Brink’s (NYSE:BCO) Releases Quarterly Earnings Results, Misses Expectations By $0.35 EPS

Brink’s (NYSE:BCO) issued its quarterly earnings data on Wednesday. The business services provider reported $1.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.86 by ($0.35), Briefing.com reports. The business had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.27 billion. Brink’s had a net margin of 2.73% and a return on equity of 69.80%. The business’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.92 earnings per share. Brink’s updated its FY 2024 guidance to 6.500-6.800 EPS and its FY24 guidance to $6.50-6.80 EPS.

Brink’s Trading Down 2.1 %

NYSE BCO traded down $2.17 on Thursday, reaching $100.51. The stock had a trading volume of 324,876 shares, compared to its average volume of 258,665. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 7.78. The stock has a fifty day moving average price of $108.68 and a two-hundred day moving average price of $103.37. Brink’s has a 12-month low of $72.68 and a 12-month high of $115.91. The firm has a market capitalization of $4.44 billion, a price-to-earnings ratio of 34.69 and a beta of 1.44.

Brink’s Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 4th will be given a $0.2425 dividend. The ex-dividend date of this dividend is Monday, November 4th. This represents a $0.97 dividend on an annualized basis and a yield of 0.97%. Brink’s’s payout ratio is currently 32.77%.

Analysts Set New Price Targets

Several research analysts recently issued reports on BCO shares. StockNews.com raised Brink’s from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 16th. Truist Financial reduced their price target on Brink’s from $144.00 to $138.00 and set a “buy” rating for the company in a research report on Thursday. Three investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $120.50.

Brink’s Company Profile

The Brink's Company provides secure transportation, cash management, and other security-related services in North America, Latin America, Europe, and internationally. The company offers armored vehicle transportation of valuables; automated teller machine (ATM) management services, such as cash replenishment, cash forecasting, cash optimization, ATM remote monitoring, service call dispatching, transaction processing, installation, and first line maintenance services; and cash-in-transit services.