According to Zacks, “The Brinks Company is the global leader in total cash management, secure route-based logistics and payment solutions including cash-in-transit, ATM services, cash management services (including vault outsourcing, money processing and intelligent safe services), and international transportation of valuables. Their customers include financial institutions, retailers, government agencies, mints, jewelers and other commercial operations. Their global network of operations in 41 countries serves customers in more than 100 countries. “
A number of other brokerages have also recently issued reports on BCO. ValuEngine raised shares of Brink’s from a sell rating to a hold rating in a research report on Friday, October 25th. Buckingham Research reduced their target price on shares of Brink’s from $115.00 to $105.00 and set a neutral rating for the company in a research report on Wednesday, September 4th. Finally, Imperial Capital boosted their target price on shares of Brink’s from $100.00 to $105.00 and gave the company an outperform rating in a research report on Thursday, July 25th. They noted that the move was a valuation call.
Brink’s (NYSE:BCO) last released its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $1.05 EPS for the quarter, topping the Zacks’ consensus estimate of $1.04 by $0.01. Brink’s had a net margin of 1.83% and a return on equity of 102.81%. The firm had revenue of $925.00 million during the quarter, compared to analysts’ expectations of $931.08 million. During the same period in the previous year, the business posted $0.95 earnings per share. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, analysts anticipate that Brink’s will post 3.91 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 8th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.66%. The ex-dividend date is Thursday, November 7th. Brink’s’s payout ratio is 17.34%.
A number of hedge funds and other institutional investors have recently modified their holdings of BCO. BlackRock Inc. increased its stake in shares of Brink’s by 1.2% in the second quarter. BlackRock Inc. now owns 5,680,161 shares of the business services provider’s stock valued at $461,116,000 after buying an additional 68,734 shares during the period. William Blair Investment Management LLC increased its stake in shares of Brink’s by 307.1% in the second quarter. William Blair Investment Management LLC now owns 1,668,921 shares of the business services provider’s stock valued at $135,483,000 after buying an additional 1,259,015 shares during the period. Invesco Ltd. increased its stake in shares of Brink’s by 3.9% in the second quarter. Invesco Ltd. now owns 1,063,302 shares of the business services provider’s stock valued at $86,318,000 after buying an additional 39,954 shares during the period. Waddell & Reed Financial Inc. increased its stake in shares of Brink’s by 11.2% in the second quarter. Waddell & Reed Financial Inc. now owns 1,041,930 shares of the business services provider’s stock valued at $84,584,000 after buying an additional 104,677 shares during the period. Finally, Iridian Asset Management LLC CT acquired a new position in shares of Brink’s in the second quarter valued at approximately $78,269,000.
The Brink's Company provides secure transportation, cash management, and other security-related services in North America, South America, and internationally. 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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