Brokerages expect that Brink’s Company (The) (NYSE:BCO) will report sales of $821.65 million for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Brink’s Company (The)’s earnings, with the lowest sales estimate coming in at $819.40 million and the highest estimate coming in at $823.90 million. Brink’s Company (The) reported sales of $755.80 million during the same quarter last year, which indicates a positive year-over-year growth rate of 8.7%. The company is expected to report its next quarterly earnings results on Wednesday, October 25th.
On average, analysts expect that Brink’s Company (The) will report full-year sales of $821.65 million for the current fiscal year, with estimates ranging from $3.19 billion to $3.29 billion. For the next year, analysts anticipate that the company will post sales of $3.43 billion per share, with estimates ranging from $3.41 billion to $3.48 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover Brink’s Company (The).
Brink’s Company (The) (NYSE:BCO) last announced its quarterly earnings data on Wednesday, July 26th. The business services provider reported $0.64 EPS for the quarter, beating the consensus estimate of $0.46 by $0.18. The firm had revenue of $806.00 million for the quarter, compared to analyst estimates of $730.87 million. Brink’s Company (The) had a return on equity of 34.49% and a net margin of 2.73%. The company’s revenue was up 9.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.38 EPS.
BCO has been the topic of several research reports. ValuEngine raised Brink’s Company (The) from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Zacks Investment Research raised Brink’s Company (The) from a “hold” rating to a “strong-buy” rating and set a $97.00 target price on the stock in a report on Tuesday. Finally, Imperial Capital raised Brink’s Company (The) from an “in-line” rating to an “outperform” rating and lifted their target price for the stock from $72.00 to $86.00 in a report on Wednesday, August 9th. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $91.50.
In other Brink’s Company (The) news, CAO Mcalister C. Marshall II sold 4,848 shares of the business’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $77.67, for a total transaction of $376,544.16. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Peter A. Feld sold 1,845 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $76.00, for a total value of $140,220.00. The disclosure for this sale can be found here. Insiders have sold 501,415 shares of company stock worth $38,681,954 over the last three months. 10.40% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of BCO. Tower Research Capital LLC TRC increased its stake in Brink’s Company (The) by 285.0% during the second quarter. Tower Research Capital LLC TRC now owns 1,540 shares of the business services provider’s stock worth $103,000 after acquiring an additional 1,140 shares during the last quarter. Daiwa Securities Group Inc. bought a new stake in Brink’s Company (The) during the second quarter worth approximately $114,000. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in Brink’s Company (The) during the first quarter worth approximately $153,000. Seven Eight Capital LP bought a new stake in Brink’s Company (The) during the second quarter worth approximately $154,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Brink’s Company (The) by 93.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,313 shares of the business services provider’s stock worth $155,000 after acquiring an additional 1,118 shares during the last quarter. 89.85% of the stock is currently owned by institutional investors.
Shares of Brink’s Company (BCO) traded up 1.11% during midday trading on Monday, reaching $86.40. The company had a trading volume of 197,868 shares. The stock has a 50-day moving average of $81.10 and a 200 day moving average of $69.31. Brink’s Company has a 52 week low of $36.24 and a 52 week high of $86.75. The firm has a market capitalization of $4.36 billion, a price-to-earnings ratio of 51.43 and a beta of 1.70.
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Brink’s Company (The) 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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