Imperial Capital Weighs in on Brink's’ FY2017 Earnings (BCO)
Brink's (NYSE:BCO) – Analysts at Imperial Capital increased their FY2017 earnings per share estimates for Brink's in a research report issued to clients and investors on Thursday. Imperial Capital analyst J. Kessler now expects that the business services provider will post earnings per share of $3.05 for the year, up from their previous estimate of $3.02. Imperial Capital currently has a “Outperform” rating and a $100.00 price objective on the stock. Imperial Capital also issued estimates for Brink's’ Q4 2017 earnings at $1.02 EPS, Q1 2018 earnings at $0.71 EPS, Q2 2018 earnings at $0.76 EPS, Q3 2018 earnings at $1.03 EPS, Q4 2018 earnings at $1.22 EPS, FY2018 earnings at $3.71 EPS, Q1 2019 earnings at $0.97 EPS, Q2 2019 earnings at $0.98 EPS, Q3 2019 earnings at $1.26 EPS, Q4 2019 earnings at $1.49 EPS and FY2019 earnings at $4.70 EPS.
Brink's (NYSE:BCO) last issued its quarterly earnings results on Wednesday, October 25th. The business services provider reported $0.83 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.08. The business had revenue of $849.50 million during the quarter, compared to the consensus estimate of $841.57 million. Brink's had a net margin of 2.51% and a return on equity of 35.15%. The firm’s quarterly revenue was up 12.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.64 EPS.
Shares of Brink's (NYSE BCO) opened at $85.85 on Friday. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.21 and a quick ratio of 1.21. The company has a market cap of $4,330.00, a P/E ratio of 52.99, a P/E/G ratio of 1.09 and a beta of 1.71. Brink's has a 12-month low of $42.28 and a 12-month high of $87.89.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Thursday, February 8th will be paid a $0.15 dividend. The ex-dividend date is Wednesday, February 7th. This represents a $0.60 annualized dividend and a yield of 0.70%. Brink's’s dividend payout ratio is presently 37.04%.
In related news, insider Douglas A. Pertz acquired 6,570 shares of the company’s stock in a transaction on Thursday, November 2nd. The shares were purchased at an average price of $76.18 per share, for a total transaction of $500,502.60. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Ronald James Domanico acquired 3,000 shares of the company’s stock in a transaction on Wednesday, November 1st. The stock was bought at an average price of $76.85 per share, for a total transaction of $230,550.00. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 18,850 shares of company stock worth $1,461,348. Company insiders own 10.40% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in BCO. Tower Research Capital LLC TRC increased its stake in Brink's by 285.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,540 shares of the business services provider’s stock valued at $103,000 after buying an additional 1,140 shares during the period. Cypress Capital Management LLC WY acquired a new position in Brink's in the 3rd quarter valued at approximately $122,000. Meeder Asset Management Inc. acquired a new position in Brink's in the 3rd quarter valued at approximately $128,000. Riverhead Capital Management LLC increased its stake in Brink's by 51.8% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,429 shares of the business services provider’s stock valued at $163,000 after buying an additional 829 shares during the period. Finally, PNC Financial Services Group Inc. increased its stake in Brink's by 493.8% in the 2nd quarter. PNC Financial Services Group Inc. now owns 2,678 shares of the business services provider’s stock valued at $180,000 after buying an additional 2,227 shares during the period. Hedge funds and other institutional investors own 90.55% of the company’s stock.
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The Brink’s Company (Brink’s) is a provider of logistics and security solutions. The Company operates through nine segments: U.S., France, Mexico, Brazil, Canada, Latin America, EMEA, Asia and Payment Services. The Company’s solutions include cash-in-transit (CIT), automated teller machine (ATM) replenishment and maintenance, cash management services, including vault outsourcing, money processing, and intelligent safe services, international transportation of valuables, and payment services.
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