Brink’s Company (The) Forecasted to Post FY2017 Earnings of $2.75 Per Share (NYSE:BCO)

Brink’s Company (The) (NYSE:BCO) – Equities research analysts at Gabelli upped their FY2017 earnings per share estimates for shares of Brink’s Company (The) in a research report issued on Friday. Gabelli analyst A. Sinha now anticipates that the business services provider will post earnings per share of $2.75 for the year, up from their prior estimate of $2.65.

Several other equities research analysts have also commented on BCO. Imperial Capital upped their price target on Brink’s Company (The) from $65.00 to $72.00 and gave the stock an “outperform” rating in a research note on Monday. Zacks Investment Research upgraded Brink’s Company (The) from a “hold” rating to a “buy” rating and set a $68.00 price target for the company in a research note on Tuesday, May 2nd. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $59.33.

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Shares of Brink’s Company (NYSE:BCO) traded down 0.36% during trading on Monday, reaching $69.75. The company had a trading volume of 107,324 shares. The firm has a 50-day moving average of $66.54 and a 200 day moving average of $56.24. The firm has a market capitalization of $3.51 billion, a price-to-earnings ratio of 49.36 and a beta of 1.68. Brink’s Company has a 52 week low of $29.87 and a 52 week high of $70.60.

Brink’s Company (The) (NYSE:BCO) last announced its earnings results on Wednesday, April 26th. The business services provider reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.18. Brink’s Company (The) had a return on equity of 32.57% and a net margin of 2.34%. The company had revenue of $788.40 million during the quarter, compared to analysts’ expectations of $696.06 million. During the same period last year, the business posted $0.31 EPS. Brink’s Company (The)’s revenue for the quarter was up 9.2% on a year-over-year basis.

A number of hedge funds and other institutional investors have recently modified their holdings of BCO. Turner Investments LLC boosted its stake in shares of Brink’s Company (The) by 1.0% in the first quarter. Turner Investments LLC now owns 9,090 shares of the business services provider’s stock valued at $486,000 after buying an additional 90 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in shares of Brink’s Company (The) by 2.5% in the first quarter. State of Alaska Department of Revenue now owns 4,990 shares of the business services provider’s stock valued at $266,000 after buying an additional 120 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its stake in shares of Brink’s Company (The) by 1.9% in the first quarter. Municipal Employees Retirement System of Michigan now owns 10,260 shares of the business services provider’s stock valued at $548,000 after buying an additional 190 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in shares of Brink’s Company (The) by 1.1% in the second quarter. Louisiana State Employees Retirement System now owns 18,500 shares of the business services provider’s stock valued at $1,240,000 after buying an additional 200 shares during the last quarter. Finally, Franklin Resources Inc. boosted its stake in shares of Brink’s Company (The) by 4.8% in the fourth quarter. Franklin Resources Inc. now owns 5,911 shares of the business services provider’s stock valued at $244,000 after buying an additional 270 shares during the last quarter. 87.05% of the stock is owned by hedge funds and other institutional investors.

In related news, insider Thomas Colan sold 935 shares of the stock in a transaction dated Tuesday, May 9th. The stock was sold at an average price of $62.30, for a total value of $58,250.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Peter A. Feld sold 440,000 shares of the stock in a transaction dated Wednesday, May 3rd. The shares were sold at an average price of $60.43, for a total value of $26,589,200.00. The disclosure for this sale can be found here. Insiders sold 1,614,888 shares of company stock valued at $101,011,489 in the last ninety days. Company insiders own 10.40% of the company’s stock.

Brink’s Company (The) announced that its Board of Directors has initiated a stock buyback plan on Monday, May 8th that permits the company to buyback $200.00 million in outstanding shares. This buyback authorization permits the business services provider to buy up to 6.4% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Thursday, July 27th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.86%. The ex-dividend date of this dividend is Tuesday, July 25th. Brink’s Company (The)’s payout ratio is 42.55%.

Brink’s Company (The) Company Profile

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.

Earnings History and Estimates for Brink`s Company (The) (NYSE:BCO)

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