Brink's (NYSE:BCO) Announces Earnings Results, Beats Estimates By $0.29 EPS

Brink's (NYSE:BCO - Get Free Report) issued its quarterly earnings data on Wednesday. The business services provider reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.29, Briefing.com reports. The business had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.21 billion. Brink's had a return on equity of 55.36% and a net margin of 1.77%. The business's revenue was up 4.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.16 earnings per share. Brink's updated its FY 2024 guidance to 7.300-8.000 EPS and its FY24 guidance to $7.30-8.00 EPS.

Brink's Stock Up 3.9 %

Brink's stock traded up $3.65 during trading on Thursday, reaching $96.61. 495,417 shares of the company's stock were exchanged, compared to its average volume of 216,925. The company's 50-day moving average is $87.83 and its two-hundred day moving average is $82.85. The company has a debt-to-equity ratio of 6.27, a quick ratio of 1.43 and a current ratio of 1.43. Brink's has a 52-week low of $63.35 and a 52-week high of $98.31. The firm has a market cap of $4.32 billion, a price-to-earnings ratio of 53.08 and a beta of 1.39.

Brink's Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Monday, May 13th will be paid a $0.243 dividend. This represents a $0.97 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date is Friday, May 10th. This is an increase from Brink's's previous quarterly dividend of $0.22. Brink's's dividend payout ratio (DPR) is currently 53.30%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. The Goldman Sachs Group upped their price objective on shares of Brink's from $98.00 to $103.00 and gave the company a "buy" rating in a research note on Friday, March 1st. TheStreet cut shares of Brink's from a "b" rating to a "c+" rating in a research note on Wednesday, March 13th. Finally, Truist Financial increased their target price on Brink's from $90.00 to $110.00 and gave the stock a "buy" rating in a research report on Wednesday, February 28th.

Insiders Place Their Bets

In other news, Director Keith R. Wyche sold 400 shares of the business's stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $82.37, for a total transaction of $32,948.00. Following the transaction, the director now directly owns 665 shares of the company's stock, valued at $54,776.05. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.49% of the stock is currently owned by insiders.

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.