Brink's (NYSE:BCO) – Equities research analysts at SunTrust Banks boosted their FY2019 earnings per share (EPS) estimates for shares of Brink's in a research report issued on Thursday. SunTrust Banks analyst T. Sommer now forecasts that the business services provider will post earnings per share of $4.47 for the year, up from their prior estimate of $4.05. SunTrust Banks has a “Buy” rating and a $98.00 price target on the stock.
Several other research analysts have also issued reports on BCO. Sidoti started coverage on Brink's in a report on Friday, October 20th. They issued a “buy” rating on the stock. ValuEngine lowered Brink's from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Zacks Investment Research lowered Brink's from a “buy” rating to a “hold” rating in a report on Wednesday, December 27th. Imperial Capital reiterated an “outperform” rating and issued a $100.00 price target (up previously from $86.00) on shares of Brink's in a report on Thursday, January 18th. Finally, Gabelli upgraded Brink's from a “hold” rating to a “buy” rating in a report on Thursday, February 8th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $93.50.
Brink's (NYSE:BCO) last announced its quarterly earnings results on Wednesday, February 7th. The business services provider reported $0.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.96 by ($0.01). The firm had revenue of $903.00 million during the quarter, compared to the consensus estimate of $851.35 million. Brink's had a return on equity of 36.76% and a net margin of 0.50%. The firm’s revenue was up 12.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.87 EPS.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Thursday, February 8th will be issued a $0.15 dividend. The ex-dividend date is Wednesday, February 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.81%. Brink's’s dividend payout ratio is presently 19.80%.
In related news, Director George I. Stoeckert bought 2,700 shares of the company’s stock in a transaction dated Tuesday, December 12th. The shares were bought at an average price of $80.55 per share, for a total transaction of $217,485.00. Following the completion of the acquisition, the director now directly owns 12,014 shares of the company’s stock, valued at $967,727.70. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Douglas A. Pertz bought 10,000 shares of the company’s stock in a transaction dated Thursday, February 8th. The stock was bought at an average price of $72.91 per share, for a total transaction of $729,100.00. The disclosure for this purchase can be found here. Insiders bought 19,200 shares of company stock worth $1,431,355 in the last 90 days. Corporate insiders own 10.40% of the company’s stock.
Several hedge funds have recently bought and sold shares of the company. Cypress Capital Management LLC WY purchased a new stake in shares of Brink's during the third quarter valued at approximately $122,000. Meeder Asset Management Inc. purchased a new stake in shares of Brink's during the third quarter valued at approximately $128,000. Virtus Fund Advisers LLC purchased a new stake in shares of Brink's during the fourth quarter valued at approximately $146,000. PNC Financial Services Group Inc. increased its position in shares of Brink's by 493.8% during the second quarter. PNC Financial Services Group Inc. now owns 2,678 shares of the business services provider’s stock valued at $180,000 after acquiring an additional 2,227 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position 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 valued at $210,000 after acquiring an additional 1,370 shares during the last quarter. Institutional investors own 88.13% of the company’s stock.
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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