Analysts forecast that Brink's (NYSE:BCO) will announce $859.35 million in sales for the current quarter, Zacks reports. Two analysts have made estimates for Brink's’ earnings, with the lowest sales estimate coming in at $849.90 million and the highest estimate coming in at $868.80 million. Brink's reported sales of $803.50 million during the same quarter last year, which would suggest a positive year over year growth rate of 7%. The firm is expected to issue its next quarterly earnings results on Wednesday, February 14th.

According to Zacks, analysts expect that Brink's will report full year sales of $859.35 million for the current fiscal year, with estimates ranging from $3.18 billion to $3.21 billion. For the next fiscal year, analysts forecast that the firm will report sales of $3.44 billion per share, with estimates ranging from $3.41 billion to $3.50 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that cover Brink's.

Brink's (NYSE:BCO) last posted its quarterly earnings results on Wednesday, October 25th. The business services provider reported $0.83 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.08. Brink's had a net margin of 2.51% and a return on equity of 35.15%. The company had revenue of $849.50 million for the quarter, compared to the consensus estimate of $841.57 million. During the same period last year, the firm posted $0.64 EPS. The company’s revenue for the quarter was up 12.4% on a year-over-year basis.

Several brokerages have recently issued reports on BCO. Zacks Investment Research cut shares of Brink's from a “buy” rating to a “hold” rating in a report on Wednesday, December 27th. Sidoti restated a “neutral” rating and set a $94.00 price target on shares of Brink's in a report on Friday, December 15th. ValuEngine cut shares of Brink's from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, SunTrust Banks restated a “buy” rating and set a $98.00 price target on shares of Brink's in a report on Wednesday, October 18th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Brink's presently has an average rating of “Hold” and an average price target of $93.75.

In other news, Director George I. Stoeckert purchased 2,700 shares of the company’s stock in a transaction dated Tuesday, December 12th. The shares were bought at an average price of $80.55 per share, with a total value of $217,485.00. Following the completion of the transaction, the director now directly owns 12,014 shares in the company, valued at approximately $967,727.70. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director George I. Stoeckert bought 1,000 shares of the company’s stock in a transaction that occurred on Friday, December 8th. The shares were bought at an average cost of $80.40 per share, for a total transaction of $80,400.00. Following the transaction, the director now directly owns 12,014 shares of the company’s stock, valued at approximately $965,925.60. The disclosure for this purchase can be found here. In the last three months, insiders bought 18,850 shares of company stock worth $1,461,348. Insiders own 10.40% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Tower Research Capital LLC TRC boosted its stake in Brink's by 285.0% during the second quarter. Tower Research Capital LLC TRC now owns 1,540 shares of the business services provider’s stock worth $103,000 after buying an additional 1,140 shares in the last quarter. Cypress Capital Management LLC WY acquired a new stake in Brink's during the third quarter worth $122,000. Meeder Asset Management Inc. acquired a new stake in Brink's during the third quarter worth $128,000. Seven Eight Capital LP acquired a new stake in Brink's during the second quarter worth $154,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Brink's by 93.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,313 shares of the business services provider’s stock valued at $155,000 after purchasing an additional 1,118 shares in the last quarter. 90.55% of the stock is currently owned by institutional investors and hedge funds.

Shares of Brink's (NYSE:BCO) opened at $80.45 on Tuesday. The firm has a market cap of $4,060.00, a PE ratio of 49.66 and a beta of 1.71. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.21 and a quick ratio of 1.21. Brink's has a twelve month low of $41.25 and a twelve month high of $87.30.

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About Brink's

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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Earnings History and Estimates for Brink's (NYSE:BCO)

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