Brink’s (NYSE:BCO – Get Rating) is scheduled to announce its earnings results before the market opens on Wednesday, August 3rd. Analysts expect the company to announce earnings of $1.18 per share for the quarter. Brink’s has set its FY22 guidance at $5.50-6.00 EPS and its FY 2022 guidance at $5.50-$6.00 EPS.Parties interested in participating in the company’s conference call can do so using this link.
Brink’s (NYSE:BCO – Get Rating) last announced its quarterly earnings data on Tuesday, May 10th. The business services provider reported $1.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.21. The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.09 billion. Brink’s had a return on equity of 87.05% and a net margin of 3.75%. The firm’s revenue was up 9.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.82 EPS. On average, analysts expect Brink’s to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.
Brink’s Trading Down 1.0 %
Shares of NYSE:BCO opened at $56.94 on Monday. The stock has a 50 day moving average of $58.34 and a 200 day moving average of $63.07. The company has a market cap of $2.68 billion, a PE ratio of 17.25 and a beta of 1.40. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 8.01. Brink’s has a 12-month low of $53.72 and a 12-month high of $80.43.
Brink’s Dividend Announcement
In other news, EVP Simon Davis bought 8,500 shares of the stock in a transaction dated Friday, June 10th. The stock was purchased at an average cost of $59.35 per share, for a total transaction of $504,475.00. Following the transaction, the executive vice president now owns 39,534 shares of the company’s stock, valued at $2,346,342.90. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 3.64% of the company’s stock.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of BCO. Yousif Capital Management LLC raised its holdings in Brink’s by 1.3% during the 1st quarter. Yousif Capital Management LLC now owns 26,228 shares of the business services provider’s stock valued at $1,784,000 after buying an additional 326 shares during the period. Captrust Financial Advisors raised its holdings in Brink’s by 47.1% during the 1st quarter. Captrust Financial Advisors now owns 1,174 shares of the business services provider’s stock valued at $80,000 after buying an additional 376 shares during the period. Bank of Montreal Can raised its holdings 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. Invesco Ltd. raised its holdings in Brink’s by 0.6% during the 1st quarter. Invesco Ltd. now owns 88,040 shares of the business services provider’s stock valued at $5,987,000 after buying an additional 509 shares during the period. Finally, Graham Capital Management L.P. raised its holdings 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. 99.61% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Separately, StockNews.com upgraded Brink’s from a “buy” rating to a “strong-buy” rating in a research note on Monday, June 27th.
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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