Brink's (NYSE:BCO) Stock, Quote.Headers.trade-ideas

Brink's

The Brink's Co is a Global provider of secure logistics and security solutions for cash and other valuables. In 2020, the company acquired the U.K.-based G4S that reorganized its operating segments to be North America, Latin America, Europe, and Rest of World. It generates maximum revenue from the North America segment, namely from its core business of cash-in-transit and ATM services. The Latin America and Europe segments trail North America in revenue earnings with the Brinks Global Services line of business that specializes in the secure transportation of high-valued commodities, such as jewelry, precious metals, banknotes, and electronics. Brink's customer base includes financial institutions, retails, government agencies, mints, and other commercial businesses.

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Cannabis

News

Exclusives

EXCLUSIVE: Discover how Green Check&#39;s partnership with PAI, powered by Brinks, aims to set new standards for cannabis ATM solutions.

EXCLUSIVE: Green Check, Brinks-Owned PAI Forge Partnership To Expand ATM Access For Cannabis Businesses

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Earnings

Guidance

SAEF

Brink&#39;s Co. (BCO) Q4 2023 sales grew 5% YoY to $1.246B, slightly below analyst estimate. Adjusted EPS of $2.76 beat consensus.

Brink&#39;s Q4 Earnings Beat Expectations, Sets Optimistic Targets For 2024

Equities

Markets

General

Brink&#39;s Company (NYSE: BCO) reported third-quarter FY23 sales growth of 8% year-on-year to $1.227 billion, 

Cash Handling Company Brink&#39;s Reports Solid Profit Margins, Thanks To Cost Initiatives

The Brink's Co

BANCO HIPOTECARIO 144A by Banco Hipotecario S.A.

Banco Hipotecario SA

L&G ALL COMMODITIES GO UCITS ETF

B Communications Ltd

BEACON HLDG CO INC by Beacon Holding Company, Inc.

Brightcove Inc

1895 Bancorp of Wisconsin, Inc. - Common Stock

1895 Bancorp of Wisconsin Inc

Brink's Continues To Expect FY24 Revenues Of $5.075B - $5.225B (Est. $5.139B), Adj EPS From Continuing Operations Of $7.30 - $8.00 (Est $7.59)

Brink's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BCO#NYSE">BCO</a>) reported quarterly earnings of $1.67 per share which beat the analyst consensus estimate of $1.47 by 13.61 percent. The company reported quarterly sales of $1.253 billion which missed the analyst consensus estimate of $1.259 billion by 0.52 percent. This is a 3.04 percent increase over sales of $1.216 billion the same period last year.

Earnings Beats

Earnings Misses

Brink's Q2 2024 Adj. EPS $1.67 Beats $1.47 Estimate, Sales $1.253B Miss $1.259B Estimate

Brink's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BCO#NYSE">BCO</a>) has outperformed the market over the past 10 years by 3.49% on an annualized basis producing an average annual return of 14.5%. Currently, Brink's has a market capitalization of $4.66 billion. 
Buying $100 In BCO: If an investor had bought $100 of BCO stock 10 years ago, it would be worth $388.86 today based on a price of $104.86 for BCO at the time of writing.
<h3>Brink's's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721142164_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Trading Ideas

If You Invested $100 In This Stock 10 Years Ago, You Would Have $400 Today

Brink's's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BCO#NYSE">BCO</a>) short percent of float has fallen 5.69% since its last report. The company recently reported that it has 1.02 million shares sold short, which is 3.48% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.05 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Brink's Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1720453520_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Brink's has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Brink's's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Brink's's peer group average for short interest as a percentage of float is 3.16%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Peering Into Brink's's Recent Short Interest

Brink's's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BCO#NYSE">BCO</a>) short percent of float has fallen 6.82% since its last report. The company recently reported that it has 1.08 million shares sold short, which is 3.69% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.52 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Brink's Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1718208921_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Brink's has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Brink's's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Brink's's peer group average for short interest as a percentage of float is 3.06%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

(BCO) - Analyzing Brink's's Short Interest

William Blair analyst Tim Mulrooney initiates coverage on Brink's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BCO#NYSE">BCO</a>) with a Outperform rating.

