Brink's (BCO) Expected to Post Quarterly Sales of $791.40 Million
Wall Street analysts expect that Brink's (NYSE:BCO) will report sales of $791.40 million for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Brink's’ earnings, with the lowest sales estimate coming in at $784.40 million and the highest estimate coming in at $798.40 million. Brink's posted sales of $788.40 million in the same quarter last year, which would indicate a positive year over year growth rate of 0.4%. The company is expected to announce its next quarterly earnings report on Wednesday, April 25th.
On average, analysts expect that Brink's will report full year sales of $791.40 million for the current fiscal year, with estimates ranging from $3.45 billion to $3.47 billion. For the next year, analysts anticipate that the company will post sales of $3.74 billion per share, with estimates ranging from $3.71 billion to $3.78 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Brink's.
Brink's (NYSE:BCO) last announced its quarterly earnings results on Wednesday, February 7th. The business services provider reported $0.95 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.96 by ($0.01). The firm had revenue of $903.00 million for the quarter, compared to analysts’ expectations of $851.35 million. Brink's had a net margin of 0.50% and a return on equity of 36.76%. The company’s quarterly revenue was up 12.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.87 EPS.
Brink's (BCO) opened at $75.95 on Monday. The company has a debt-to-equity ratio of 3.66, a current ratio of 1.89 and a quick ratio of 1.21. Brink's has a 1-year low of $47.30 and a 1-year high of $88.10. The company has a market cap of $3,834.18, a price-to-earnings ratio of 245.00, a price-to-earnings-growth ratio of 0.98 and a beta of 1.71.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders 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 annualized dividend and a yield of 0.79%. Brink's’s dividend payout ratio (DPR) is presently 193.55%.
In related news, CEO Douglas A. Pertz acquired 10,000 shares of the firm’s stock in a transaction on Thursday, February 8th. The stock was acquired at an average cost of $72.91 per share, for a total transaction of $729,100.00. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, CFO Ronald James Domanico acquired 3,500 shares of the firm’s stock in a transaction on Thursday, February 8th. The stock was bought at an average price of $72.18 per share, with a total value of $252,630.00. The disclosure for this purchase can be found here. Insiders acquired a total of 17,200 shares of company stock valued at $1,279,615 over the last 90 days. Company insiders own 10.40% of the company’s stock.
Institutional investors have recently modified their holdings of the stock. AHL Partners LLP bought a new position in shares of Brink's in the 2nd quarter worth about $919,000. JPMorgan Chase & Co. increased its stake in shares of Brink's by 101.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 224,285 shares of the business services provider’s stock worth $18,582,000 after acquiring an additional 112,757 shares in the last quarter. Alps Advisors Inc. increased its stake in shares of Brink's by 126.8% in the 3rd quarter. Alps Advisors Inc. now owns 10,493 shares of the business services provider’s stock worth $884,000 after acquiring an additional 5,866 shares in the last quarter. Cambria Investment Management L.P. bought a new position in shares of Brink's in the 3rd quarter worth about $277,000. Finally, Capital Growth Management LP increased its stake in shares of Brink's by 50.0% in the 3rd quarter. Capital Growth Management LP now owns 15,000 shares of the business services provider’s stock worth $1,264,000 after acquiring an additional 5,000 shares in the last quarter. Institutional investors own 89.35% of the company’s stock.
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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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