William Blair Forecasts Brink’s’ FY2024 Earnings (NYSE:BCO)

The Brink’s Company (NYSE:BCO) – Equities research analysts at William Blair reduced their FY2024 earnings per share (EPS) estimates for shares of Brink’s in a report issued on Wednesday, November 6th. William Blair analyst T. Mulrooney now forecasts that the business services provider will post earnings per share of $6.51 for the year, down from their prior forecast of $7.44. The consensus estimate for Brink’s’ current full-year earnings is $6.51 per share. William Blair also issued estimates for Brink’s’ Q4 2024 earnings at $1.80 EPS, Q3 2025 earnings at $1.98 EPS, Q4 2025 earnings at $2.44 EPS and FY2025 earnings at $7.77 EPS.

Brink’s (NYSE:BCO) last announced its earnings results on Wednesday, November 6th. The business services provider reported $1.51 EPS for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.28). Brink’s had a net margin of 2.37% and a return on equity of 71.46%. The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter last year, the firm posted $1.92 EPS. The business’s quarterly revenue was down 3.4% on a year-over-year basis.

A number of other equities analysts have also recently issued reports on BCO. Truist Financial dropped their price target on shares of Brink’s from $144.00 to $138.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. StockNews.com upgraded shares of Brink’s from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 16th. Three research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $120.50.

Brink’s Stock Performance

Shares of BCO stock opened at $96.63 on Monday. Brink’s has a 12 month low of $73.10 and a 12 month high of $115.91. The stock has a market cap of $4.22 billion, a PE ratio of 36.60 and a beta of 1.44. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 8.76. The company’s fifty day moving average price is $107.86 and its 200-day moving average price is $103.78.

Hedge Funds Weigh In On Brink’s

A number of hedge funds have recently bought and sold shares of the business. US Bancorp DE raised its position in Brink’s by 7.1% in the 3rd quarter. US Bancorp DE now owns 1,584 shares of the business services provider’s stock worth $183,000 after buying an additional 105 shares during the last quarter. Arizona State Retirement System raised its position in Brink’s by 1.1% in the 2nd quarter. Arizona State Retirement System now owns 12,521 shares of the business services provider’s stock worth $1,282,000 after buying an additional 140 shares during the last quarter. Quarry LP raised its position in Brink’s by 21.4% in the 2nd quarter. Quarry LP now owns 852 shares of the business services provider’s stock worth $87,000 after buying an additional 150 shares during the last quarter. Inspire Investing LLC raised its position in Brink’s by 4.6% in the 3rd quarter. Inspire Investing LLC now owns 3,567 shares of the business services provider’s stock worth $412,000 after buying an additional 156 shares during the last quarter. Finally, Measured Wealth Private Client Group LLC raised its position in Brink’s by 7.0% in the 3rd quarter. Measured Wealth Private Client Group LLC now owns 2,774 shares of the business services provider’s stock worth $321,000 after buying an additional 181 shares during the last quarter. Hedge funds and other institutional investors own 94.96% of the company’s stock.

Brink’s Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 4th will be given a $0.2425 dividend. This represents a $0.97 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date is Monday, November 4th. Brink’s’s dividend payout ratio (DPR) is 36.74%.

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.