Brink’s (NYSE:BCO) updated its FY18 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $3.65-$3.85 for the period, compared to the Thomson Reuters consensus estimate of $3.76. The company issued revenue guidance of $3.45 B, compared to the consensus revenue estimate of $3.52 billion.
BCO has been the topic of several recent research reports. Buckingham Research started coverage on Brink’s in a research note on Monday, March 26th. They issued a buy rating and a $100.00 price objective on the stock. Zacks Investment Research upgraded Brink’s from a hold rating to a buy rating and set a $82.00 target price for the company in a report on Friday, February 9th. ValuEngine upgraded Brink’s from a hold rating to a buy rating in a report on Friday, April 6th. Imperial Capital reissued an outperform rating and set a $100.00 price target (up from $86.00) on shares of Brink’s in a research note on Thursday, January 18th. Finally, Sidoti raised Brink’s from a neutral rating to a buy rating in a research report on Thursday, January 11th. Seven equities research analysts have rated the stock with a buy rating, The stock presently has a consensus rating of Buy and an average price target of $94.80.
BCO stock traded down $0.20 on Thursday, hitting $75.10. 191,221 shares of the company’s stock were exchanged, compared to its average volume of 440,248. Brink’s has a 12-month low of $57.95 and a 12-month high of $88.10. The company has a debt-to-equity ratio of 3.37, a current ratio of 1.78 and a quick ratio of 1.78. The company has a market cap of $3,775.45, a price-to-earnings ratio of 24.67, a price-to-earnings-growth ratio of 0.96 and a beta of 1.76.
In other news, CFO Ronald James Domanico purchased 3,500 shares of the company’s stock in a transaction on Thursday, February 8th. The shares were acquired at an average price of $72.18 per share, for a total transaction of $252,630.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Douglas A. Pertz purchased 10,000 shares of the company’s stock in a transaction on Thursday, February 8th. The shares were purchased 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. Over the last 90 days, insiders have purchased 17,500 shares of company stock worth $1,281,770. 2.48% of the stock is owned by company insiders.
The Brink's Company provides secure transportation, cash management, and other security-related services worldwide. The company offers cash-in-transit services, including armored vehicle transportation of valuables; automated teller machine (ATM) services, such as cash replenishment, replenishment forecasting, cash optimization, ATM remote monitoring, service call dispatching, transaction processing, installation, and first and second line maintenance; and network infrastructure services.
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