Brink’s (NYSE:BCO) Announces Quarterly Earnings Results

Brink’s (NYSE:BCOGet Rating) announced its quarterly earnings data on Wednesday. The business services provider reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.09, RTT News reports. Brink’s had a return on equity of 83.35% and a net margin of 3.94%. During the same period in the prior year, the company earned $1.18 earnings per share. Brink’s updated its FY22 guidance to $5.50-6.00 EPS and its FY 2022 guidance to $5.50-$6.00 EPS.

Brink’s Price Performance

Shares of NYSE:BCO traded down $0.59 on Friday, reaching $56.83. 194,104 shares of the company traded hands, compared to its average volume of 318,533. Brink’s has a fifty-two week low of $53.72 and a fifty-two week high of $80.43. The company’s 50 day moving average is $58.05 and its 200-day moving average is $62.64. The stock has a market capitalization of $2.67 billion, a PE ratio of 15.96 and a beta of 1.29. The company has a debt-to-equity ratio of 8.61, a current ratio of 1.77 and a quick ratio of 1.53.

Brink’s Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Stockholders of record on Monday, August 8th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, August 5th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.41%. Brink’s’s dividend payout ratio (DPR) is presently 22.47%.

Insider Activity

In other Brink’s news, EVP Simon Davis bought 8,500 shares of the firm’s stock in a transaction dated Friday, June 10th. The stock was acquired at an average price of $59.35 per share, with a total value of $504,475.00. Following the completion of the transaction, the executive vice president now directly owns 39,534 shares in the company, valued at approximately $2,346,342.90. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 3.64% of the company’s stock.

Hedge Funds Weigh In On Brink’s

Several institutional investors have recently bought and sold shares of BCO. Captrust Financial Advisors increased its stake in shares of Brink’s by 47.1% in the first quarter. Captrust Financial Advisors now owns 1,174 shares of the business services provider’s stock worth $80,000 after purchasing an additional 376 shares during the period. Ergoteles LLC grew its position in Brink’s by 21.9% during the first quarter. Ergoteles LLC now owns 4,051 shares of the business services provider’s stock worth $275,000 after buying an additional 729 shares in the last quarter. Bank of Montreal Can grew its position in Brink’s by 10.1% during the first quarter. Bank of Montreal Can now owns 4,326 shares of the business services provider’s stock worth $296,000 after buying an additional 397 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in Brink’s during the first quarter worth about $360,000. Finally, Graham Capital Management L.P. grew its position in Brink’s by 14.6% during the first quarter. Graham Capital Management L.P. now owns 5,505 shares of the business services provider’s stock worth $374,000 after buying an additional 703 shares in the last quarter. 99.61% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on BCO shares. Truist Financial lowered their target price on Brink’s from $96.00 to $78.00 in a report on Monday. StockNews.com lowered Brink’s from a “strong-buy” rating to a “buy” rating in a report on Monday.

Brink’s Company Profile

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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, replenishment forecasting, cash optimization, ATM remote monitoring, service call dispatching, transaction processing, installation, and first and second line maintenance services; network infrastructure; and cash-in-transit services.

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Earnings History for Brink's (NYSE:BCO)

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