FY2024 Earnings Forecast for Brink’s Issued By William Blair

The Brink’s Company (NYSE:BCO) – Analysts at William Blair dropped their FY2024 earnings per share estimates for shares of Brink’s in a research note issued to investors on Wednesday, November 6th. William Blair analyst T. Mulrooney now anticipates that the business services provider will earn $6.51 per share for the year, down from their prior estimate 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.

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

Brink’s Price Performance

Shares of NYSE:BCO opened at $96.63 on Monday. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 8.76. The stock has a market cap of $4.22 billion, a PE ratio of 36.60 and a beta of 1.44. The company’s fifty day moving average is $107.86 and its 200 day moving average is $103.78. Brink’s has a 52 week low of $73.10 and a 52 week high of $115.91.

Brink’s (NYSE:BCO) last issued its quarterly 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). The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.27 billion. Brink’s had a net margin of 2.37% and a return on equity of 71.46%. The firm’s revenue was down 3.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.92 earnings per share.

Institutional Trading of Brink’s

Several large investors have recently modified their holdings of the business. Larson Financial Group LLC lifted its holdings in Brink’s by 144.5% in the 3rd quarter. Larson Financial Group LLC now owns 2,423 shares of the business services provider’s stock worth $280,000 after buying an additional 1,432 shares during the period. Cerity Partners LLC raised its holdings in shares of Brink’s by 32.7% during the third quarter. Cerity Partners LLC now owns 14,378 shares of the business services provider’s stock valued at $1,663,000 after acquiring an additional 3,544 shares in the last quarter. Citigroup Inc. lifted its stake in Brink’s by 134.2% in the third quarter. Citigroup Inc. now owns 42,301 shares of the business services provider’s stock worth $4,892,000 after acquiring an additional 24,236 shares during the period. Raymond James Trust N.A. bought a new stake in Brink’s in the third quarter valued at $412,000. Finally, Intech Investment Management LLC increased its position in Brink’s by 43.6% during the 3rd quarter. Intech Investment Management LLC now owns 13,115 shares of the business services provider’s stock valued at $1,517,000 after purchasing an additional 3,982 shares during the period. 94.96% of the stock is owned by institutional investors.

Brink’s Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 4th will be issued a dividend of $0.2425 per share. The ex-dividend date of this dividend is Monday, November 4th. This represents a $0.97 dividend on an annualized basis and a dividend yield of 1.00%. Brink’s’s dividend payout ratio is currently 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.