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) 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%.
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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