logo
  

Brink's Maintains FY21 Outlook - Quick Facts

While reporting financial results for the thirdd quarter on Wednesday, The Brink's Co. (BCO) maintained its earnings, adjusted earnings and revenue guidance for the full-year 2021. It also provided revenue outlook for the full-year 2022.

For fiscal 2021, the company still projects earnings from continuing operations in a range of $2.00 to $2.10 per share and adjusted earnings from continuing operations in a range of $4.50 to $4.60 per share on revenues between $4.10 billion and $4.20 billion.

On average, three analysts polled by Thomson Reuters expect the company to report earnings of $4.40 per share on revenues of $4.19 billion for the year. Analysts' estimates typically exclude special items.

Looking ahead to fiscal 2022, the company now anticipates revenue will exceed the pre-Covid adjusted level of $4.55 billion, while analysts are currently looking for revenues of $4.67 billion.

The company also announced a planned $150 million accelerated share repurchase that would represent the repurchase of approximately 5% of the company's outstanding shares at the current share price. It will be substantially completed by early November.

Additionally, the Brink's board of directors also approved an additional $250 million share repurchase authorization, which expires December 31, 2023.

The company noted that it will present its new three-year strategic plan, including detailed financial targets through 2024, in its Investor Day presentation on December 15.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Asweets Global Inc. is recalling about 2,000 units of Wonder & Wise Activity Tables for potential risk of choking hazard to young children, a statement by the U.S. Consumer Product Safety Commission (CPSC) showed. The company said the screws of the tables can become loose and/or detach from the xylophone component of the activity tables to pose a choking hazard to young children. Chinese e-commerce giant Alibaba Group Holdings Ltd. (BABA) reported Thursday a net loss for the fourth quarter that sharply widened from last year, despite 9 percent growth in revenues, hurt by a decreases in the market prices of our equity investments in publicly-traded companies. Omni-channel fashion retailer Macy's, Inc. (M) reported Thursday a first-quarter net income of $286 million or $0.98 per share, sharply higher than $103 million or $0.32 per share in the prior-year quarter. Excluding items, adjusted net income for the quarter was $315 million or $1.08 per share, compared...
Follow RTT