FY2019 EPS Estimates for Brink's (BCO) Lifted by SunTrust Banks

Brink's (NYSE:BCO) – Stock analysts at SunTrust Banks boosted their FY2019 EPS estimates for shares of Brink's in a research report issued to clients and investors on Thursday. SunTrust Banks analyst T. Sommer now expects that the business services provider will post earnings of $4.47 per share for the year, up from their previous forecast of $4.05. SunTrust Banks has a “Buy” rating and a $98.00 price objective on the stock.

Several other research firms have also recently commented on BCO. Sidoti assumed coverage on shares of Brink's in a report on Friday, October 20th. They set a “buy” rating for the company. Zacks Investment Research cut shares of Brink's from a “buy” rating to a “hold” rating in a report on Friday, January 19th. Imperial Capital reiterated an “outperform” rating and set a $100.00 price target (up previously from $86.00) on shares of Brink's in a report on Thursday, January 18th. ValuEngine cut shares of Brink's from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, Gabelli upgraded shares of Brink's from a “hold” rating to a “buy” rating in a report on Thursday. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Brink's presently has an average rating of “Buy” and an average price target of $93.50.

Brink's (NYSE BCO) opened at $75.95 on Monday. The company has a current ratio of 1.89, a quick ratio of 1.21 and a debt-to-equity ratio of 3.66. Brink's has a twelve month low of $47.30 and a twelve month high of $88.10. The company has a market cap of $3,834.21, a P/E ratio of 245.00, a price-to-earnings-growth ratio of 0.98 and a beta of 1.71.

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

A number of hedge funds have recently added to or reduced their stakes in BCO. PNC Financial Services Group Inc. raised its position 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 valued at $180,000 after purchasing an additional 2,227 shares during the last quarter. UBS Asset Management Americas Inc. raised its position in Brink's by 3.9% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 31,861 shares of the business services provider’s stock valued at $2,135,000 after purchasing an additional 1,210 shares during the last quarter. FMR LLC raised 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 purchasing an additional 188,323 shares during the last quarter. Voya Investment Management LLC raised its position in Brink's by 9.4% in the 2nd quarter. Voya Investment Management LLC now owns 21,260 shares of the business services provider’s stock valued at $1,424,000 after purchasing an additional 1,820 shares during the last quarter. Finally, AHL Partners LLP purchased a new stake in Brink's in the 2nd quarter valued at $919,000. Hedge funds and other institutional investors own 88.13% of the company’s stock.

In related news, Director George I. Stoeckert acquired 2,700 shares of Brink's stock in a transaction dated Tuesday, December 12th. The stock was acquired at an average price of $80.55 per share, for a total transaction of $217,485.00. Following the transaction, the director now owns 12,014 shares of the company’s stock, valued at $967,727.70. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director George I. Stoeckert acquired 1,000 shares of Brink's stock in a transaction dated Friday, December 8th. The shares were bought 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 approximately $965,925.60. The disclosure for this purchase can be found here. Insiders have bought a total of 17,200 shares of company stock valued at $1,279,615 in the last 90 days. Insiders own 10.40% of the company’s stock.

The business 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 0.79%. Brink's’s dividend payout ratio is presently 193.55%.

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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.

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

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