Analysts Anticipate Brink's (BCO) Will Announce Quarterly Sales of $791.40 Million

Brokerages expect that Brink's (NYSE:BCO) will report $791.40 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Brink's’ earnings, with estimates ranging from $784.40 million to $798.40 million. Brink's reported sales of $788.40 million in the same quarter last year, which indicates a positive year-over-year growth rate of 0.4%. The firm is expected to report its next quarterly earnings report on Wednesday, April 25th.

On average, analysts expect that Brink's will report full-year sales of $791.40 million for the current fiscal year, with estimates ranging from $3.45 billion to $3.47 billion. For the next year, analysts anticipate that the business will post sales of $3.74 billion per share, with estimates ranging from $3.71 billion to $3.78 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that follow Brink's.

Brink's (NYSE:BCO) last announced its quarterly earnings data on Wednesday, February 7th. The business services provider reported $0.95 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.96 by ($0.01). Brink's had a net margin of 0.50% and a return on equity of 36.76%. The firm had revenue of $903.00 million for the quarter, compared to analyst estimates of $851.35 million. During the same quarter in the previous year, the company earned $0.87 EPS. The company’s quarterly revenue was up 12.3% compared to the same quarter last year.

A number of analysts have recently weighed in on BCO shares. SunTrust Banks reiterated a “buy” rating and set a $98.00 price target on shares of Brink's in a research report on Wednesday, October 18th. Gabelli upgraded Brink's from a “hold” rating to a “buy” rating in a research report on Thursday. Sidoti reiterated a “neutral” rating and set a $94.00 price target on shares of Brink's in a research report on Friday, December 15th. Zacks Investment Research cut Brink's from a “buy” rating to a “hold” rating in a research report on Friday, January 19th. Finally, Imperial Capital reiterated an “outperform” rating and set a $100.00 price target (up from $86.00) on shares of Brink's in a research report on Thursday, January 18th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $93.50.

Shares of Brink's (NYSE:BCO) opened at $75.95 on Monday. Brink's has a one year low of $47.30 and a one year high of $88.10. The stock has a market capitalization of $3,834.18, a P/E ratio of 245.00, a price-to-earnings-growth ratio of 0.98 and a beta of 1.71. The company has a current ratio of 1.89, a quick ratio of 1.21 and a debt-to-equity ratio of 3.66.

The business also recently declared 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. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date is Wednesday, February 7th. Brink's’s payout ratio is 193.55%.

In other Brink's news, CEO Douglas A. Pertz bought 10,000 shares of the stock in a transaction that occurred on Thursday, February 8th. The shares were purchased at an average cost of $72.91 per share, for a total transaction of $729,100.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Ronald James Domanico bought 3,500 shares of the stock in a transaction that occurred on Thursday, February 8th. The stock was acquired at an average price of $72.18 per share, for a total transaction of $252,630.00. The disclosure for this purchase can be found here. Insiders have bought a total of 17,200 shares of company stock worth $1,279,615 over the last quarter. Insiders own 10.40% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of BCO. Pictet Asset Management Ltd. increased its position in Brink's by 231.0% in the 3rd quarter. Pictet Asset Management Ltd. now owns 609,000 shares of the business services provider’s stock valued at $51,308,000 after acquiring an additional 425,000 shares during the period. Eagle Asset Management Inc. acquired a new stake in Brink's in the 3rd quarter valued at approximately $31,028,000. DSAM Partners London Ltd acquired a new stake in Brink's in the 3rd quarter valued at approximately $24,800,000. Neuberger Berman Group LLC acquired a new stake in Brink's in the 3rd quarter valued at approximately $17,917,000. Finally, FMR LLC increased its position in Brink's by 40.5% in the 2nd quarter. FMR LLC now owns 653,613 shares of the business services provider’s stock valued at $43,792,000 after acquiring an additional 188,323 shares during the period. Hedge funds and other institutional investors own 89.35% of the company’s stock.

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Brink's Company Profile

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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