Analysts Expect Brink's (BCO) Will Post Quarterly Sales of $791.40 Million

Brokerages expect that Brink's (NYSE:BCO) will report sales of $791.40 million for the current quarter, according to Zacks. Two analysts have provided estimates for Brink's’ earnings, with the lowest sales estimate coming in at $784.40 million and the highest estimate coming in at $798.40 million. Brink's posted sales of $788.40 million in the same quarter last year, which suggests a positive year-over-year growth rate of 0.4%. The business is expected to report its next earnings report on Wednesday, April 25th.

According to Zacks, analysts expect that Brink's will report full-year sales of $791.40 million for the current year, with estimates ranging from $3.45 billion to $3.47 billion. For the next financial year, analysts forecast that the business will post sales of $3.72 billion per share, with estimates ranging from $3.67 billion to $3.78 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for Brink's.

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Brink's (NYSE:BCO) last posted its quarterly earnings data on Wednesday, February 7th. The business services provider reported $0.95 earnings per share for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.01). The firm had revenue of $903.00 million during the quarter, compared to analysts’ expectations of $851.35 million. Brink's had a net margin of 0.50% and a return on equity of 36.76%. The business’s quarterly revenue was up 12.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.87 earnings per share.

Several equities analysts have recently commented on the stock. Zacks Investment Research cut shares of Brink's from a “buy” rating to a “hold” rating in a research report on Wednesday, March 14th. Gabelli raised shares of Brink's from a “hold” rating to a “buy” rating in a research report on Thursday, February 8th. Imperial Capital reaffirmed an “outperform” rating and set a $100.00 price target (up previously from $86.00) on shares of Brink's in a research report on Thursday, January 18th. Sidoti raised shares of Brink's from a “neutral” rating to a “buy” rating in a research report on Thursday, January 11th. Finally, ValuEngine cut shares of Brink's from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $93.50.

In other Brink's news, CFO Ronald James Domanico acquired 3,500 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The shares were purchased at an average price of $72.18 per share, for a total transaction of $252,630.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Douglas A. Pertz acquired 10,000 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The shares were acquired at an average price of $72.91 per share, for a total transaction of $729,100.00. The disclosure for this purchase can be found here. Insiders have bought 17,500 shares of company stock worth $1,281,770 in the last ninety days. Corporate insiders own 10.40% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BCO. Virtus Fund Advisers LLC acquired a new stake in Brink's during the fourth quarter worth about $146,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Brink's by 105.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,670 shares of the business services provider’s stock worth $210,000 after acquiring an additional 1,370 shares during the period. Haverford Trust Co. acquired a new stake in Brink's during the third quarter worth about $233,000. Legato Capital Management LLC acquired a new stake in shares of Brink's in the fourth quarter valued at approximately $240,000. Finally, Tyers Asset Management LLC increased its stake in shares of Brink's by 29.1% in the fourth quarter. Tyers Asset Management LLC now owns 3,408 shares of the business services provider’s stock valued at $268,000 after purchasing an additional 768 shares during the period. Hedge funds and other institutional investors own 93.07% of the company’s stock.

Shares of BCO stock traded down $0.70 during mid-day trading on Friday, hitting $68.85. 575,145 shares of the stock traded hands, compared to its average volume of 457,106. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 3.37. Brink's has a twelve month low of $47.30 and a twelve month high of $88.10. The company has a market capitalization of $3,547.86, a PE ratio of 224.35, a price-to-earnings-growth ratio of 0.90 and a beta of 1.77.

The business also recently declared a quarterly dividend, which was paid on Thursday, March 1st. Stockholders of record on Thursday, February 8th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, February 7th. This represents a $0.60 annualized dividend and a dividend yield of 0.87%. Brink's’s payout ratio is 193.55%.

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About Brink's

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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