The Brink’s Company (BCO) To Go Ex-Dividend on May 10th

The Brink’s Company (NYSE:BCO) declared a quarterly dividend on Wednesday, May 1st, Zacks reports. Stockholders of record on Monday, May 13th will be paid a dividend of 0.243 per share by the business services provider on Monday, June 3rd. This represents a $0.97 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend is Friday, May 10th. This is a positive change from Brink’s’s previous quarterly dividend of $0.22.

Brink’s has raised its dividend by an average of 12.8% per year over the last three years and has increased its dividend every year for the last 1 years. Brink’s has a payout ratio of 8.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Brink’s to earn $9.71 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 9.1%.

Brink’s Price Performance

Shares of Brink’s stock traded up $1.71 during trading on Friday, reaching $90.59. The company’s stock had a trading volume of 156,906 shares, compared to its average volume of 209,037. The business has a 50 day moving average price of $86.68 and a 200-day moving average price of $82.07. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 6.27. The company has a market capitalization of $4.05 billion, a P/E ratio of 48.84 and a beta of 1.39. Brink’s has a 12-month low of $59.46 and a 12-month high of $93.25.

Brink’s (NYSE:BCO) last issued its earnings results on Thursday, February 29th. The business services provider reported $2.76 EPS for the quarter, topping the consensus estimate of $2.49 by $0.27. Brink’s had a return on equity of 55.36% and a net margin of 1.77%. The company had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same quarter last year, the firm earned $2.10 EPS. The business’s revenue was up 4.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Brink’s will post 7.51 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on BCO shares. The Goldman Sachs Group boosted their price objective on Brink’s from $98.00 to $103.00 and gave the stock a “buy” rating in a report on Friday, March 1st. Truist Financial raised their price objective on Brink’s from $90.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, February 28th. Finally, TheStreet downgraded Brink’s from a “b” rating to a “c+” rating in a research report on Wednesday, March 13th.

Insider Buying and Selling at Brink’s

In other news, Director Keith R. Wyche sold 400 shares of the business’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $82.37, for a total transaction of $32,948.00. Following the sale, the director now directly owns 665 shares of the company’s stock, valued at $54,776.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.49% of the company’s stock.

Brink’s Company Profile

The Brink's Company provides secure transportation, cash management, and other security-related services in North America, Latin America, Europe, and internationally. The company offers armored vehicle transportation of valuables; automated teller machine (ATM) management services, such as cash replenishment, cash forecasting, cash optimization, ATM remote monitoring, service call dispatching, transaction processing, installation, and first line maintenance services; and cash-in-transit services.