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Security Stocks To Invest In – The Brink’s Company

The Brink’s Company is a global leader in total cash management, payment solutions, secure logistics, and services like cash-in-transit, ATM, and cash management. Its customers include government agencies, central banks, retailers, financial institutions, jewelers, mints, and other commercial establishments. Brinks is among the Best Security Stocks To Invest In and serves customers in more than 100 countries. 

Brink’s 3Q3030 results beat analyst estimates

Brink’s saw positive results for the third quarter of 2020. Total revenue for the quarter came in at %971 million, up 5% year-on-year as compared to $925 million in 3Q2019. Operating profit improved significantly from $53 million in 3Q2019 to $76 million in 3Q2020, a jump of 46%. The non-GAAP EPS came in at $0.86 per share as compared to $1.05 in the same quarter the previous year. However, analysts had estimated earnings of $0.44 per share and the 3Q2020 results clearly beat those estimates. Geographically, the revenues from the Rest of the World segment saw a significant jump of 58% while revenues from North and South America saw a dip.

According to Doug Pertz, CEO, The Brink’s Company, “Our third-quarter results reflect substantial growth over the strong second-quarter results and demonstrate the resiliency of our business. We expect further improvement in the fourth quarter as ongoing cost actions, organic revenue growth and additional contributions from the G4S acquisition drive operating profit and margin rates higher.”

The Best Security Stocks To Invest In Conduct Share Repurchases

Brink’s had announced back in August that it had agreed to conduct an accelerated share repurchase with a plan to buy back shares worth $50 million. As for the third-quarter earnings release, the company had received 1,096,654 shares at an average purchase price of $45.59 per share. The Brink’s stock closed at $53.61 on 9th November 2020. It is currently trading at a 1.12% dividend yield.

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