Brink’s (BCO) Scheduled to Post Quarterly Earnings on Tuesday

Brink’s (NYSE:BCOGet Rating) will issue its quarterly earnings data before the market opens on Tuesday, May 10th. Analysts expect the company to announce earnings of $0.94 per share for the quarter. Brink’s has set its FY 2022 guidance at $5.500-$6.000 EPS.Persons interested in participating in the company’s earnings conference call can do so using this link.

Brink’s (NYSE:BCOGet Rating) last released its quarterly earnings data on Wednesday, February 23rd. The business services provider reported $1.68 EPS for the quarter, beating the Zacks’ consensus estimate of $1.45 by $0.23. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.07 billion. Brink’s had a net margin of 2.46% and a return on equity of 93.77%. Brink’s’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.64 EPS. On average, analysts expect Brink’s to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Shares of Brink’s stock opened at $58.26 on Tuesday. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 11.25. The business’s 50 day moving average is $65.64. The firm has a market cap of $2.77 billion, a PE ratio of 28.14 and a beta of 1.49. Brink’s has a 1-year low of $57.12 and a 1-year high of $81.36.

In related news, EVP Rohan Pal sold 5,120 shares of the stock in a transaction that occurred on Thursday, March 3rd. The stock was sold at an average price of $68.76, for a total value of $352,051.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 3.72% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Morgan Stanley increased its holdings in Brink’s by 24.9% in the 3rd quarter. Morgan Stanley now owns 123,739 shares of the business services provider’s stock valued at $7,834,000 after purchasing an additional 24,635 shares during the last quarter. Jane Street Group LLC lifted its stake in Brink’s by 37.8% during the 3rd quarter. Jane Street Group LLC now owns 6,936 shares of the business services provider’s stock worth $439,000 after acquiring an additional 1,903 shares in the last quarter. Janus Henderson Group PLC acquired a new position in Brink’s in the 3rd quarter valued at about $316,000. BNP Paribas Arbitrage SA increased its stake in Brink’s by 24.1% during the third quarter. BNP Paribas Arbitrage SA now owns 9,022 shares of the business services provider’s stock worth $571,000 after purchasing an additional 1,754 shares during the period. Finally, Captrust Financial Advisors lifted its position in shares of Brink’s by 56.0% during the third quarter. Captrust Financial Advisors now owns 426 shares of the business services provider’s stock worth $27,000 after purchasing an additional 153 shares in the last quarter. 99.61% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have weighed in on the company. Zacks Investment Research lowered Brink’s from a “buy” rating to a “hold” rating in a research note on Tuesday, April 26th. StockNews.com started coverage on shares of Brink’s in a report on Thursday, March 31st. They issued a “buy” rating for the company. Finally, TheStreet upgraded shares of Brink’s from a “c+” rating to a “b” rating in a research report on Wednesday, February 23rd.

Brink’s Company Profile (Get Rating)

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

Earnings History for Brink's (NYSE:BCO)

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