Brink's (BCO) Issues Quarterly Earnings Results
Brink's (NYSE:BCO) issued its earnings results on Wednesday. The business services provider reported $0.95 EPS for the quarter, missing the consensus estimate of $0.96 by ($0.01), Bloomberg Earnings reports. Brink's had a return on equity of 35.15% and a net margin of 2.51%. The company had revenue of $903.00 million during the quarter, compared to the consensus estimate of $851.35 million. During the same quarter in the prior year, the business earned $0.87 EPS. The firm’s revenue for the quarter was up 12.3% compared to the same quarter last year. Brink's updated its FY18 guidance to $3.65-3.85 EPS.
Shares of Brink's (BCO) opened at $75.00 on Thursday. The stock has a market capitalization of $3,790.00, a PE ratio of 46.30, a PEG ratio of 1.03 and a beta of 1.71. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.20. Brink's has a 12-month low of $45.85 and a 12-month high of $88.10.
The firm 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. The ex-dividend date of this dividend is Wednesday, February 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.80%. Brink's’s dividend payout ratio (DPR) is presently 37.04%.
BCO has been the subject of several analyst reports. Zacks Investment Research downgraded Brink's from a “buy” rating to a “hold” rating in a research note on Wednesday, December 27th. ValuEngine downgraded Brink's from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Sidoti initiated coverage on Brink's in a research note on Friday, October 20th. They issued a “buy” rating for the company. SunTrust Banks restated a “buy” rating and issued a $98.00 target price on shares of Brink's in a research note on Wednesday, October 18th. Finally, Imperial Capital restated an “outperform” rating and issued a $100.00 target price (up previously from $86.00) on shares of Brink's in a research note on Thursday, January 18th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Brink's has a consensus rating of “Buy” and a consensus price target of $97.25.
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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