Brink’s Co. (BCO) Issues FY16 Earnings Guidance
Brink’s Co. (NYSE:BCO) issued an update on its FY16 earnings guidance on Tuesday morning. The company provided EPS guidance of $1.95-2.10 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.00.
Shares of Brink’s Co. (NYSE:BCO) opened at 34.82 on Tuesday. The stock’s 50 day moving average is $35.77 and its 200-day moving average is $31.94. Brink’s Co. has a one year low of $25.80 and a one year high of $37.85. The firm has a market cap of $1.72 billion, a P/E ratio of 1832.63 and a beta of 1.52.
Brink’s (NYSE:BCO) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.12. Brink’s had a net margin of 0.04% and a return on equity of 22.23%. The business had revenue of $739.50 million for the quarter, compared to analyst estimates of $699.03 million. During the same period in the previous year, the business posted $0.27 earnings per share. The business’s revenue was down 2.7% compared to the same quarter last year. Analysts anticipate that Brink’s Co. will post $2.00 EPS for the current fiscal year.
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The company also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Stockholders of record on Tuesday, July 26th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, July 22nd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.15%. Brink’s’s dividend payout ratio (DPR) is 1,333.33%.
A number of research analysts have recently issued reports on the stock. Imperial Capital upgraded shares of Brink’s from an in-line rating to an outperform rating and boosted their price target for the stock from $31.50 to $38.00 in a research note on Wednesday, August 3rd. Zacks Investment Research upgraded shares of Brink’s from a sell rating to a hold rating in a research note on Wednesday, July 27th.
In related news, CFO Ronald James Domanico acquired 16,744 shares of the firm’s stock in a transaction that occurred on Thursday, July 14th. The shares were purchased at an average price of $29.86 per share, with a total value of $499,975.84. Following the completion of the acquisition, the chief financial officer now owns 16,744 shares in the company, valued at $499,975.84. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Thomas Colan sold 935 shares of the business’s stock in a transaction dated Thursday, August 25th. The stock was sold at an average price of $37.70, for a total transaction of $35,249.50. The disclosure for this sale can be found here. Corporate insiders own 11.29% of the company’s stock.
The Brink’s Company (Brink’s) is a provider of logistics and security solutions. The Company’s solutions include cash-in-transit, automated teller machine (ATM) replenishment and maintenance, international transportation of valuables, cash management and payment services, to financial institutions, retailers, government agencies (including central banks), mints, jewelers and other commercial operations around the world.
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