Equities Analysts Decrease Earnings Estimates for Brink’s (NYSE:BCO)

Equities Analysts Decrease Earnings Estimates for Brink’s (NYSE:BCO)

Brink’s (NYSE:BCO) – Analysts at Imperial Capital cut their FY2019 earnings estimates for Brink’s in a research report issued on Thursday, July 25th, according to Zacks Investment Research. Imperial Capital analyst J. Kessler now expects that the business services provider will post earnings per share of $4.27 for the year, down from their prior forecast of $4.30. Imperial Capital currently has a “Outperform” rating and a $105.00 target price on the stock. Imperial Capital also issued estimates for Brink’s’ Q4 2019 earnings at $1.56 EPS, Q1 2020 earnings at $1.00 EPS, Q2 2020 earnings at $1.02 EPS, Q3 2020 earnings at $1.37 EPS and FY2020 earnings at $5.09 EPS.

Brink’s (NYSE:BCO) last released its earnings results on Wednesday, July 24th. The business services provider reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.01. The firm had revenue of $914.00 million for the quarter, compared to analysts’ expectations of $898.98 million. Brink’s had a return on equity of 92.10% and a net margin of 2.20%. The company’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.74 earnings per share.

Separately, Zacks Investment Researchupgraded Brink’s from a “sell” rating to a “hold” rating in a report on Friday, April 26th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Brink’s presently has an average rating of “Buy” and a consensus target price of $95.00.

Shares of NYSE BCO traded down $0.75 during trading hours on Monday, reaching $77.78. The stock had a trading volume of 298,966 shares, compared to its average volume of 348,702. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 7.91. The firm has a market cap of $4.02 billion, a price-to-earnings ratio of 22.48, a P/E/G ratio of 1.32 and a beta of 1.44. The business’s fifty day moving average price is $86.81 and its two-hundred day moving average price is $80.59. Brink’s has a 52-week low of $59.08 and a 52-week high of $93.81.

A number of institutional investors have recently bought and sold shares of BCO. NumerixS Investment Technologies Inc lifted its holdings in Brink’s by 63.4% during the first quarter. NumerixS Investment Technologies Inc now owns 1,144 shares of the business services provider’s stock worth $86,000 after buying an additional 444 shares during the period. Bremer Bank National Association acquired a new position in shares of Brink’s in the 1st quarter valued at $107,000. Kavar Capital Partners LLC acquired a new position in shares of Brink’s in the 2nd quarter valued at $142,000. FNY Investment Advisers LLC acquired a new position in shares of Brink’s in the 1st quarter valued at $150,000. Finally, ETF Managers Group LLC increased its position in shares of Brink’s by 7.9% in the 1st quarter. ETF Managers Group LLC now owns 2,013 shares of the business services provider’s stock valued at $152,000 after acquiring an additional 148 shares during the period. Institutional investors own 99.26% of the company’s stock.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Monday, July 29th will be issued a dividend of $0.15 per share. The ex-dividend date is Friday, July 26th. This represents a $0.60 dividend on an annualized basis and a yield of 0.77%. Brink’s’s dividend payout ratio is currently 17.34%.

About Brink’s

The Brink’s Company provides secure transportation, cash management, and other security-related services in North America, South America, and internationally. 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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