Brink’s (NYSE:BCO) Issues Earnings Results, Misses Expectations By $0.28 EPS

Brink’s (NYSE:BCO) released its earnings results on Wednesday. The business services provider reported $1.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.28), Briefing.com reports. The business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.27 billion. Brink’s had a net margin of 2.73% and a return on equity of 69.80%. The business’s revenue for the quarter was down 3.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.92 earnings per share. Brink’s updated its FY 2024 guidance to 6.500-6.800 EPS and its FY24 guidance to $6.50-6.80 EPS.

Brink’s Stock Down 2.1 %

Shares of BCO stock opened at $100.51 on Friday. Brink’s has a 12-month low of $72.68 and a 12-month high of $115.91. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 7.78. The firm has a fifty day moving average of $108.50 and a 200-day moving average of $103.35. The company has a market capitalization of $4.44 billion, a price-to-earnings ratio of 33.96 and a beta of 1.44.

Brink’s Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 4th will be issued a $0.2425 dividend. This represents a $0.97 annualized dividend and a dividend yield of 0.97%. The ex-dividend date of this dividend is Monday, November 4th. Brink’s’s dividend payout ratio (DPR) is presently 32.77%.

Analysts Set New Price Targets

A number of brokerages recently commented on BCO. StockNews.com raised Brink’s from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 16th. Truist Financial reduced their price objective on shares of Brink’s from $144.00 to $138.00 and set a “buy” rating on the stock in a research note on Thursday. Three equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $120.50.

Brink’s Company Profile

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, cash forecasting, cash optimization, ATM remote monitoring, service call dispatching, transaction processing, installation, and first line maintenance services; and cash-in-transit services.