Brink’s (BCO) Set to Announce Earnings on Wednesday

Brink’s (NYSE:BCO) will be issuing its quarterly earnings data before the market opens on Wednesday, May 8th. Analysts expect the company to announce earnings of $1.23 per share for the quarter. Brink’s has set its FY24 guidance at $7.30-8.00 EPS and its FY 2024 guidance at 7.300-8.000 EPS.Investors interested in listening to the company’s conference call can do so using this link.

Brink’s (NYSE:BCO) last issued its quarterly earnings data on Thursday, February 29th. The business services provider reported $2.76 EPS for the quarter, topping analysts’ consensus estimates of $2.49 by $0.27. Brink’s had a net margin of 1.77% and a return on equity of 55.36%. The firm had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same quarter in the previous year, the business posted $2.10 EPS. The firm’s revenue was up 4.6% compared to the same quarter last year. On average, analysts expect Brink’s to post $8 EPS for the current fiscal year and $10 EPS for the next fiscal year.

Brink’s Stock Performance

Shares of BCO stock opened at $90.58 on Monday. Brink’s has a 12 month low of $59.46 and a 12 month high of $93.25. The company has a debt-to-equity ratio of 6.27, a current ratio of 1.43 and a quick ratio of 1.43. The firm has a market capitalization of $4.05 billion, a P/E ratio of 49.77 and a beta of 1.39. The company’s fifty day moving average price is $86.85 and its two-hundred day moving average price is $82.36.

Brink’s Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Monday, May 13th will be issued a $0.243 dividend. The ex-dividend date is Friday, May 10th. This represents a $0.97 dividend on an annualized basis and a yield of 1.07%. This is a positive change from Brink’s’s previous quarterly dividend of $0.22. Brink’s’s payout ratio is currently 48.35%.

Insider Activity

In other news, Director Keith R. Wyche sold 400 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $82.37, for a total value of $32,948.00. Following the sale, the director now owns 665 shares in the company, valued at approximately $54,776.05. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.49% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on BCO shares. The Goldman Sachs Group boosted their price objective on shares of Brink’s from $98.00 to $103.00 and gave the stock a “buy” rating in a report on Friday, March 1st. TheStreet lowered shares of Brink’s from a “b” rating to a “c+” rating in a research note on Wednesday, March 13th. Finally, Truist Financial upped their target price on shares of Brink’s from $90.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, February 28th.

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, cash forecasting, cash optimization, ATM remote monitoring, service call dispatching, transaction processing, installation, and first line maintenance services; and cash-in-transit services.