Brink’s (BCO) Issues Earnings Results, Beats Estimates By $0.02 EPS

Brink’s (NYSE:BCO) announced its quarterly earnings data on Wednesday. The business services provider reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.02, Bloomberg Earnings reports. The business had revenue of $853.00 million for the quarter, compared to analysts’ expectations of $802.83 million. Brink’s had a net margin of 0.50% and a return on equity of 36.76%. The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period last year, the firm posted $0.57 earnings per share. Brink’s updated its FY18 guidance to $3.65-$3.85 EPS.

Brink’s stock traded down $0.25 during mid-day trading on Thursday, reaching $75.05. The company had a trading volume of 164,627 shares, compared to its average volume of 440,058. Brink’s has a fifty-two week low of $57.95 and a fifty-two week high of $88.10. The company has a debt-to-equity ratio of 3.37, a current ratio of 1.78 and a quick ratio of 1.78. The firm has a market capitalization of $3,775.45, a P/E ratio of 24.67, a P/E/G ratio of 0.96 and a beta of 1.76.

In related news, CEO Douglas A. Pertz bought 10,000 shares of the business’s stock in a transaction on Thursday, February 8th. The shares were 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 Securities & Exchange Commission, which is available through this link. Also, Director George I. Stoeckert bought 2,000 shares of the business’s stock in a transaction on Monday, February 12th. The stock was bought at an average price of $75.87 per share, for a total transaction of $151,740.00. Following the transaction, the director now directly owns 15,714 shares of the company’s stock, valued at $1,192,221.18. The disclosure for this purchase can be found here. Insiders acquired 17,500 shares of company stock worth $1,281,770 in the last 90 days. Company insiders own 2.48% of the company’s stock.

A number of institutional investors have recently modified their holdings of BCO. Virtus Fund Advisers LLC acquired a new position in shares of Brink’s during the fourth quarter worth $146,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Brink’s by 105.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,670 shares of the business services provider’s stock worth $210,000 after purchasing an additional 1,370 shares during the period. Legato Capital Management LLC acquired a new position in shares of Brink’s during the fourth quarter worth $240,000. Tyers Asset Management LLC lifted its holdings in shares of Brink’s by 29.1% during the fourth quarter. Tyers Asset Management LLC now owns 3,408 shares of the business services provider’s stock worth $268,000 after purchasing an additional 768 shares during the period. Finally, Caxton Associates LP acquired a new position in shares of Brink’s during the fourth quarter worth $299,000. Hedge funds and other institutional investors own 92.99% of the company’s stock.

A number of brokerages recently issued reports on BCO. Buckingham Research began coverage on shares of Brink’s in a research note on Monday, March 26th. They issued a “buy” rating and a $100.00 price objective on the stock. Zacks Investment Research raised shares of Brink’s from a “hold” rating to a “buy” rating and set a $82.00 price objective on the stock in a research note on Friday, February 9th. ValuEngine raised shares of Brink’s from a “hold” rating to a “buy” rating in a research note on Friday, April 6th. Imperial Capital reissued an “outperform” rating and issued a $100.00 price objective (up from $86.00) on shares of Brink’s in a research note on Thursday, January 18th. Finally, Sidoti raised shares of Brink’s from a “neutral” rating to a “buy” rating in a research note on Thursday, January 11th. Seven research analysts have rated the stock with a buy rating, Brink’s presently has a consensus rating of “Buy” and an average price target of $94.80.

TRADEMARK VIOLATION NOTICE: This piece was originally reported by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are accessing this piece on another website, it was copied illegally and reposted in violation of US and international copyright and trademark legislation. The legal version of this piece can be accessed at https://www.chaffeybreeze.com/2018/04/26/brinks-bco-issues-earnings-results-beats-estimates-by-0-02-eps.html.

About Brink’s

The Brink's Company provides secure transportation, cash management, and other security-related services worldwide. 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.

Earnings History for Brink`s (NYSE:BCO)

Receive News & Ratings for Brink's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brink's and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply