Brink's (NYSE:BCO) – Investment analysts at Imperial Capital issued their FY2020 earnings estimates for shares of Brink's in a research note issued to investors on Thursday. Imperial Capital analyst J. Kessler anticipates that the business services provider will post earnings per share of $5.62 for the year. Imperial Capital currently has a “Outperform” rating and a $100.00 target price on the stock.
A number of other research firms also recently commented on BCO. SunTrust Banks reissued a “buy” rating and set a $98.00 target price on shares of Brink's in a research report on Wednesday, October 18th. Sidoti reissued a “neutral” rating and set a $94.00 target price on shares of Brink's in a research report on Friday, December 15th. Zacks Investment Research downgraded shares of Brink's from a “buy” rating to a “hold” rating in a research report on Friday. Finally, ValuEngine downgraded shares of Brink's from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $97.25.
Brink's (NYSE:BCO) last posted its quarterly earnings results on Wednesday, October 25th. The business services provider reported $0.83 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.08. The company had revenue of $849.50 million for the quarter, compared to the consensus estimate of $841.57 million. Brink's had a net margin of 2.51% and a return on equity of 35.15%. The firm’s revenue was up 12.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.64 EPS.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Thursday, February 8th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date is Wednesday, February 7th. Brink's’s dividend payout ratio (DPR) is 37.97%.
In other news, Director George I. Stoeckert acquired 1,000 shares of the business’s stock in a transaction dated Friday, December 8th. The shares were purchased at an average price of $80.40 per share, with a total value of $80,400.00. Following the transaction, the director now directly owns 12,014 shares in the company, valued at $965,925.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director George I. Stoeckert acquired 2,700 shares of the business’s stock in a transaction dated Tuesday, December 12th. The stock was purchased at an average cost of $80.55 per share, for a total transaction of $217,485.00. Following the transaction, the director now owns 12,014 shares in the company, valued at $967,727.70. The disclosure for this purchase can be found here. Insiders have acquired a total of 18,850 shares of company stock worth $1,461,348 in the last three months. Insiders own 10.40% of the company’s stock.
Several institutional investors have recently modified their holdings of the company. Cypress Capital Management LLC WY acquired a new stake in Brink's in the 3rd quarter worth approximately $122,000. Meeder Asset Management Inc. acquired a new stake in Brink's in the 3rd quarter worth approximately $128,000. Tower Research Capital LLC TRC boosted its stake in Brink's by 285.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,540 shares of the business services provider’s stock worth $103,000 after purchasing an additional 1,140 shares in the last quarter. Riverhead Capital Management LLC boosted its stake in Brink's by 51.8% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,429 shares of the business services provider’s stock worth $163,000 after purchasing an additional 829 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in Brink's by 493.8% in the 2nd quarter. PNC Financial Services Group Inc. now owns 2,678 shares of the business services provider’s stock worth $180,000 after purchasing an additional 2,227 shares in the last quarter. 90.64% of the stock is currently owned by hedge funds and other institutional investors.
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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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