Brink's Expected to Post FY2019 Earnings of $4.47 Per Share (BCO)

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.

Shares of Brink's (NYSE:BCO) traded up $1.72 during trading hours on Monday, reaching $74.42. The company’s stock had a trading volume of 319,480 shares, compared to its average volume of 445,773. The company has a market capitalization of $3,670.00, a price-to-earnings ratio of 24.60, a P/E/G ratio of 0.95 and a beta of 1.71. The company has a current ratio of 1.89, a quick ratio of 1.21 and a debt-to-equity ratio of 3.66. Brink's has a 1-year low of $47.30 and a 1-year high of $88.10.

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.

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About Brink's

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.

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

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