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

Brink’s (NYSE:BCO) issued an update on its FY24 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $6.50-6.80 for the period, compared to the consensus 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.

Brink’s Trading Down 0.1 %

Shares of BCO stock opened at $103.74 on Wednesday. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 7.78. The business has a 50-day moving average price of $108.80 and a two-hundred day moving average price of $103.38. Brink’s has a 12-month low of $69.92 and a 12-month high of $115.91. The firm has a market cap of $4.58 billion, a P/E ratio of 35.05 and a beta of 1.44.

Brink’s (NYSE:BCO) last issued its quarterly earnings results on Wednesday, August 7th. The business services provider reported $1.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.20. Brink’s had a return on equity of 69.80% and a net margin of 2.73%. The firm had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same quarter in the previous year, the company posted $1.18 earnings per share. The company’s revenue was up 3.0% compared to the same quarter last year. Equities analysts anticipate that Brink’s will post 7.4 EPS for the current fiscal year.

Brink’s Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 4th will be paid a dividend of $0.2425 per share. This represents a $0.97 annualized dividend and a yield of 0.94%. The ex-dividend date is Monday, November 4th. Brink’s’s dividend payout ratio (DPR) is currently 32.77%.

Analyst Ratings Changes

BCO has been the subject of several research analyst reports. Truist Financial lifted their price target on 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 raised Brink’s from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 16th. Three analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and an average target price 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.