Brink's (NYSE:BCO) Stock Price Up 10.5% After Better-Than-Expected Earnings

Key Points

• Brink's Company shares surged 10.5% after reporting better-than-expected quarterly earnings of $1.79 EPS, exceeding analysts' estimates by $0.36.
• The company announced a quarterly dividend of $0.255, with an annualized dividend yield of 1.0%, and a dividend payout ratio of 27.57%.
• Despite the positive earnings report, Wall Street Zen downgraded Brink's from a "buy" to a "hold" rating on its shares.

Brink's Company (The) (NYSE:BCO - Get Free Report) was up 10.5% during mid-day trading on Wednesday following a better than expected earnings announcement. The stock traded as high as $96.37 and last traded at $97.94. Approximately 439,772 shares were traded during mid-day trading, an increase of 43% from the average daily volume of 306,484 shares. The stock had previously closed at $88.66.

The business services provider reported $1.79 earnings per share for the quarter, topping analysts' consensus estimates of $1.43 by $0.36. Brink's had a return on equity of 86.86% and a net margin of 3.21%. The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same quarter in the prior year, the company earned $1.67 earnings per share. The company's revenue was up 3.8% on a year-over-year basis.

Brink's Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Monday, July 28th will be issued a dividend of $0.255 per share. The ex-dividend date of this dividend is Monday, July 28th. This represents a $1.02 dividend on an annualized basis and a yield of 1.0%. Brink's's dividend payout ratio (DPR) is presently 27.57%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered shares of Brink's from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd.

Institutional Trading of Brink's

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Police & Firemen s Retirement System of New Jersey grew its holdings in Brink's by 3.4% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 9,899 shares of the business services provider's stock valued at $884,000 after purchasing an additional 329 shares during the last quarter. Boston Partners lifted its stake in shares of Brink's by 80.3% during the 2nd quarter. Boston Partners now owns 548,366 shares of the business services provider's stock worth $48,916,000 after purchasing an additional 244,242 shares during the period. Vise Technologies Inc. acquired a new stake in Brink's in the 2nd quarter worth about $608,000. Fourth Sail Capital LP acquired a new position in Brink's during the second quarter worth approximately $25,135,000. Finally, Campbell & CO Investment Adviser LLC boosted its holdings in Brink's by 177.4% in the second quarter. Campbell & CO Investment Adviser LLC now owns 15,386 shares of the business services provider's stock valued at $1,374,000 after acquiring an additional 9,840 shares during the last quarter. Hedge funds and other institutional investors own 94.96% of the company's stock.

Brink's Stock Down 0.9%

The company has a current ratio of 1.51, a quick ratio of 1.52 and a debt-to-equity ratio of 9.84. The firm has a 50 day moving average price of $89.69 and a two-hundred day moving average price of $89.32. The firm has a market capitalization of $4.37 billion, a price-to-earnings ratio of 28.15 and a beta of 1.46.

Brink's Company Profile

The Brink's Co engages in providing cash management services, digital retail solutions, and ATM managed services. It operates through the following geographical segments: North America, Latin America, Europe, and Rest of World. The North America segment operates in the U.S. and Canada. The Latin America segment refers to the operations in Latin American countries.