Brink’s Expected to Post Q4 2018 Earnings of $1.01 Per Share (BCO)

Brink’s (NYSE:BCO) – Equities researchers at Imperial Capital boosted their Q4 2018 earnings estimates for Brink’s in a research report issued to clients and investors on Tuesday, October 16th. Imperial Capital analyst J. Kessler now forecasts that the business services provider will post earnings of $1.01 per share for the quarter, up from their previous estimate of $1.00. Imperial Capital also issued estimates for Brink’s’ Q3 2019 earnings at $1.42 EPS, Q4 2019 earnings at $1.61 EPS, FY2019 earnings at $4.94 EPS and FY2020 earnings at $6.38 EPS.

BCO has been the topic of a number of other research reports. Zacks Investment Research lowered Brink’s from a “hold” rating to a “sell” rating in a research report on Friday, July 20th. Berenberg Bank initiated coverage on Brink’s in a research report on Wednesday, September 12th. They issued a “buy” rating and a $90.00 target price on the stock. ValuEngine lowered Brink’s from a “hold” rating to a “sell” rating in a research report on Tuesday, September 4th. SunTrust Banks dropped their target price on Brink’s to $90.00 and set a “buy” rating on the stock in a research report on Monday. Finally, TheStreet lowered Brink’s from a “b-” rating to a “c” rating in a research report on Wednesday, August 1st. Two analysts have rated the stock with a sell rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $94.33.

Shares of Brink’s stock opened at $64.86 on Thursday. Brink’s has a 52-week low of $62.08 and a 52-week high of $88.10. The company has a market capitalization of $3.55 billion, a P/E ratio of 21.41, a PEG ratio of 1.05 and a beta of 1.73. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 4.63.

Brink’s (NYSE:BCO) last announced its earnings results on Wednesday, July 25th. The business services provider reported $0.74 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.05. Brink’s had a positive return on equity of 46.24% and a negative net margin of 3.39%. The business had revenue of $850.00 million for the quarter, compared to analyst estimates of $795.75 million. During the same quarter last year, the firm earned $0.64 EPS. Brink’s’s revenue for the quarter was up 5.5% compared to the same quarter last year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 3rd. Shareholders of record on Friday, November 9th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.93%. The ex-dividend date of this dividend is Thursday, November 8th. Brink’s’s dividend payout ratio (DPR) is 19.80%.

In other Brink’s news, insider Amit Zukerman sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, August 6th. The stock was sold at an average price of $79.41, for a total transaction of $397,050.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Ronald James Domanico purchased 2,000 shares of the stock in a transaction on Friday, September 7th. The shares were bought at an average cost of $69.45 per share, for a total transaction of $138,900.00. The disclosure for this purchase can be found here. 2.48% of the stock is owned by insiders.

Large investors have recently bought and sold shares of the business. Vaughan Nelson Investment Management L.P. increased its position in shares of Brink’s by 36.3% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 1,369,402 shares of the business services provider’s stock worth $109,210,000 after purchasing an additional 364,925 shares during the last quarter. Bank of America Corp DE increased its position in shares of Brink’s by 54.4% during the 2nd quarter. Bank of America Corp DE now owns 354,276 shares of the business services provider’s stock worth $28,253,000 after purchasing an additional 124,829 shares during the last quarter. MetLife Investment Advisors LLC boosted its stake in shares of Brink’s by 5.2% during the 2nd quarter. MetLife Investment Advisors LLC now owns 54,876 shares of the business services provider’s stock worth $4,376,000 after acquiring an additional 2,716 shares during the period. Voya Investment Management LLC boosted its stake in shares of Brink’s by 5.8% during the 2nd quarter. Voya Investment Management LLC now owns 872,825 shares of the business services provider’s stock worth $69,608,000 after acquiring an additional 47,609 shares during the period. Finally, Fuller & Thaler Asset Management Inc. boosted its stake in shares of Brink’s by 20.8% during the 2nd quarter. Fuller & Thaler Asset Management Inc. now owns 1,293,132 shares of the business services provider’s stock worth $103,127,000 after acquiring an additional 222,867 shares during the period. 98.32% of the stock is currently owned by hedge funds and other institutional investors.

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.

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Earnings History and Estimates for Brink`s (NYSE:BCO)

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