Brink's (NYSE:BCO) Releases FY 2024 Earnings Guidance

Brink's (NYSE:BCO - Get Free Report) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 6.500-6.800 for the period, compared to the consensus earnings per share estimate of 7.450. The company issued revenue guidance of $5.0 billion-$5.1 billion, compared to the consensus revenue estimate of $5.1 billion. Brink's also updated its FY24 guidance to $6.50-6.80 EPS.

Analyst Upgrades and Downgrades

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

Brink's Stock Down 2.4 %

Brink's stock traded down $2.45 during mid-day trading on Wednesday, hitting $101.50. The company had a trading volume of 791,810 shares, compared to its average volume of 256,430. The stock has a market cap of $4.48 billion, a price-to-earnings ratio of 33.84 and a beta of 1.44. 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 has a 1 year low of $70.90 and a 1 year high of $115.91. The business has a fifty day moving average of $108.80 and a 200 day moving average of $103.38.

Brink's (NYSE:BCO - Get Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The business services provider reported $1.67 earnings per share for the quarter, beating analysts' consensus estimates of $1.47 by $0.20. Brink's had a net margin of 2.73% and a return on equity of 69.80%. The firm had revenue of $1.25 billion during the quarter, compared to analysts' expectations of $1.26 billion. During the same period in the previous year, the company earned $1.18 earnings per share. Brink's's quarterly revenue was up 3.0% compared to the same quarter last year. On average, sell-side analysts expect that Brink's will post 7.4 earnings per share for the current fiscal year.

Brink's Dividend Announcement

The company 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 dividend of $0.2425 per share. This represents a $0.97 annualized dividend and a dividend yield of 0.96%. The ex-dividend date is Monday, November 4th. Brink's's dividend payout ratio (DPR) is 32.77%.

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.