Initiation

Analyst Ratings

William Blair Initiates Coverage On Brink's with Outperform Rating

Brink's Affirms FY24 Guidance For Revenue Of $5.075B-$5.225B (Est $5.145B), Adj EPS From Continuing Operations Of $7.30-$8.00 (Est $7.62)

Brink's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BCO#NYSE">BCO</a>) reported quarterly earnings of $1.52 per share which beat the analyst consensus estimate of $1.23 by 23.58 percent. The company reported quarterly sales of $1.236 billion which beat the analyst consensus estimate of $1.210 billion by 2.12 percent. This is a 4.30 percent increase over sales of $1.185 billion the same period last year.

Brink's Q1 2024 Adj EPS $1.52 Beats $1.23 Estimate, Sales $1.236B Beat $1.210B Estimate

The dividend is payable on June 3, 2024, to shareholders of record on May 13, 2024.

Dividends

Brink's Boosts Dividend By 10% From $0.22 To $0.2425 Per Share

In an onstage announcement at the <a href="https://www.benzinga.com/events/cannabis-conference/" target="_blank" rel="noreferrer noopener">Benzinga Cannabis Capital Conference</a> on Tuesday morning, Green Check, a leader in fintech for the <a href="https://www.benzinga.com/cannabis" target="_blank" rel="noreferrer noopener">cannabis market</a>, revealed its collaboration with Payment Alliance International (PAI), powered by Brinks (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BCO#NYSE">BCO</a>). This strategic alliance aims to offer robust, integrated ATM solutions to cannabis operators, enhancing their revenue protection and compliance.
The partnership was announced by Kevin Hart, founder and CEO of Green Check, during a panel at the Benzinga conference that which delves into the complexities of banking for cannabis businesses.
<figure class="wp-block-image size-full is-resized"><img loading="lazy" decoding="async" width="300" height="250" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/15125114/2231044_CCCFloridaGIF_V2_031124-27-29.gif" alt="" class="wp-image-292332" style="width:184px;height:auto" /></figure>
<h3 class="wp-block-heading">Bridging Gaps In Cannabis Financial Services</h3>
The partnership is a response to the <a href="https://www.benzinga.com/markets/cannabis/24/01/36696075/how-to-get-a-bank-account-for-your-cannabis-business" target="_blank" rel="noreferrer noopener">urgent demand for comprehensive financial services</a> within the rapidly growing cannabis sector. By leveraging Green Check&#8217;s extensive network, PAI seeks to reach a wider range of cannabis operators, providing them with seamless ATM services.&nbsp;
The collaboration supports the expansion of Green Check&#8217;s financial and business services for state-licensed cannabis companies while simultaneously enhancing financial institutions&#8217; confidence in the compliant operations of these businesses.
<h3 class="wp-block-heading">Unlocking Growth In Cash-Dominant Industry</h3>
&#8220;Within the more than 9,000 cannabis businesses currently on the Green Check Connect marketplace, our data shows more than 70% of the $7.8 billion processed over the last 12 months was cash-based,&#8221; said Hart, referring to the <a href="https://www.benzinga.com/markets/cannabis/24/03/37828077/irs-clarifies-cash-reporting-for-marijuana-businesses-reveals-no-automatic-suspicious-activity" target="_blank" rel="noreferrer noopener">predominance of cash transactions</a> in the industry.
"With cash currency still holding the lion&#8217;s share of transactions in the cannabis industry, it is imperative to have reliable, trusted integrated ATM cash management solutions that support cannabis operators' growth and success. We're excited to partner with PAI to do just that," Hart added, emphasizing the potential of the service announced by the partnership.
With both Green Check and PAI participating in <a href="https://www.benzinga.com/events/cannabis-conference/" target="_blank" rel="noreferrer noopener">Benzinga&#8217;s Cannabis Conference</a> in Hollywood, Florida, their alliance marks a pivotal move toward greater transparency and normalization in the cannabis sector.
Read also: <a href="https://www.benzinga.com/markets/cannabis/24/02/37407284/green-check-verified-ceo-to-talk-cannabis-banking-revolution-on-heels-of-6m-funding-round" target="_blank" rel="noreferrer noopener">Green Check Verified CEO Kevin Hart To Talk Cannabis Banking Revolution On Heels Of $6M Funding Round</a>
The<a href="https://www.benzinga.com/events/cannabis-conference/"> Benzinga Cannabis Capital Conference</a> is happening this week at<a href="https://www.benzinga.com/events/cannabis-conference/"> The Diplomat Beach Resort</a> in Hollywood, Florida on April 16-17. The two-day event is a chance for entrepreneurs, both large and small, to network, learn and grow. Renowned for its trendsetting abilities and influence on the future of cannabis. This conference is the go-to event of the year for the cannabis world.
Photo: Benzinga edit with&nbsp;<a target="_blank" href="https://media.licdn.com/dms/image/C4D03AQE-OBNsz0JvKw/profile-displayphoto-shrink_800_800/0/1534584891971?e=2147483647&amp;v=beta&amp;t=vC0gD0m_Bh9XZERKAeGEw1q7oa5bUpCUiCw_7Ajmrck" rel="noreferrer noopener">photo</a>&nbsp;and&nbsp;<a target="_blank" href="https://www.linkedin.com/company/green-check-inc" rel="noreferrer noopener">logo</a>&nbsp;via LinkedIn

