Brink's (NYSE:BCO) Issues FY24 Earnings Guidance

Brink's (NYSE:BCO - Get Free Report) issued an update on its FY24 earnings guidance on Wednesday morning. The company provided EPS guidance of $6.50-6.80 for the period, compared to the consensus EPS 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.

Brink's Trading Down 1.2 %

Shares of BCO stock traded down $1.27 on Wednesday, reaching $102.68. The company had a trading volume of 1,188,606 shares, compared to its average volume of 258,275. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 7.78. The stock has a market cap of $4.53 billion, a PE ratio of 33.84 and a beta of 1.44. The company has a 50-day moving average of $108.80 and a 200-day moving average of $103.38. Brink's has a 12 month low of $70.90 and a 12 month high of $115.91.

Brink's (NYSE:BCO - Get Free Report) last announced 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 during the quarter, compared to analysts' expectations of $1.26 billion. Brink's had a return on equity of 69.80% and a net margin of 2.73%. Brink's's revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.18 EPS. On average, equities analysts forecast that Brink's will post 7.4 earnings per share for the current year.

Brink's Dividend Announcement

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 paid a $0.2425 dividend. The ex-dividend date is Monday, November 4th. This represents a $0.97 dividend on an annualized basis and a dividend yield of 0.94%. Brink's's dividend payout ratio (DPR) is presently 32.77%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on BCO shares. Truist Financial upped their price target on Brink's from $110.00 to $144.00 and gave the company a "buy" rating in a research note on Friday, September 20th. StockNews.com raised Brink's from a "buy" rating to a "strong-buy" rating in a research note on Friday, August 16th. Three equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $123.50.

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.