The Brink’s (NYSE:BCO) Posts Earnings Results, Beats Expectations By $0.19 EPS

The Brink’s (NYSE:BCO) announced its earnings results on Thursday. The business services provider reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.19, MarketWatch Earnings reports. The business had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.08 billion. The Brink’s had a net margin of 0.74% and a return on equity of 102.22%. The firm’s revenue for the quarter was up 27.0% on a year-over-year basis. During the same quarter last year, the company posted $0.71 EPS. The Brink’s updated its FY 2021 guidance to $4.350-$5.550 EPS and its FY21 guidance to $4.35-5.55 EPS.

Shares of NYSE BCO traded down $4.86 during mid-day trading on Thursday, hitting $72.97. The company’s stock had a trading volume of 3,396 shares, compared to its average volume of 248,680. The stock has a market capitalization of $3.63 billion, a PE ratio of 141.51 and a beta of 1.55. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 10.78. The Brink’s has a one year low of $37.08 and a one year high of $84.72. The company has a fifty day simple moving average of $76.71.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 1st. Stockholders of record on Monday, July 26th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend is Friday, July 23rd. The Brink’s’s dividend payout ratio (DPR) is presently 21.28%.

Separately, Zacks Investment Research cut shares of The Brink’s from a “buy” rating to a “hold” rating in a research report on Tuesday, June 29th.

In other news, SVP James K. Parks sold 10,281 shares of the firm’s stock in a transaction dated Monday, June 7th. The shares were sold at an average price of $72.95, for a total value of $749,998.95. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 3.64% of the stock is currently owned by company insiders.

The Brink’s Company Profile

The Brink's Company provides secure transportation, cash management, and other security-related services in North America, Latin America, Europe, and internationally. The company offers armored vehicle transportation of valuables; automated teller machine (ATM) management services, such as cash replenishment, replenishment forecasting, cash optimization, ATM remote monitoring, service call dispatching, transaction processing, installation, and first and second line maintenance services; network infrastructure; and cash-in-transit services.

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Earnings History for The Brink`s (NYSE:BCO)

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