Netevia a leading fintech company known for its innovative banking services, has announced a strategic partnership with BLUbeem by Brink&#39;s, a product brand of The Brinks Company, a leading provider of cash and valuables management, digital retail solutions, and ATM Managed Services.

Restaurants

Netevia And BLUbeem By Brink's Partner To Enhance Financial Offerings For Retail and Hospitality Industries

Goldman Sachs analyst George Tong maintains Brink's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BCO#NYSE">BCO</a>) with a Buy and raises the price target from $98 to $103.

Price Target

Goldman Sachs Maintains Buy on Brink's, Raises Price Target to $103

Brink&#8217;s Company&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BCO#NYSE">BCO</a>) fourth-quarter fiscal 2023 sales growth of 5% year-on-year to $1.246 billion, marginally missing the analyst consensus&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/02/g37388857/brinks-announces-fourth-quarter-and-full-year-2023-results" rel="noreferrer noopener">estimate of $1.247 billion</a>.
Adjusted EPS of $2.76 beat the analyst&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">consensus of $2.53</a>.
Revenue from North America slipped to $403.7 million from $413.1 million Y/Y, Latin America increased to $343.3 million from $311.9 million Y/Y, and Europe jumped to $294.4 million from $262.6 million Y/Y.
Adjusted operating profit rose 1% Y/Y to $190 million, and the corresponding operating margin increased 230 basis points Y/Y to 13.5%. GAAP operating margin declined 50 basis points to 15.2%.
Adjusted EBITDA rose to $251.9 million from $247.4 million Y/Y.
The company held $1.7 billion in cash and equivalents as of Dec. 31, 2023. Operating cash flow totaled $702 million, with a free cash flow of $393 million for the fiscal year.
Mark Eubanks, president and CEO, said: &#8220;Looking into 2024, we expect to drive mid-single digit revenue growth, with continued double-digit organic growth in AMS and DRS.&#8221;
FY24 Outlook: Brinks expects adjusted revenue of $5.075 billion &#8211; $5.225 billion versus the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">consensus of $5.10 billion</a>.
BCO projects adjusted EPS of $7.30 &#8211; $8.00 versus the consensus of $7.83.
The company expects an adjusted EBITDA of $935 million to $985 million.
The Schwab Ariel ESG ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAEF#NYSE">SAEF</a>) has 3% exposure to Brinks and gained close to 5% last month. 
Price Action: BCO shares were up 2.5% at $81.56 at the time of publication Tuesday.
Now Read: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/02/37398566/inflation-tamed-analysts-believe-the-feds-job-is-done-most-predict-june-rate-cut">Inflation Tamed: Analysts Believe Fed&#8217;s Job Is Done — Most Predict June Rate Cut</a>
Photo: Shutterstock

Brink's Q4 Earnings Beat Expectations, Sets Optimistic Targets For 2024

Brink's Expects 2024 Revenue Of $5.075B-$5.225B (Est $5.095B), Adj EPS Of $7.30-$8.00 (Est $7.83)

Brink&#39;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BCO#NYSE">BCO</a>) reported quarterly Adj earnings of $2.76 per share which beat the analyst consensus estimate of $2.53 by 9.09 percent. This is a 31.43 percent increase over earnings of $2.10 per share from the same period last year. The company reported quarterly sales of $1.246 billion which missed the analyst consensus estimate of $1.247 billion by 0.08 percent. This is a 4.62 percent increase over sales of $1.19 billion the same period last year.

