Brink’s (BCO) to Release Quarterly Earnings on Wednesday

Brink’s (NYSE:BCO) will be announcing its earnings results before the market opens on Wednesday, November 6th. Analysts expect the company to announce earnings of $1.86 per share for the quarter. Brink’s has set its FY24 guidance at $7.30-$8.00 EPS and its FY 2024 guidance at 7.300-8.000 EPS.Investors that are interested in registering for the company’s conference call can do so using this link.

Brink’s (NYSE:BCO) last issued its quarterly earnings results on Wednesday, August 7th. The business services provider reported $1.67 EPS for the quarter, beating analysts’ consensus estimates of $1.47 by $0.20. The company had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.26 billion. Brink’s had a return on equity of 69.80% and a net margin of 2.73%. The company’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period last year, the company earned $1.18 earnings per share. On average, analysts expect Brink’s to post $7 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Brink’s Price Performance

NYSE:BCO opened at $103.88 on Tuesday. The business’s 50-day moving average price is $108.90 and its 200 day moving average price is $103.26. The firm has a market cap of $4.59 billion, a P/E ratio of 35.09 and a beta of 1.44. Brink’s has a 52-week low of $69.92 and a 52-week 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.

Brink’s Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 4th will be issued a dividend of $0.2425 per share. This represents a $0.97 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date is Monday, November 4th. Brink’s’s payout ratio is currently 32.77%.

Analysts Set New Price Targets

BCO has been the subject of a number of recent analyst reports. StockNews.com upgraded Brink’s from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 16th. Truist Financial raised their price target on Brink’s from $110.00 to $144.00 and gave the stock a “buy” rating in a research note on Friday, September 20th. Three equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $123.50.

About Brink’s

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.