The Brink’s (NYSE:BCO) Announces Quarterly Earnings Results, Beats Expectations By $0.19 EPS

The Brink’s (NYSE:BCO) posted its quarterly earnings data on Thursday. The business services provider reported $1.18 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.19, MarketWatch Earnings reports. The Brink’s had a net margin of 0.74% and a return on equity of 102.22%. The business had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter in the prior year, the business posted $0.71 earnings per share. The Brink’s’s revenue was up 27.0% compared to the same quarter last year. The Brink’s updated its FY 2021 guidance to $4.350-$5.550 EPS and its FY21 guidance to $4.35-5.55 EPS.

NYSE BCO traded down $4.86 during trading on Thursday, hitting $72.97. 3,396 shares of the company’s stock were exchanged, compared to its average volume of 248,680. The company has a debt-to-equity ratio of 10.78, a quick ratio of 1.40 and a current ratio of 1.40. The stock has a market capitalization of $3.63 billion, a P/E ratio of 141.51 and a beta of 1.55. The Brink’s has a fifty-two week low of $37.08 and a fifty-two week high of $84.72. The firm’s 50 day moving average price is $76.71.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 1st. Shareholders of record on Monday, July 26th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend is Friday, July 23rd. The Brink’s’s payout ratio is 21.28%.

Separately, Zacks Investment Research cut shares of The Brink’s from a “buy” rating to a “hold” rating in a research report on Tuesday, June 29th.

In other The Brink’s news, SVP James K. Parks sold 10,281 shares of the business’s stock in a transaction dated Monday, June 7th. The stock was sold at an average price of $72.95, for a total transaction of $749,998.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.64% of the stock is currently owned by insiders.

About The Brink’s

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

Further Reading: How to calculate the annual rate of depreciation

Earnings History for The Brink`s (NYSE:BCO)

Receive News & Ratings for The Brink's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Brink's and related companies with MarketBeat.com's FREE daily email newsletter.