Brink's (NYSE:BCO) Stock Price Down 4.4% - Here's Why

Key Points

• Brink’s shares fell 4.4% to about $102.37 in mid-day trading, with volume down 63% from the average session.
• Despite the decline, recent results were stronger than expected: quarterly EPS was $2.13 versus the $2.04 consensus, while revenue rose 7% year over year to $1.39 billion. Analysts maintain a “Moderate Buy” consensus with a $154 target price.
• Brink’s announced a quarterly dividend of $0.255 per share, equivalent to a $1.02 annualized payout and a 1.0% yield; institutional investors own nearly 95% of the company’s stock.

Brink's Company (The) (NYSE:BCO - Get Free Report) traded down 4.4% during mid-day trading on Wednesday. The company traded as low as $102.01 and last traded at $102.3730. Approximately 169,403 shares changed hands during trading, a decline of 63% from the average session volume of 462,682 shares. The stock had previously closed at $107.13.

Wall Street Analysts Forecast Growth

BCO has been the topic of several recent research reports. Weiss Ratings downgraded shares of Brink's from a "hold (c+)" rating to a "hold (c)" rating in a research report on Thursday, October 8th. Wall Street Zen upgraded Brink's from a "hold" rating to a "buy" rating in a research note on Saturday. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $154.00.

Brink's Stock Down 4.6%

The company has a 50 day simple moving average of $107.02 and a two-hundred day simple moving average of $110.92. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 8.80. The company has a market capitalization of $4.21 billion, a P/E ratio of 23.72 and a beta of 0.97.

Brink's (NYSE:BCO - Get Free Report) last announced its earnings results on Wednesday, August 5th. The business services provider reported $2.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.04 by $0.09. Brink's had a return on equity of 87.18% and a net margin of 3.30%. The business had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same quarter in the previous year, the business earned $1.79 earnings per share. The company's revenue for the quarter was up 7.0% compared to the same quarter last year. Brink's has set its Q3 2026 guidance at 2.230-2.630 EPS. As a group, equities analysts predict that Brink's Company will post 9.13 EPS for the current year.

Brink's Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Monday, November 2nd will be given a dividend of $0.2550 per share. The ex-dividend date of this dividend is Monday, November 2nd. This represents a $1.02 dividend on an annualized basis and a yield of 1.0%. Brink's's dividend payout ratio is presently 23.61%.

Hedge Funds Weigh In On Brink's

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BCO. Verdence Capital Advisors LLC raised its position in shares of Brink's by 1.0% during the 3rd quarter. Verdence Capital Advisors LLC now owns 9,822 shares of the business services provider's stock worth $992,000 after acquiring an additional 94 shares in the last quarter. Valley National Advisers Inc. purchased a new stake in shares of Brink's in the 3rd quarter worth about $126,000. Simplicity Wealth LLC raised its stake in Brink's by 52.7% in the 3rd quarter. Simplicity Wealth LLC now owns 6,763 shares of the business services provider's stock valued at $683,000 after purchasing an additional 2,335 shares during the last quarter. Vest Financial LLC lifted its stake in shares of Brink's by 6.5% during the 3rd quarter. Vest Financial LLC now owns 69,821 shares of the business services provider's stock worth $7,051,000 after purchasing an additional 4,248 shares during the period. Finally, Sound Income Strategies LLC increased its stake in shares of Brink's by 1.6% during the 3rd quarter. Sound Income Strategies LLC now owns 69,202 shares of the business services provider's stock valued at $7,084,000 after acquiring an additional 1,060 shares during the last quarter. Hedge funds and other institutional investors own 94.96% of the company's stock.

About Brink's

Brink's Company NYSE: BCO is a global provider of security and logistics services. The company helps businesses, financial institutions, retailers, governments and other organizations protect, transport and manage cash, valuables and other high-value assets.

Its services include secure transportation, cash-in-transit operations, ATM replenishment and servicing, cash processing, vaulting, cash management and related payment services. Brink's also provides international logistics for precious metals, jewelry, gemstones, artwork and other valuables through its Brink's Global Services business.

Founded in 1859, Brink's serves customers across North America, Latin America, Europe, the Middle East, Africa and the Asia-Pacific region through a worldwide network of employees, vehicles and facilities.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.