Brink's Maintains FY21 Outlook - Quick Facts

(RTTNews) - 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.