Equities research analysts expect Brink’s (NYSE:BCO) to report $908.90 million in sales for the current quarter, Zacks reports. Two analysts have issued estimates for Brink’s’ earnings. The highest sales estimate is $919.30 million and the lowest is $898.50 million. Brink’s reported sales of $853.30 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 6.5%. The company is scheduled to announce its next quarterly earnings results before the market opens on Wednesday, April 24th.
On average, analysts expect that Brink’s will report full-year sales of $3.76 billion for the current year, with estimates ranging from $3.75 billion to $3.77 billion. For the next financial year, analysts forecast that the company will post sales of $4.01 billion, with estimates ranging from $3.92 billion to $4.09 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Brink’s.
Brink’s (NYSE:BCO) last issued its earnings results on Wednesday, February 6th. The business services provider reported $1.05 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.00 by $0.05. The company had revenue of $907.70 million for the quarter, compared to analysts’ expectations of $925.06 million. Brink’s had a negative net margin of 0.96% and a positive return on equity of 68.11%. The firm’s revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.95 earnings per share.
Separately, Zacks Investment Research cut Brink’s from a “hold” rating to a “sell” rating in a research note on Tuesday, April 9th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $96.67.
In related news, insider Amit Zukerman sold 10,000 shares of Brink’s stock in a transaction on Friday, February 8th. The stock was sold at an average price of $75.62, for a total transaction of $756,200.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Susan E. Docherty sold 9,400 shares of Brink’s stock in a transaction on Thursday, February 14th. The stock was sold at an average price of $77.39, for a total value of $727,466.00. Following the sale, the director now owns 8,301 shares in the company, valued at $642,414.39. The disclosure for this sale can be found here. Over the last quarter, insiders have purchased 18,000 shares of company stock worth $1,309,720 and have sold 23,924 shares worth $1,829,571. Company insiders own 1.05% of the company’s stock.
A number of institutional investors have recently modified their holdings of BCO. Quantamental Technologies LLC bought a new position in Brink’s in the 4th quarter worth $44,000. NumerixS Investment Technologies Inc bought a new position in shares of Brink’s during the 4th quarter valued at about $44,000. Bremer Trust National Association purchased a new stake in Brink’s during the fourth quarter valued at about $86,000. ETF Managers Group LLC lifted its stake in Brink’s by 18.1% during the fourth quarter. ETF Managers Group LLC now owns 1,865 shares of the business services provider’s stock valued at $121,000 after buying an additional 286 shares in the last quarter. Finally, Ffcm LLC lifted its stake in Brink’s by 1,899.1% during the fourth quarter. Ffcm LLC now owns 2,199 shares of the business services provider’s stock valued at $142,000 after buying an additional 2,089 shares in the last quarter. Institutional investors and hedge funds own 98.36% of the company’s stock.
Shares of Brink’s stock traded up $0.62 during trading on Friday, hitting $79.87. 71,221 shares of the company were exchanged, compared to its average volume of 319,126. The firm has a market capitalization of $3.95 billion, a P/E ratio of 23.08, a PEG ratio of 1.30 and a beta of 1.58. Brink’s has a 1-year low of $59.08 and a 1-year high of $85.00. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 8.83.
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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