The Brink’s (NYSE: BCO) Releases Fiscal 2021 Profit Guidance
The Brink’s (NYSE: BCO) updated its fiscal 2021 profit forecast on Tuesday. The company provided an EPS forecast of – $ – for the period. The company released a revenue forecast of $ 4.45 billion to $ 4.45 billion, compared to a consensus revenue estimate of $ 4.41 billion.
Several analysts recently published reports on the company. The Goldman Sachs group reiterated a buy note and issued a price target of $ 92.00 on The Brink’s shares in a report released on Wednesday, March 3. Zacks investment research upgraded The Brink’s from a maintain rating to a buy rating and set a price target of $ 90.00 for the company in a report released on Friday, April 30.
NYSE: BCO traded at $ 1.06 on Tuesday, reaching $ 74.30. The stock had a trade volume of 962 shares, compared to its average volume of 308,813. The company has a current ratio of 1.40, a quick ratio of 1.40, and a leverage ratio of 10, 78. The 50-day moving average price of the stock is $ 78.06. The company has a market cap of $ 3.70 billion, a PE ratio of 135.09 and a beta of 1.56. The Brink’s has a 12-month low of $ 37.08 and a 12-month high of $ 84.72.
The Brink’s (NYSE: BCO) last released its quarterly earnings data on Tuesday, April 27. The business services provider reported earnings per share of $ 0.82 for the quarter, beating analysts’ consensus estimates of $ 0.76 by $ 0.06. The company posted revenue of $ 977.70 million in the quarter, compared to analysts’ expectations of $ 973.96 million. The Brink’s had a net margin of 0.74% and a return on equity of 102.22%. The company’s revenue for the quarter increased 12.0% year-over-year. During the same period of the previous year, the company posted EPS of $ 0.49. As a group, equity analysts predict The Brink’s will post 4.94 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 1. Shareholders of record on Monday, May 17 received a dividend of $ 0.20. This is a boost from The Brink’s previous quarterly dividend of $ 0.15. This represents a dividend of $ 0.80 on an annualized basis and a return of 1.08%. The ex-dividend date of this dividend was Friday May 14. Brink’s dividend payout ratio is currently 21.28%.
In other news from The Brink’s, Executive Vice President Raphael J. Shemanski sold 5,000 shares of the company in a transaction dated Wednesday, March 10. The shares were sold at an average price of $ 83.09, for a total value of $ 415,450.00. The transaction was disclosed in a legal file with the Securities & Exchange Commission, accessible via this hyperlink. Company insiders own 3.64% of the company’s shares.
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 transport by armored vehicle of valuables; automated teller machine (ATM) management services, such as cash replenishment, replenishment forecasting, cash optimization, remote ATM monitoring, dispatch of service calls, transaction processing, installation and maintenance services first and foremost and second line; network infrastructure; and CIT services.
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