Brink’s (NYSE:BCO) Releases FY24 Earnings Guidance

Brink’s (NYSE:BCO) updated its FY24 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $6.50-6.80 for the period, compared to the consensus estimate of $7.45. The company issued revenue guidance of $5.0-5.2 billion, compared to the consensus revenue estimate of $5.07 billion. Brink’s also updated its FY 2024 guidance to 6.500-6.800 EPS.

Analysts Set New Price Targets

BCO has been the topic of a number of research analyst reports. 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 Brink’s from $144.00 to $138.00 and set a “buy” rating on the stock in a research report on Thursday. Three equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $120.50.

Brink’s Price Performance

Shares of Brink’s stock opened at $99.64 on Friday. The company has a debt-to-equity ratio of 8.76, a quick ratio of 1.57 and a current ratio of 1.57. Brink’s has a 52-week low of $72.68 and a 52-week high of $115.91. The company has a fifty day moving average of $108.28 and a 200-day moving average of $103.43. The stock has a market capitalization of $4.40 billion, a price-to-earnings ratio of 37.74 and a beta of 1.44.

Brink’s (NYSE:BCO) last posted its quarterly earnings results on Wednesday, November 6th. The business services provider reported $1.51 earnings per share for the quarter, missing the consensus estimate of $1.79 by ($0.28). Brink’s had a return on equity of 71.46% and a net margin of 2.37%. The business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.27 billion. During the same period in the prior year, the firm earned $1.92 earnings per share. The business’s revenue for the quarter was down 3.4% on a year-over-year basis. Equities research analysts expect that Brink’s will post 6.65 EPS for the current year.

Brink’s Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 4th will be given a dividend of $0.2425 per share. The ex-dividend date of this dividend is Monday, November 4th. This represents a $0.97 annualized dividend and a yield of 0.97%. Brink’s’s payout ratio is 36.74%.

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.