According to Zacks, “The Brinks Company is the global leader in total cash management, secure route-based logistics and payment solutions including cash-in-transit, ATM services, cash management services (including vault outsourcing, money processing and intelligent safe services), and international transportation of valuables. Their customers include financial institutions, retailers, government agencies, mints, jewelers and other commercial operations. Their global network of operations in 41 countries serves customers in more than 100 countries. “
Separately, ValuEngine cut The Brink’s from a “hold” rating to a “sell” rating in a research note on Saturday, October 31st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. The Brink’s presently has a consensus rating of “Hold” and a consensus target price of $90.60.
NYSE BCO traded down $2.49 during trading on Thursday, hitting $69.90. The stock had a trading volume of 366,698 shares, compared to its average volume of 585,691. The firm has a 50 day moving average price of $50.86 and a 200 day moving average price of $45.68. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 14.00. The company has a market capitalization of $3.46 billion, a PE ratio of -279.60 and a beta of 1.17. The Brink’s has a twelve month low of $33.17 and a twelve month high of $97.12.
The Brink’s (NYSE:BCO) last announced its quarterly earnings data on Thursday, October 29th. The business services provider reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.45. The business had revenue of $971.00 million during the quarter, compared to analysts’ expectations of $869.17 million. The Brink’s had a positive return on equity of 95.65% and a negative net margin of 0.33%. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.05 EPS. On average, sell-side analysts anticipate that The Brink’s will post 2.9 earnings per share for the current year.
Hedge funds have recently bought and sold shares of the stock. Advisor Group Holdings Inc. purchased a new stake in The Brink’s during the first quarter worth approximately $48,000. CSat Investment Advisory L.P. lifted its stake in The Brink’s by 2,650.9% during the second quarter. CSat Investment Advisory L.P. now owns 2,916 shares of the business services provider’s stock worth $133,000 after purchasing an additional 2,810 shares during the last quarter. Eudaimonia Partners LLC purchased a new stake in The Brink’s in the third quarter valued at approximately $137,000. Verition Fund Management LLC purchased a new stake in The Brink’s in the second quarter valued at approximately $209,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in The Brink’s by 15.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,265 shares of the business services provider’s stock valued at $240,000 after buying an additional 708 shares during the last quarter. Hedge funds and other institutional investors own 97.69% of the company’s stock.
The Brink’s Company Profile
The Brink’s Company provides secure transportation, cash management, and other security-related services in North America, South America, and internationally. The company offers armored vehicle transportation of valuables; automated teller machine (ATM) services, such as cash replenishment, replenishment forecasting, cash optimization, ATM remote monitoring, service call dispatching, transaction processing, installation, and first and second line maintenance services; and network infrastructure services.
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