a quick ratio of 1.57. The stock’s 50 day simple moving average is $108.28 and its 200-day simple moving average is $103.43. The company has a market cap of $4.40 billion, a PE ratio of 37.74 and a beta of 1.44. Brink’s has a 1-year low of $72.68 and a 1-year high of $115.91.

Brink’s Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 4th will be paid a dividend of $0.2425 per share. The ex-dividend date of this dividend is Monday, November 4th. This represents a $0.97 annualized dividend and a yield of 0.97%. Brink’s’s dividend payout ratio (DPR) is currently 36.74%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on BCO shares. Truist Financial dropped their target price on Brink’s from $144.00 to $138.00 and set a “buy” rating on the stock in a research report on Thursday. StockNews.com upgraded Brink’s from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 16th. Three investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Brink’s presently has a consensus rating of “Buy” and an average target price of $120.50.

Brink’s Company Profile

The Brink's Company provides secure transportation, cash management, and other security-related services in North America, Latin America, Europe, and internationally. The company offers armored vehicle transportation of valuables; automated teller machine (ATM) management services, such as cash replenishment, cash forecasting, cash optimization, ATM remote monitoring, service call dispatching, transaction processing, installation, and first line maintenance services; and cash-in-transit services.