Brink’s (NYSE:BCO) Releases FY24 Earnings Guidance

Brink’s (NYSE:BCO) updated its FY24 earnings guidance on Wednesday. The company provided EPS guidance of $6.50-6.80 for the period, compared to the consensus EPS estimate of $7.45. The company issued revenue guidance of $5.0-5.2 billion, compared to the consensus revenue estimate of $5.07 billion. Brink’s also updated its FY 2024 guidance to 6.500-6.800 EPS.

Brink’s Stock Down 0.9 %

Shares of NYSE BCO traded down $0.94 during trading hours on Friday, hitting $99.57. 414,752 shares of the stock were exchanged, compared to its average volume of 259,385. The company has a market cap of $4.39 billion, a PE ratio of 38.07 and a beta of 1.44. Brink’s has a 12 month low of $72.68 and a 12 month high of $115.91. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 7.78. The firm has a fifty day moving average price of $108.50 and a 200-day moving average price of $103.35.

Brink’s (NYSE:BCO) last announced its earnings results on Wednesday, November 6th. The business services provider reported $1.51 earnings per share for the quarter, missing the consensus estimate of $1.79 by ($0.28). Brink’s had a return on equity of 69.80% and a net margin of 2.73%. The business had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.27 billion. During the same quarter last year, the firm earned $1.92 earnings per share. The firm’s quarterly revenue was down 3.4% compared to the same quarter last year. On average, sell-side analysts expect that Brink’s will post 7.4 EPS for the current year.

Brink’s Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 4th will be paid a $0.2425 dividend. This represents a $0.97 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date of this dividend is Monday, November 4th. Brink’s’s dividend payout ratio (DPR) is presently 36.74%.

Analysts Set New Price Targets

A number of research firms recently commented on BCO. StockNews.com raised Brink’s from a “buy” rating to a “strong-buy” rating in a report on Friday, August 16th. Truist Financial decreased their price objective on Brink’s from $144.00 to $138.00 and set a “buy” rating for the company in a report 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 data from MarketBeat.com, Brink’s presently has an average rating of “Buy” and a consensus price target of $120.50.

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.