SunTrust Banks Analysts Lower Earnings Estimates for Brink's (BCO)

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) opened at $85.85 on Monday. The company has a market cap of $4,333.97, a price-to-earnings ratio of 54.34, a price-to-earnings-growth ratio of 1.10 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 12 month low of $42.28 and a 12 month high of $87.89.

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%.

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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.

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

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