Brink’s (NYSE:BCO – Get Rating) updated its FY 2022 earnings guidance on Wednesday. The company provided earnings per share guidance of $5.75-$5.75 for the period, compared to the consensus earnings per share estimate of $5.76. The company issued revenue guidance of $4.52 billion-$4.52 billion, compared to the consensus revenue estimate of $4.58 billion.
Wall Street Analyst Weigh In
Several equities analysts recently commented on the stock. TheStreet lowered shares of Brink’s from a b- rating to a c rating in a research report on Wednesday, October 26th. Truist Financial dropped their price target on shares of Brink’s from $96.00 to $78.00 in a research report on Monday, August 1st. Finally, StockNews.com lowered shares of Brink’s from a strong-buy rating to a buy rating in a research report on Thursday, October 27th.
Brink’s Stock Down 0.9 %
NYSE BCO traded down $0.56 during trading hours on Wednesday, reaching $59.60. 86 shares of the company traded hands, compared to its average volume of 308,943. Brink’s has a 12 month low of $48.38 and a 12 month high of $73.42. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 10.24. The stock has a market capitalization of $2.77 billion, a PE ratio of 16.76 and a beta of 1.27. The company has a 50 day moving average of $55.26 and a two-hundred day moving average of $57.31.
Brink’s (NYSE:BCO – Get Rating) last posted its quarterly earnings data on Wednesday, October 26th. The business services provider reported $1.34 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.03. Brink’s had a net margin of 3.89% and a return on equity of 80.84%. The firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the prior year, the firm posted $1.14 EPS. The firm’s revenue was up 5.7% compared to the same quarter last year. As a group, equities analysts expect that Brink’s will post 5.57 earnings per share for the current year.
Brink’s Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Monday, November 7th will be given a $0.20 dividend. The ex-dividend date is Friday, November 4th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.34%. Brink’s’s payout ratio is currently 22.28%.
Institutional Trading of Brink’s
Large investors have recently modified their holdings of the company. Captrust Financial Advisors increased its holdings in shares of Brink’s by 47.1% in the 1st quarter. Captrust Financial Advisors now owns 1,174 shares of the business services provider’s stock worth $80,000 after acquiring an additional 376 shares during the period. Ergoteles LLC increased its stake in Brink’s by 21.9% during the 1st quarter. Ergoteles LLC now owns 4,051 shares of the business services provider’s stock valued at $275,000 after buying an additional 729 shares during the period. Bank of Montreal Can increased its stake in Brink’s by 10.1% during the 1st quarter. Bank of Montreal Can now owns 4,326 shares of the business services provider’s stock valued at $296,000 after buying an additional 397 shares during the period. Renaissance Technologies LLC acquired a new position in Brink’s during the 1st quarter valued at about $360,000. Finally, Graham Capital Management L.P. increased its stake in Brink’s by 14.6% during the 1st quarter. Graham Capital Management L.P. now owns 5,505 shares of the business services provider’s stock valued at $374,000 after buying an additional 703 shares during the period. Institutional investors and hedge funds own 99.55% of the company’s stock.
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.
See Also
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