William Blair Weighs in on The Brink’s Company’s Q3 2024 Earnings (NYSE:BCO)

The Brink’s Company (NYSE:BCO) – Analysts at William Blair dropped their Q3 2024 earnings estimates for Brink’s in a report issued on Wednesday, August 7th. William Blair analyst T. Mulrooney now expects that the business services provider will earn $1.88 per share for the quarter, down from their prior forecast of $2.15. William Blair has a “Outperform” rating on the stock. The consensus estimate for Brink’s’ current full-year earnings is $7.56 per share. William Blair also issued estimates for Brink’s’ Q4 2024 earnings at $2.53 EPS, FY2024 earnings at $7.58 EPS and FY2025 earnings at $9.05 EPS.

Brink’s (NYSE:BCO) last issued its quarterly earnings data on Wednesday, August 7th. The business services provider reported $1.67 earnings per share for the quarter, beating analysts’ consensus estimates of $1.47 by $0.20. The company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.26 billion. Brink’s had a net margin of 2.46% and a return on equity of 59.84%. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.18 earnings per share.

Separately, StockNews.com downgraded shares of Brink’s from a “strong-buy” rating to a “buy” rating in a research report on Thursday. Four equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Brink’s has an average rating of “Buy” and a consensus target price of $106.50.

Brink’s Stock Up 0.3 %

BCO opened at $95.98 on Friday. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 6.37. Brink’s has a 1-year low of $64.15 and a 1-year high of $113.63. The company has a market capitalization of $4.27 billion, a PE ratio of 36.77 and a beta of 1.46. The firm’s 50 day simple moving average is $103.12 and its two-hundred day simple moving average is $93.24.

Brink’s Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Monday, July 29th will be given a dividend of $0.2425 per share. The ex-dividend date of this dividend is Monday, July 29th. This represents a $0.97 annualized dividend and a dividend yield of 1.01%. Brink’s’s payout ratio is 37.16%.

Institutional Trading of Brink’s

Several institutional investors and hedge funds have recently modified their holdings of the company. Arizona State Retirement System raised its position in shares of Brink’s by 1.1% during the 2nd quarter. Arizona State Retirement System now owns 12,521 shares of the business services provider’s stock valued at $1,282,000 after purchasing an additional 140 shares during the period. Retirement Systems of Alabama raised its position in shares of Brink’s by 0.3% during the 1st quarter. Retirement Systems of Alabama now owns 56,573 shares of the business services provider’s stock valued at $5,226,000 after purchasing an additional 148 shares during the period. Covestor Ltd raised its position in shares of Brink’s by 154.8% during the 1st quarter. Covestor Ltd now owns 316 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 192 shares during the period. Natixis Advisors LLC grew its stake in Brink’s by 0.9% during the second quarter. Natixis Advisors LLC now owns 21,543 shares of the business services provider’s stock valued at $2,206,000 after acquiring an additional 199 shares in the last quarter. Finally, Parkside Financial Bank & Trust grew its stake in Brink’s by 13.9% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,723 shares of the business services provider’s stock valued at $152,000 after acquiring an additional 210 shares in the last quarter. 94.96% of the stock is currently owned by institutional investors.

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.