Brink’s (NYSE:BCO) posted its quarterly earnings data on Wednesday. The business services provider reported $0.65 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.02, Bloomberg Earnings reports. 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 analysts’ expectations of $802.83 million. During the same period in the previous year, the firm earned $0.57 EPS. The business’s quarterly revenue was up 8.2% on a year-over-year basis. Brink’s updated its FY18 guidance to $3.65-$3.85 EPS.
NYSE BCO traded down $0.85 during trading hours on Wednesday, reaching $73.80. The company’s stock had a trading volume of 177,862 shares, compared to its average volume of 439,103. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 3.37. Brink’s has a 1 year low of $57.95 and a 1 year high of $88.10. The stock has a market cap of $3,831.09, a PE ratio of 24.64, a P/E/G ratio of 0.97 and a beta of 1.76.
In other Brink’s news, CEO Douglas A. Pertz purchased 10,000 shares of the stock in a transaction that occurred on Thursday, February 8th. The shares were bought at an average cost of $72.91 per share, with a total value of $729,100.00. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, Director George I. Stoeckert purchased 2,000 shares of the stock in a transaction that occurred on Wednesday, February 14th. The stock was acquired at an average cost of $74.15 per share, for a total transaction of $148,300.00. Following the completion of the acquisition, the director now owns 17,714 shares in the company, valued at approximately $1,313,493.10. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 17,500 shares of company stock worth $1,281,770. 2.48% of the stock is owned by insiders.
A number of research analysts have recently weighed in on BCO shares. Gabelli raised Brink’s from a “hold” rating to a “buy” rating in a research report on Thursday, February 8th. Zacks Investment Research cut Brink’s from a “buy” rating to a “hold” rating in a research report on Wednesday, March 14th. Sidoti raised Brink’s from a “neutral” rating to a “buy” rating in a research report on Thursday, January 11th. Imperial Capital reaffirmed an “outperform” rating and set a $100.00 price objective (up from $86.00) on shares of Brink’s in a research report on Thursday, January 18th. Finally, ValuEngine raised Brink’s from a “hold” rating to a “buy” rating in a research report on Friday, April 6th. Seven analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and an average price target of $94.80.
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Brink’s Company Profile
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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