Brink's (NYSE:BCO) – Equities researchers at SunTrust Banks cut their FY2017 EPS estimates for shares of Brink's in a report released on Thursday. SunTrust Banks analyst T. Sommer now forecasts that the business services provider will post earnings per share of $2.88 for the year, down from their previous estimate of $3.02. SunTrust Banks has a “Buy” rating and a $98.00 price target on the stock. SunTrust Banks also issued estimates for Brink's’ Q4 2017 earnings at $0.84 EPS.
Several other equities research analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of Brink's from a “buy” rating to a “hold” rating in a research report on Friday. Sidoti raised shares of Brink's from a “neutral” rating to a “buy” rating in a research report on Thursday, January 11th. ValuEngine cut shares of Brink's from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Finally, Imperial Capital lifted their price objective on shares of Brink's from $86.00 to $100.00 and gave the stock an “outperform” rating in a research report on Thursday. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average 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 business had revenue of $849.50 million during 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 company’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.64 earnings per share.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Ameritas Investment Partners Inc. lifted its position in Brink's by 3.5% in the second quarter. Ameritas Investment Partners Inc. now owns 4,027 shares of the business services provider’s stock valued at $270,000 after acquiring an additional 136 shares during the last quarter. Amalgamated Bank lifted its position in Brink's by 6.3% in the second quarter. Amalgamated Bank now owns 6,335 shares of the business services provider’s stock valued at $424,000 after acquiring an additional 378 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in Brink's by 1.8% in the second quarter. The Manufacturers Life Insurance Company now owns 35,406 shares of the business services provider’s stock valued at $2,372,000 after acquiring an additional 635 shares during the last quarter. California Public Employees Retirement System lifted its position in Brink's by 0.5% in the third quarter. California Public Employees Retirement System now owns 141,209 shares of the business services provider’s stock valued at $11,897,000 after acquiring an additional 652 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky lifted its position in Brink's by 2.7% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 26,192 shares of the business services provider’s stock valued at $2,206,000 after acquiring an additional 700 shares during the last quarter. 90.55% of the stock is owned by hedge funds and other institutional investors.
In other news, insider Douglas A. Pertz acquired 6,570 shares of the firm’s stock in a transaction dated Thursday, November 2nd. The stock was acquired at an average cost of $76.18 per share, with a total value of $500,502.60. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director George I. Stoeckert acquired 2,700 shares of the firm’s stock in a transaction dated Tuesday, December 12th. The shares were purchased at an average cost of $80.55 per share, with a total value of $217,485.00. Following the completion of the transaction, the director now owns 12,014 shares in the company, valued at approximately $967,727.70. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 18,850 shares of company stock valued at $1,461,348. Corporate insiders own 10.40% of the company’s stock.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Thursday, February 8th will be given a dividend of $0.15 per share. The ex-dividend date is Wednesday, February 7th. This represents a $0.60 annualized dividend and a dividend yield of 0.70%. Brink's’s dividend payout ratio (DPR) is currently 37.97%.
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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