Brink's Guides FY20 Below Estimates - Quick Facts

(RTTNews) - While reporting financial results for the fourth quarter on Thursday, The Brink's Co. (BCO) initiated its adjusted earnings and revenue guidance for the full-year 2020, below analysts' estimates.

For fiscal 2020, the company now projects adjusted earnings from continuing operations in a range of $4.30 to $4.50 per share on revenue growth of about 3 percent to $3.775 billion, with organic revenue growth of about 5 percent.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $4.64 per share on revenue growth of 5.4 percent to $3.90 billion for the year. Analysts' estimates typically exclude special items.

Separately, Brink's announced that its board of directors approved a $250 million share repurchase authorization that expires on December 31, 2021. The authorization replaces the company's previous share repurchase program, which expired December 31, 2019.