Brink’s (NYSE:BCO) – Stock analysts at Imperial Capital reduced their Q2 2020 earnings estimates for Brink’s in a research note issued on Thursday, June 25th. Imperial Capital analyst J. Kessler now forecasts that the business services provider will earn ($0.09) per share for the quarter, down from their previous estimate of $0.06. Imperial Capital currently has a “Outperform” rating and a $80.00 price target on the stock. Imperial Capital also issued estimates for Brink’s’ FY2020 earnings at $1.55 EPS, Q3 2021 earnings at $1.35 EPS and FY2021 earnings at $4.64 EPS.
Brink’s (NYSE:BCO) last announced its quarterly earnings data on Tuesday, May 5th. The business services provider reported $0.36 EPS for the quarter, missing the Zacks’ consensus estimate of $0.70 by ($0.34). The company had revenue of $873.00 million for the quarter, compared to analysts’ expectations of $939.80 million. Brink’s had a return on equity of 102.15% and a net margin of 0.45%. The business’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.79 EPS.
Several other equities analysts have also commented on BCO. Standpoint Research raised Brink’s from a “hold” rating to a “buy” rating in a report on Monday, May 18th. Zacks Investment Research increased their price target on shares of Brink’s to $77.00 in a research note on Wednesday, June 3rd. Finally, SunTrust Banks dropped their target price on shares of Brink’s from $115.00 to $80.00 and set a “buy” rating on the stock in a research report on Monday, April 20th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $92.20.
Shares of NYSE BCO opened at $45.82 on Monday. The stock’s 50-day moving average is $43.61 and its two-hundred day moving average is $65.43. The company has a debt-to-equity ratio of 21.42, a current ratio of 1.37 and a quick ratio of 1.37. Brink’s has a 1-year low of $33.17 and a 1-year high of $97.12. The company has a market cap of $2.22 billion, a price-to-earnings ratio of 147.81 and a beta of 1.25.
Hedge funds have recently made changes to their positions in the business. William Blair Investment Management LLC lifted its stake in shares of Brink’s by 68.6% during the 1st quarter. William Blair Investment Management LLC now owns 3,887,833 shares of the business services provider’s stock worth $202,362,000 after purchasing an additional 1,581,779 shares during the period. P2 Capital Partners LLC lifted its position in Brink’s by 36.9% during the first quarter. P2 Capital Partners LLC now owns 2,250,756 shares of the business services provider’s stock worth $117,152,000 after buying an additional 606,149 shares during the period. Norges Bank purchased a new position in Brink’s during the fourth quarter worth about $48,432,000. Teacher Retirement System of Texas acquired a new stake in shares of Brink’s in the first quarter worth approximately $16,948,000. Finally, Bank of New York Mellon Corp boosted its position in shares of Brink’s by 55.6% in the first quarter. Bank of New York Mellon Corp now owns 889,518 shares of the business services provider’s stock worth $46,300,000 after acquiring an additional 317,722 shares during the last quarter. Institutional investors own 98.59% of the company’s stock.
In related news, CFO Ronald James Domanico purchased 5,234 shares of the stock in a transaction that occurred on Tuesday, May 12th. The shares were purchased at an average price of $38.02 per share, with a total value of $198,996.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Douglas A. Pertz purchased 5,000 shares of the stock in a transaction that occurred on Wednesday, May 13th. The shares were bought at an average cost of $33.60 per share, for a total transaction of $168,000.00. Following the acquisition, the chief executive officer now owns 380,940 shares of the company’s stock, valued at $12,799,584. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 12,234 shares of company stock worth $435,237. Insiders own 3.24% of the company’s stock.
The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Monday, May 18th were given a dividend of $0.15 per share. The ex-dividend date was Friday, May 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.31%. Brink’s’s dividend payout ratio (DPR) is presently 15.42%.
The Brink's Company provides secure transportation, cash management, and other security-related services in North America, South America, and internationally. The company offers cash-in-transit services, including armored vehicle transportation of valuables; automated teller machine (ATM) services, such as cash replenishment, replenishment forecasting, cash optimization, ATM remote monitoring, service call dispatching, transaction processing, installation, and first and second line maintenance; and network infrastructure services.
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