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 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.
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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.
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