Brink's Company (NYSE:BCO) – SunTrust Banks decreased their Q2 2017 earnings per share (EPS) estimates for Brink's Company in a report released on Tuesday, according to Zacks Investment Research. SunTrust Banks analyst T. Sommer now anticipates that the business services provider will earn $0.50 per share for the quarter, down from their previous forecast of $0.66. SunTrust Banks currently has a “Buy” rating on the stock. SunTrust Banks also issued estimates for Brink's Company’s Q3 2017 earnings at $0.68 EPS, Q3 2018 earnings at $0.72 EPS and Q4 2018 earnings at $0.97 EPS.
Brink's Company (NYSE:BCO) last released its earnings results on Wednesday, February 8th. The business services provider reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.15. The company earned $768 million during the quarter, compared to analyst estimates of $735.34 million. Brink's Company had a return on equity of 29.99% and a net margin of 1.14%. Brink's Company’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.55 earnings per share. ILLEGAL ACTIVITY NOTICE: This piece was published by Chaffey Breeze and is owned by of Chaffey Breeze. If you are viewing this piece on another site, it was stolen and republished in violation of US & international copyright and trademark law. The original version of this piece can be read at https://www.chaffeybreeze.com/2017/04/21/suntrust-banks-comments-on-brinks-companys-q2-2017-earnings-bco-updated.html.
Other equities research analysts have also recently issued research reports about the stock. Zacks Investment Research cut shares of Brink's Company from a “hold” rating to a “strong sell” rating in a research report on Friday, February 10th. Imperial Capital upped their price target on shares of Brink's Company to $52.00 and gave the stock an “in-line” rating in a research report on Thursday, February 9th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $44.67.
Brink's Company (NYSE:BCO) opened at 57.10 on Thursday. The company has a market capitalization of $2.86 billion, a price-to-earnings ratio of 83.24 and a beta of 1.40. The stock has a 50 day moving average price of $53.65 and a 200 day moving average price of $45.42. Brink's Company has a 12-month low of $26.86 and a 12-month high of $57.90.
In other news, insider Douglas A. Pertz bought 7,729 shares of the firm’s stock in a transaction that occurred on Wednesday, March 15th. The stock was bought at an average price of $52.30 per share, with a total value of $404,226.70. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Amit Zukerman sold 10,000 shares of the stock in a transaction that occurred on Friday, March 3rd. The shares were sold at an average price of $52.55, for a total transaction of $525,500.00. The disclosure for this sale can be found here. In the last three months, insiders have purchased 55,000 shares of company stock valued at $2,861,769 and have sold 1,560,966 shares valued at $81,481,118. Corporate insiders own 11.29% of the company’s stock.
A number of large investors have recently bought and sold shares of the stock. Norges Bank purchased a new stake in Brink's Company during the fourth quarter worth approximately $19,681,000. Columbus Circle Investors purchased a new stake in Brink's Company during the first quarter worth approximately $24,173,000. Highbridge Capital Management LLC boosted its stake in Brink's Company by 3,717.7% in the third quarter. Highbridge Capital Management LLC now owns 421,479 shares of the business services provider’s stock worth $15,628,000 after buying an additional 410,439 shares during the last quarter. Foundation Asset Management LP purchased a new stake in Brink's Company during the fourth quarter worth approximately $15,993,000. Finally, Russell Investments Group Ltd. bought a new position in Brink's Company during the fourth quarter worth about $6,822,000. 93.20% of the stock is owned by institutional investors.
Brink's Company Company Profile
The Brink’s Company (Brink’s) is a provider of logistics and security solutions. The Company operates through nine segments: U.S., France, Mexico, Brazil, Canada, Latin America, EMEA, Asia and Payment Services. The Company’s solutions include cash-in-transit (CIT), automated teller machine (ATM) replenishment and maintenance, cash management services, including vault outsourcing, money processing, and intelligent safe services, international transportation of valuables, and payment services.
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