Wall Street analysts predict that Brink’s (NYSE:BCO) will post sales of $908.90 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Brink’s’ earnings, with the highest sales estimate coming in at $919.30 million and the lowest estimate coming in at $898.50 million. Brink’s posted sales of $853.30 million during the same quarter last year, which suggests a positive year over year growth rate of 6.5%. The firm is scheduled to announce its next quarterly earnings report before the market opens on Wednesday, April 24th.
According to Zacks, 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 year, analysts expect that the firm 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 announced its quarterly earnings data on Wednesday, February 6th. The business services provider reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.05. The firm had revenue of $907.70 million during the quarter, compared to the consensus estimate of $925.06 million. Brink’s had a positive return on equity of 68.11% and a negative net margin of 0.96%. The business’s revenue for the quarter was up .5% on a year-over-year basis. During the same period in the prior year, the business earned $0.95 EPS.
Shares of NYSE BCO traded up $0.09 during mid-day trading on Friday, reaching $80.07. The company had a trading volume of 347,284 shares, compared to its average volume of 362,469. The company has a debt-to-equity ratio of 8.83, a current ratio of 1.42 and a quick ratio of 1.42. The firm has a market capitalization of $3.98 billion, a price-to-earnings ratio of 23.14, a price-to-earnings-growth ratio of 1.30 and a beta of 1.58. Brink’s has a 12-month low of $59.08 and a 12-month high of $85.00.
In other Brink’s news, CFO Ronald James Domanico acquired 3,000 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The shares were purchased at an average price of $72.39 per share, with a total value of $217,170.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Amit Zukerman sold 10,000 shares of the firm’s stock in a transaction on Friday, February 8th. The shares were sold at an average price of $75.62, for a total transaction of $756,200.00. The disclosure for this sale can be found here. Over the last quarter, insiders have purchased 18,000 shares of company stock valued at $1,309,720 and have sold 23,924 shares valued at $1,829,571. 1.05% of the stock is currently owned by company insiders.
Several institutional investors have recently added to or reduced their stakes in BCO. Quantamental Technologies LLC bought a new position in shares of Brink’s in the fourth quarter valued at approximately $44,000. NumerixS Investment Technologies Inc bought a new position in shares of Brink’s in the fourth quarter valued at approximately $44,000. Bremer Trust National Association bought a new position in shares of Brink’s in the fourth quarter valued at approximately $86,000. ETF Managers Group LLC raised its holdings in Brink’s by 18.1% in the 4th quarter. ETF Managers Group LLC now owns 1,865 shares of the business services provider’s stock worth $121,000 after acquiring an additional 286 shares during the period. Finally, Ffcm LLC raised its holdings in Brink’s by 1,899.1% in the 4th quarter. Ffcm LLC now owns 2,199 shares of the business services provider’s stock worth $142,000 after acquiring an additional 2,089 shares during the period. Institutional investors and hedge funds own 98.36% of the company’s stock.
Brink’s Company Profile
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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