Brink’s (BCO) Announces Quarterly Earnings Results

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.

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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.



Hedge funds and other institutional investors have recently bought and sold shares of the stock. Aperio Group LLC increased its stake in Brink’s by 4.9% in the 4th quarter. Aperio Group LLC now owns 13,905 shares of the business services provider’s stock worth $1,094,000 after acquiring an additional 647 shares during the last quarter. California Public Employees Retirement System increased its stake in Brink’s by 0.5% in the 3rd quarter. California Public Employees Retirement System now owns 141,209 shares of the business services provider’s stock worth $11,897,000 after acquiring an additional 652 shares during the last quarter. Tyers Asset Management LLC increased its stake in Brink’s by 29.1% in the 4th quarter. Tyers Asset Management LLC now owns 3,408 shares of the business services provider’s stock worth $268,000 after acquiring an additional 768 shares during the last quarter. Profund Advisors LLC increased its stake in Brink’s by 12.1% in the 4th quarter. Profund Advisors LLC now owns 7,537 shares of the business services provider’s stock worth $593,000 after acquiring an additional 814 shares during the last quarter. Finally, Meadow Creek Investment Management LLC increased its stake in Brink’s by 29.1% in the 4th quarter. Meadow Creek Investment Management LLC now owns 5,964 shares of the business services provider’s stock worth $469,000 after acquiring an additional 1,344 shares during the last quarter. 92.99% of the stock is currently owned by institutional investors.

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.

Earnings History for Brink`s (NYSE:BCO)

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