Brink’s Company (The) (NYSE:BCO) Set to Announce Quarterly Earnings on Wednesday
Brink’s Company (The) (NYSE:BCO) is scheduled to be posting its quarterly earnings results before the market opens on Wednesday, July 26th. Analysts expect Brink’s Company (The) to post earnings of $0.46 per share for the quarter. Brink’s Company (The) has set its FY17 guidance at $2.55-2.65 EPS.
Brink’s Company (The) (NYSE:BCO) last issued its earnings results on Wednesday, April 26th. The business services provider reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.18. Brink’s Company (The) had a return on equity of 32.57% and a net margin of 2.34%. The company had revenue of $788.40 million for the quarter, compared to analyst estimates of $696.06 million. During the same period in the prior year, the firm earned $0.31 earnings per share. Brink’s Company (The)’s revenue for the quarter was up 9.2% on a year-over-year basis. On average, analysts expect Brink’s Company (The) to post $2.67 EPS for the current fiscal year and $3.23 EPS for the next fiscal year.
Brink’s Company (NYSE:BCO) opened at 70.00 on Wednesday. Brink’s Company has a 12 month low of $29.87 and a 12 month high of $70.60. The firm has a market capitalization of $3.53 billion, a price-to-earnings ratio of 49.54 and a beta of 1.68. The stock’s 50 day moving average price is $66.54 and its 200-day moving average price is $56.24.
Brink’s Company (The) announced that its board has authorized a stock buyback plan on Monday, May 8th that permits the company to buyback $200.00 million in outstanding shares. This buyback authorization permits the business services provider to purchase up to 6.4% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Thursday, July 27th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, July 25th. This represents a $0.60 annualized dividend and a dividend yield of 0.86%. Brink’s Company (The)’s dividend payout ratio is presently 42.55%.
In other Brink’s Company (The) news, insider Thomas Colan sold 935 shares of the business’s stock in a transaction on Tuesday, May 9th. The stock was sold at an average price of $62.30, for a total value of $58,250.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Michael J. Herling sold 2,000 shares of the business’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $61.06, for a total value of $122,120.00. Following the completion of the sale, the director now directly owns 2,980 shares in the company, valued at $181,958.80. The disclosure for this sale can be found here. Insiders have sold 1,614,888 shares of company stock worth $101,011,489 over the last 90 days. 10.40% of the stock is currently owned by corporate insiders.
Several research firms recently weighed in on BCO. Imperial Capital lifted their price target on Brink’s Company (The) from $65.00 to $72.00 and gave the company an “outperform” rating in a research report on Monday. Zacks Investment Research upgraded Brink’s Company (The) from a “hold” rating to a “buy” rating and set a $68.00 price target on the stock in a research report on Tuesday, May 2nd. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $59.33.
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About Brink’s Company (The)
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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