Brink’s (NYSE:BCO) Releases Quarterly Earnings Results, Misses Expectations By $0.35 EPS

Brink’s (NYSE:BCO) announced its earnings results on Wednesday. The business services provider reported $1.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.86 by ($0.35), Briefing.com reports. The business had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.27 billion. Brink’s had a return on equity of 69.80% and a net margin of 2.73%. The business’s revenue was down 3.4% on a year-over-year basis. During the same quarter last year, the business posted $1.92 earnings per share. Brink’s updated its FY 2024 guidance to 6.500-6.800 EPS and its FY24 guidance to $6.50-6.80 EPS.

Brink’s Trading Down 2.1 %

Shares of Brink’s stock traded down $2.17 during mid-day trading on Thursday, hitting $100.51. 324,876 shares of the stock were exchanged, compared to its average volume of 258,665. The stock has a market capitalization of $4.44 billion, a price-to-earnings ratio of 34.69 and a beta of 1.44. Brink’s has a twelve month low of $72.68 and a twelve month high of $115.91. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 7.78. The company has a 50-day simple moving average of $108.68 and a 200 day simple moving average of $103.37.

Brink’s Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 4th will be issued a $0.2425 dividend. The ex-dividend date of this dividend is Monday, November 4th. This represents a $0.97 dividend on an annualized basis and a yield of 0.97%. Brink’s’s dividend payout ratio (DPR) is 32.77%.

Wall Street Analysts Forecast Growth

BCO has been the subject of several analyst reports. StockNews.com upgraded Brink’s from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 16th. Truist Financial dropped their price objective on Brink’s from $144.00 to $138.00 and set a “buy” rating on the stock in a report on Thursday. Three equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $120.50.

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.