Analysts expect Brink's (NYSE:BCO) to announce $791.40 million in sales for the current quarter, Zacks reports. Two analysts have made estimates for Brink's’ earnings, with the highest sales estimate coming in at $798.40 million and the lowest estimate coming in at $784.40 million. Brink's posted sales of $788.40 million during the same quarter last year, which would indicate a positive year over year growth rate of 0.4%. The business is expected to report its next quarterly earnings results on Wednesday, April 25th.
According to Zacks, analysts expect that Brink's will report full year sales of $791.40 million for the current fiscal year, with estimates ranging from $3.45 billion to $3.47 billion. For the next year, analysts forecast that the company will post sales of $3.74 billion per share, with estimates ranging from $3.71 billion to $3.78 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for Brink's.
Brink's (NYSE:BCO) last announced its quarterly earnings results on Wednesday, February 7th. The business services provider reported $0.95 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.96 by ($0.01). The firm had revenue of $903.00 million for the quarter, compared to analyst estimates of $851.35 million. Brink's had a return on equity of 36.76% and a net margin of 0.50%. The firm’s quarterly revenue was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.87 EPS.
Shares of Brink's (NYSE BCO) traded up $1.75 during midday trading on Monday, hitting $75.65. 470,816 shares of the stock were exchanged, compared to its average volume of 461,629. The firm has a market cap of $3,820.00, a P/E ratio of 24.97, a P/E/G ratio of 0.95 and a beta of 1.71. The company has a debt-to-equity ratio of 3.66, a current ratio of 1.89 and a quick ratio of 1.21. Brink's has a fifty-two week low of $47.30 and a fifty-two week high of $88.10.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Thursday, February 8th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, February 7th. This represents a $0.60 annualized dividend and a yield of 0.79%. Brink's’s dividend payout ratio (DPR) is presently 19.80%.
In related news, CEO Douglas A. Pertz bought 10,000 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The stock was purchased at an average price of $72.91 per share, for a total transaction of $729,100.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director George I. Stoeckert bought 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 14th. The stock was bought at an average price of $74.15 per share, with a total value of $148,300.00. Following the acquisition, the director now directly owns 17,714 shares in the company, valued at approximately $1,313,493.10. The disclosure for this purchase can be found here. Insiders purchased a total of 21,200 shares of company stock valued at $1,579,655 in the last quarter. 10.40% of the stock is owned by insiders.
A number of institutional investors have recently bought and sold shares of the stock. AHL Partners LLP acquired a new position in shares of Brink's in the second quarter worth $919,000. JPMorgan Chase & Co. grew its stake in shares of Brink's by 101.1% in the third quarter. JPMorgan Chase & Co. now owns 224,285 shares of the business services provider’s stock worth $18,582,000 after acquiring an additional 112,757 shares in the last quarter. Alps Advisors Inc. grew its stake in shares of Brink's by 126.8% in the third quarter. Alps Advisors Inc. now owns 10,493 shares of the business services provider’s stock worth $884,000 after acquiring an additional 5,866 shares in the last quarter. Capital Growth Management LP grew its stake in shares of Brink's by 50.0% in the third quarter. Capital Growth Management LP now owns 15,000 shares of the business services provider’s stock worth $1,264,000 after acquiring an additional 5,000 shares in the last quarter. Finally, ING Groep NV acquired a new position in shares of Brink's in the third quarter worth $521,000. Hedge funds and other institutional investors own 88.13% of the company’s stock.
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Brink's 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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