Brink’s (NYSE:BCO) Releases FY24 Earnings Guidance

Brink’s (NYSE:BCO) updated its FY24 earnings guidance on Wednesday. The company provided earnings per share guidance of $6.50-6.80 for the period, compared to the consensus earnings per share estimate of $7.45. The company issued revenue guidance of $5.0-5.2 billion, compared to the consensus revenue estimate of $5.07 billion. Brink’s also updated its FY 2024 guidance to 6.500-6.800 EPS.

Analysts Set New Price Targets

BCO has been the topic of a number of research reports. StockNews.com raised shares of Brink’s from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 16th. Truist Financial lowered their target price on Brink’s from $144.00 to $138.00 and set a “buy” rating for the company in a research note on Thursday. Three investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $120.50.

Brink’s Stock Down 0.9 %

NYSE:BCO traded down $0.94 during trading hours on Friday, reaching $99.57. 414,752 shares of the company traded hands, compared to its average volume of 259,385. The stock has a market capitalization of $4.39 billion, a P/E ratio of 38.07 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 7.78. Brink’s has a 1 year low of $72.68 and a 1 year high of $115.91. The business’s 50-day moving average price is $108.50 and its two-hundred day moving average price is $103.35.

Brink’s (NYSE:BCO) last released its quarterly earnings results on Wednesday, November 6th. The business services provider reported $1.51 earnings per share for the quarter, missing the consensus estimate of $1.79 by ($0.28). Brink’s had a net margin of 2.73% and a return on equity of 69.80%. The firm had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same period in the previous year, the company earned $1.92 earnings per share. Brink’s’s quarterly revenue was down 3.4% compared to the same quarter last year. Analysts predict that Brink’s will post 7.4 earnings per share for the current year.

Brink’s Dividend Announcement

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