Brink's (BCO) Releases FY18 Earnings Guidance
Brink's (NYSE:BCO) issued an update on its FY18 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $3.65-3.85 for the period, compared to the Thomson Reuters consensus estimate of $3.76. The company issued revenue guidance of approx $3.45 billion, compared to the consensus revenue estimate of $3.49 billion.
Shares of Brink's (NYSE:BCO) opened at $73.10 on Friday. The company has a market cap of $3,786.25, a price-to-earnings ratio of 25.08, a price-to-earnings-growth ratio of 0.98 and a beta of 1.71. The company has a debt-to-equity ratio of 3.66, a quick ratio of 1.21 and a current ratio of 1.89. Brink's has a 1 year low of $47.30 and a 1 year high of $88.10.
Brink's (NYSE:BCO) last released 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 for the quarter, compared to analyst estimates of $851.35 million. Brink's had a return on equity of 36.76% and a net margin of 0.50%. The company’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same period last year, the firm earned $0.87 EPS. sell-side analysts predict that Brink's will post 3.71 earnings per share for the current fiscal year.
BCO has been the subject of several research reports. SunTrust Banks reaffirmed a buy rating and set a $98.00 price target on shares of Brink's in a research note on Wednesday, October 18th. Sidoti initiated coverage on Brink's in a research note on Friday, October 20th. They set a buy rating for the company. ValuEngine downgraded Brink's from a buy rating to a hold rating in a research note on Friday, December 1st. Zacks Investment Research downgraded Brink's from a buy rating to a hold rating in a research note on Wednesday, December 27th. Finally, Imperial Capital reaffirmed an outperform rating and set a $100.00 price target (up previously from $86.00) on shares of Brink's in a research note on Thursday, January 18th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Brink's has a consensus rating of Buy and a consensus target price of $97.25.
In other news, Director George I. Stoeckert bought 1,000 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The stock was purchased at an average price of $80.40 per share, with a total value of $80,400.00. Following the purchase, the director now owns 12,014 shares of the company’s stock, valued at approximately $965,925.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Douglas A. Pertz bought 10,000 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The stock was purchased at an average cost of $72.91 per share, with a total value of $729,100.00. The disclosure for this purchase can be found here. Insiders have bought a total of 13,700 shares of company stock valued at $1,026,985 in the last ninety days. Corporate insiders own 10.40% of the company’s stock.
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Brink's 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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