FY2024 Earnings Estimate for Brink's Issued By William Blair

The Brink's Company (NYSE:BCO - Free Report) - Stock analysts at William Blair dropped their FY2024 EPS estimates for Brink's in a note issued to investors on Wednesday, November 6th. William Blair analyst T. Mulrooney now forecasts that the business services provider will earn $6.51 per share for the year, down from their prior estimate of $7.44. The consensus estimate for Brink's' current full-year earnings is $6.51 per share. William Blair also issued estimates for Brink's' Q4 2024 earnings at $1.80 EPS, Q3 2025 earnings at $1.98 EPS, Q4 2025 earnings at $2.44 EPS and FY2025 earnings at $7.77 EPS.

Brink's (NYSE:BCO - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The business services provider reported $1.51 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.79 by ($0.28). Brink's had a net margin of 2.37% and a return on equity of 71.46%. The company had revenue of $1.19 billion for the quarter, compared to analysts' expectations of $1.27 billion. During the same quarter last year, the company earned $1.92 earnings per share. The company's revenue for the quarter was down 3.4% on a year-over-year basis.

A number of other equities analysts also recently commented on the company. StockNews.com upgraded Brink's from a "buy" rating to a "strong-buy" rating in a research report on Friday, August 16th. Truist Financial dropped their price target on shares of Brink's from $144.00 to $138.00 and set a "buy" rating on the stock in a research note on Thursday. 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 a consensus rating of "Buy" and a consensus price target of $120.50.

Brink's Stock Up 1.0 %

BCO stock traded up $1.04 on Monday, hitting $100.61. 202,850 shares of the company's stock were exchanged, compared to its average volume of 259,125. The firm has a 50 day moving average price of $108.28 and a two-hundred day moving average price of $103.63. The stock has a market cap of $4.39 billion, a P/E ratio of 37.72 and a beta of 1.44. Brink's has a 12-month low of $73.10 and a 12-month high of $115.91. The company has a debt-to-equity ratio of 8.76, a quick ratio of 1.57 and a current ratio of 1.57.

Institutional Trading of Brink's

A number of institutional investors have recently added to or reduced their stakes in the business. US Bancorp DE raised its position in shares of Brink's by 7.1% during the third quarter. US Bancorp DE now owns 1,584 shares of the business services provider's stock worth $183,000 after acquiring an additional 105 shares during the last quarter. Arizona State Retirement System raised its stake in Brink's by 1.1% in the second quarter. Arizona State Retirement System now owns 12,521 shares of the business services provider's stock valued at $1,282,000 after purchasing an additional 140 shares in the last quarter. Quarry LP lifted its holdings in shares of Brink's by 21.4% during the second quarter. Quarry LP now owns 852 shares of the business services provider's stock worth $87,000 after purchasing an additional 150 shares during the period. Inspire Investing LLC grew its holdings in Brink's by 4.6% in the third quarter. Inspire Investing LLC now owns 3,567 shares of the business services provider's stock worth $412,000 after purchasing an additional 156 shares during the period. Finally, Measured Wealth Private Client Group LLC raised its position in shares of Brink's by 7.0% during the third quarter. Measured Wealth Private Client Group LLC now owns 2,774 shares of the business services provider's stock worth $321,000 after purchasing an additional 181 shares during the period. 94.96% of the stock is currently owned by institutional investors and hedge funds.

Brink's Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 4th will be paid a dividend of $0.2425 per share. The ex-dividend date is Monday, November 4th. This represents a $0.97 annualized dividend and a yield of 0.96%. 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.