Brink’s (NYSE:BCO – Get Free Report) issued an update on its FY24 earnings guidance on Wednesday morning. The company provided EPS guidance of $7.30-8.00 for the period, compared to the consensus EPS estimate of $7.63. The company issued revenue guidance of $5.075-5.225 billion, compared to the consensus revenue estimate of $5.15 billion. Brink’s also updated its FY 2024 guidance to 7.300-8.000 EPS.
Brink’s Stock Up 1.8 %
NYSE BCO traded up $1.61 during mid-day trading on Wednesday, reaching $92.60. 257,078 shares of the company’s stock traded hands, compared to its average volume of 210,166. The company has a market cap of $4.14 billion, a price-to-earnings ratio of 51.71 and a beta of 1.39. The company has a fifty day simple moving average of $87.28 and a 200-day simple moving average of $82.68. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 6.27. Brink’s has a 1-year low of $62.13 and a 1-year high of $98.31.
Brink’s (NYSE:BCO – Get Free Report) last issued its earnings results on Thursday, February 29th. The business services provider reported $2.76 EPS for the quarter, topping the consensus estimate of $2.49 by $0.27. The company had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.23 billion. Brink’s had a return on equity of 55.36% and a net margin of 1.77%. The business’s revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the firm earned $2.10 EPS. As a group, equities research analysts expect that Brink’s will post 7.51 EPS for the current year.
Brink’s Increases Dividend
Analysts Set New Price Targets
A number of research firms recently issued reports on BCO. Truist Financial boosted their price objective on Brink’s from $90.00 to $110.00 and gave the company a buy rating in a research report on Wednesday, February 28th. TheStreet lowered Brink’s from a b rating to a c+ rating in a research report on Wednesday, March 13th. Finally, The Goldman Sachs Group boosted their price objective on Brink’s from $98.00 to $103.00 and gave the company a buy rating in a research report on Friday, March 1st.
Read Our Latest Stock Analysis on Brink’s
Insider Buying and Selling at Brink’s
In other Brink’s news, Director Keith R. Wyche sold 400 shares of Brink’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $82.37, for a total transaction of $32,948.00. Following the sale, the director now owns 665 shares of the company’s stock, valued at approximately $54,776.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.49% of the stock is owned by company insiders.
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.
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