Brink’s (BCO) Set to Announce Earnings on Wednesday

Brink’s (NYSE:BCO) will announce its earnings results before the market opens on Wednesday, November 6th. Analysts expect the company to announce earnings of $1.86 per share for the quarter. Brink’s has set its FY24 guidance at $7.30-$8.00 EPS and its FY 2024 guidance at 7.300-8.000 EPS.Investors that wish to listen to the company’s conference call can do so using this link.

Brink’s (NYSE:BCO) last announced its quarterly earnings data on Wednesday, August 7th. The business services provider reported $1.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.47 by $0.20. The firm had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.26 billion. Brink’s had a return on equity of 69.80% and a net margin of 2.73%. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period last year, the firm earned $1.18 earnings per share. On average, analysts expect Brink’s to post $7 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Brink’s Trading Down 0.1 %

NYSE BCO opened at $104.28 on Wednesday. The firm has a market cap of $4.60 billion, a PE ratio of 35.23 and a beta of 1.43. Brink’s has a 1-year low of $65.97 and a 1-year high of $115.91. The stock has a 50-day moving average of $109.17 and a 200-day moving average of $102.66. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 7.78.

Brink’s Announces Dividend

The business also recently disclosed 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. The ex-dividend date is Monday, November 4th. This represents a $0.97 annualized dividend and a yield of 0.93%. Brink’s’s payout ratio is currently 32.77%.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Truist Financial lifted their target price on shares of Brink’s from $110.00 to $144.00 and gave the stock a “buy” rating in a research note on Friday, September 20th. StockNews.com upgraded shares of Brink’s from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 16th. Three investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $123.50.

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.