Brink's Stock Price, News & Analysis (NYSE:BCO)

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Brink's in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" BCO shares.
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2 Wall Street analysts have issued 1-year price targets for Brink's' stock. Their BCO share price targets range from $90.00 to $92.00. On average, they expect the company's stock price to reach $91.00 in the next twelve months. This suggests a possible upside of 8.6% from the stock's current price.
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Brink's' stock was trading at $53.71 at the start of the year. Since then, BCO stock has increased by 56.0% and is now trading at $83.77.
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Brink's saw a increase in short interest in October. As of October 31st, there was short interest totaling 1,290,000 shares, an increase of 6.6% from the October 15th total of 1,210,000 shares. Based on an average daily volume of 236,200 shares, the days-to-cover ratio is presently 5.5 days. Currently, 2.9% of the company's stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 28th 2024.
View our BCO earnings forecast.

The Brink's Company (NYSE:BCO) posted its earnings results on Tuesday, November, 7th. The business services provider reported $1.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.79 by $0.13. The business services provider had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.23 billion. Brink's had a net margin of 2.90% and a trailing twelve-month return on equity of 49.69%. The business's revenue for the quarter was up 8.0% on a year-over-year basis. During the same period last year, the business earned $1.34 EPS.

Brink's announced a quarterly dividend on Thursday, September 21st. Shareholders of record on Monday, November 6th will be given a dividend of $0.22 per share on Friday, December 1st. This represents a $0.88 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend is Friday, November 3rd.
Read our dividend analysis for BCO.

Brink's (NYSE:BCO) pays an annual dividend of $0.88 per share and currently has a dividend yield of 1.07%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 29.73%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BCO will have a dividend payout ratio of 11.31% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BCO.

ETFs with the largest weight of Brink's (NYSE:BCO) stock in their portfolio include Schwab Ariel ESG ETF (SAEF).JPMorgan BetaBuilders U.S. Small Cap Equity ETF (BBSC).

Brink's announced that its board has approved a share repurchase plan on Thursday, November 2nd 2023, which authorizes the company to repurchase $500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to purchase up to 15.9% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's board believes its shares are undervalued.

Brink's updated its FY 2023 earnings guidance on Tuesday, November, 7th. The company provided earnings per share guidance of $6.45-$7.15 for the period, compared to the consensus EPS estimate of $6.73. The company issued revenue guidance of $4.80 billion-$4.95 billion, compared to the consensus revenue estimate of $4.88 billion.

180 employees have rated Brink's Chief Executive Officer Douglas A. Pertz on Glassdoor.com. Douglas A. Pertz has an approval rating of 44% among the company's employees. This puts Douglas A. Pertz in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Brink's investors own include Alibaba Group (BABA), AbbVie (ABBV), NVIDIA (NVDA), Boeing (BA), Energy Transfer (ET), Micron Technology (MU), AT&T (T), Applied Materials (AMAT), Intel (INTC) and Advanced Micro Devices (AMD).

Brink's' stock is owned by a variety of retail and institutional investors. Top institutional investors include FMR LLC (10.23%), William Blair Investment Management LLC (7.41%), Fuller & Thaler Asset Management Inc. (7.26%), Ariel Investments LLC (4.24%), American Century Companies Inc. (3.74%) and Boston Partners (2.59%). Insiders that own company stock include Arthelbert Louis Parker, Dominik Bossart, James K Parks, Michael F Beech, Michael F Beech, Michael J Herling, Raphael J Shemanski, Raphael J Shemanski, Rohan Pal, Simon Davis and Timothy Joseph Tynan.
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Shares of BCO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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