Brink's Q4 Adj EPS $2.76 Beats $2.53 Estimate, Sales $1.246B Miss $1.247B Estimate

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Melco Resorts & Entertainment Limited - American Depositary Shares

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Earnings Scheduled For February 29, 2024

Truist Securities analyst Tobey Sommer maintains Brink's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BCO#NYSE">BCO</a>) with a Buy and raises the price target from $90 to $110.

Truist Securities Maintains Buy on Brink's, Raises Price Target to $110

WIIM

Brink's shares are trading higher after the company reported strong Q3 results and announced a $500 million buyback program.

Brink&#39;s Company&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bco#NYSE">BCO</a>) reported third-quarter FY23 sales growth of 8% year-on-year to $1.227 billion,&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/23/11/g35641113/brinks-announces-record-third-quarter-results" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">marginally beating the analyst consensus estimate of $1.226 billion.</a>
Revenue from North America slipped 1% to $398 million, Latin America increased 13% to $340 million, and Europe jumped 31% to $288 million.
Non-GAAP operating profit rose 31% Y/Y to $166 million, and the corresponding operating margin increased 230 basis points Y/Y to 13.5%. GAAP operating margin improved 600 basis points to 11.2%.
Adjusted EBITDA rose 22% Y/Y to $231 million in the quarter.
The company held $1.32 billion in cash and equivalents as of September 30, 2023. Operating cash flow year-to-date totaled $293 million with a free cash flow of $216 million.
Adjusted EPS of $1.92&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/calendars/earnings" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">beat the analyst consensus&nbsp;</a>of $1.79.
On November 2, 2023, the Brink&#39;s Board approved a new $500 million share&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/23/11/g35579866/brinks-announces-additional-500-million-share-repurchase-authorization" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">repurchase authorization expiring on December 31, 2025.</a>
Outlook: Brink&#39;s still sees FY23 revenue of $4.8 billion - $4.95 billion versus the consensus of $4.88 billion.
BCO sees FY23 Adjusted EPS of $6.45 - $7.15 versus the consensus of $6.73.
The company expects FY23 adjusted EBITDA of $865 million - $915 million with Adjusted EBITDA margin currently seen at 17.5% - 19%.
Price Action: BCO shares traded higher by 7.43% at $75.89 on the last check Tuesday.

Cash Handling Company Brink's Reports Solid Profit Margins, Thanks To Cost Initiatives

Buybacks

Brink's Announces $500M Buyback Program

Fidelity Stock Selector Mid Cap Fund Q2 2024 Review

The Brink's Q2 2024 Earnings Preview

Here is the next potential market catalyst

The Brink's reports mixed Q2 results; reaffirms FY24 outlook

Brink's Company (BCO) just unveiled an announcement. On August 7, 2024, the Company released a set of slides to complement its earnings presentatio...

Brink's Company Enhances Earnings Presentation with Slides

The Brink's Company 2024 Q2 - Results - Earnings Call Presentation

The Brink's Company (BCO) Q2 2024 Earnings Call Transcript

There's a lot to be optimistic about in the Industrial Goods sector as 3 analysts just weighed in on Global Payments (GPN – Research Report), Brink...

Analysts Are Bullish on Top Industrial Goods Stocks: Global Payments (GPN), Brink's Company (BCO)

There's a lot to be optimistic about in the Industrial Goods sector as 3 analysts just weighed in on Janus International Group (JBI – Research Repo...

Analysts Offer Insights on Industrial Goods Companies: Janus International Group (JBI), Joby Aviation (JOBY) and Brink's Company (BCO)

The Brink's Company: Robust Performance Outlook Over The Medium Term

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Press Releases

Brink's Schedules First-Quarter 2024 Earnings Release and Conference Call for May 8, 2024

Brink's Announces 10% Dividend Increase

Brink's Announces Strong First-Quarter Results and Affirms Full Year Guidance

Brink's Announces Plans for $400 Million Senior Notes Offering

Financing

Brink's Prices $400 Million 5-Year and $400 Million 8-Year Senior Notes Offering

Brink's Closes $400 Million 5-Year and $400 Million 8-Year Senior Notes Offering

Brink's Declares Quarterly Dividend

Brink's Schedules Second-Quarter 2024 Earnings Release and Conference Call for August 7, 2024

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Brink's

Brink's (BCO) Forecast

Brink's (NYSE:BCO) Stock, Quote.Headers.trade-ideas