Brink’s (BCO) Releases FY18 Earnings Guidance

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.

Brink’s (NYSE:BCO) last announced its earnings results on Wednesday, April 25th. The business services provider reported $0.65 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.02. Brink’s had a return on equity of 36.76% and a net margin of 0.50%. The firm had revenue of $853.00 million for the quarter, compared to the consensus estimate of $802.83 million. During the same period in the previous year, the business earned $0.57 EPS. The firm’s revenue for the quarter was up 8.2% on a year-over-year basis. equities research analysts anticipate that Brink’s will post 3.78 earnings per share for the current year.

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.

About Brink’s

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.

Earnings History and Estimates for Brink`s (NYSE:BCO)

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