Brink’s (NYSE:BCO) Updates FY24 Earnings Guidance

Brink’s (NYSE:BCO) updated its FY24 earnings guidance on Wednesday. The company provided EPS guidance of $6.50-6.80 for the period, compared to the consensus EPS estimate of $7.45. The company issued revenue guidance of $5.0-5.2 billion, compared to the consensus revenue estimate of $5.07 billion. Brink’s also updated its FY 2024 guidance to 6.500-6.800 EPS.

Analyst Upgrades and Downgrades

BCO has been the topic of several recent research reports. StockNews.com raised shares of Brink’s from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 16th. Truist Financial lowered 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 research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Brink’s currently has a consensus rating of “Buy” and a consensus price target of $120.50.

Brink’s Stock Down 0.9 %

Shares of NYSE:BCO traded down $0.94 during trading on Friday, hitting $99.57. 414,752 shares of the company were exchanged, compared to its average volume of 259,385. The firm’s 50 day moving average price is $108.50 and its 200-day moving average price is $103.35. Brink’s has a 12-month low of $72.68 and a 12-month high of $115.91. The company has a debt-to-equity ratio of 7.78, a current ratio of 1.57 and a quick ratio of 1.57. The stock has a market capitalization of $4.39 billion, a P/E ratio of 38.07 and a beta of 1.44.

Brink’s (NYSE:BCO) last announced its earnings results on Wednesday, November 6th. The business services provider reported $1.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.28). The firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.27 billion. Brink’s had a net margin of 2.73% and a return on equity of 69.80%. The firm’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same period last year, the company earned $1.92 earnings per share. On average, research analysts predict that Brink’s will post 7.4 earnings per share for the current fiscal year.

Brink’s Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors 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 annualized dividend and a yield of 0.97%. Brink’s’s dividend payout ratio (DPR) is 36.74%.

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.