Brink’s (NYSE:BCO – Get Rating) is scheduled to be issuing its quarterly earnings data before the market opens on Wednesday, August 3rd. Analysts expect the company to announce earnings of $1.18 per share for the quarter. Brink’s has set its FY22 guidance at $5.50-6.00 EPS and its FY 2022 guidance at $5.50-$6.00 EPS.Parties interested in participating in the company’s conference call can do so using this link.
Brink’s (NYSE:BCO – Get Rating) last posted its quarterly earnings results on Tuesday, May 10th. The business services provider reported $1.15 EPS for the quarter, topping the consensus estimate of $0.94 by $0.21. Brink’s had a net margin of 3.75% and a return on equity of 87.05%. The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same period last year, the firm posted $0.82 earnings per share. The business’s revenue was up 9.8% compared to the same quarter last year. On average, analysts expect Brink’s to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.
Brink’s Stock Down 1.0 %
Shares of NYSE BCO opened at $56.94 on Monday. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 8.01. Brink’s has a 52 week low of $53.72 and a 52 week high of $80.43. The firm’s fifty day moving average is $58.34 and its 200 day moving average is $63.07. The company has a market cap of $2.68 billion, a price-to-earnings ratio of 17.25 and a beta of 1.40.
Brink’s Dividend Announcement
Insider Buying and Selling
In related news, EVP Simon Davis purchased 8,500 shares of the business’s stock in a transaction that occurred on Friday, June 10th. The shares were acquired at an average price of $59.35 per share, for a total transaction of $504,475.00. Following the completion of the acquisition, the executive vice president now directly owns 39,534 shares in the company, valued at approximately $2,346,342.90. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.64% of the stock is owned by insiders.
Institutional Trading of Brink’s
Several large investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. boosted its holdings in Brink’s by 25.7% in the first quarter. Goldman Sachs Group Inc. now owns 250,231 shares of the business services provider’s stock valued at $17,016,000 after acquiring an additional 51,221 shares in the last quarter. Captrust Financial Advisors boosted its holdings in shares of Brink’s by 47.1% during the 1st quarter. Captrust Financial Advisors now owns 1,174 shares of the business services provider’s stock valued at $80,000 after buying an additional 376 shares in the last quarter. State Street Corp boosted its holdings in shares of Brink’s by 4.7% during the 1st quarter. State Street Corp now owns 1,539,962 shares of the business services provider’s stock valued at $104,717,000 after buying an additional 69,051 shares in the last quarter. Graham Capital Management L.P. boosted its holdings in shares of Brink’s by 14.6% during the 1st quarter. Graham Capital Management L.P. now owns 5,505 shares of the business services provider’s stock valued at $374,000 after buying an additional 703 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Brink’s by 0.6% during the 1st quarter. Invesco Ltd. now owns 88,040 shares of the business services provider’s stock valued at $5,987,000 after buying an additional 509 shares in the last quarter. Institutional investors own 99.61% of the company’s stock.
Wall Street Analyst Weigh In
Separately, StockNews.com raised shares of Brink’s from a “buy” rating to a “strong-buy” rating in a research note on Monday, June 27th.
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.
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