The Brink’s Company to Issue Quarterly Dividend of $0.24 (NYSE:BCO)

The Brink’s Company (NYSE:BCO) announced a quarterly dividend on Thursday, January 16th,RTT News reports. Shareholders of record on Monday, February 3rd will be given a dividend of 0.2425 per share by the business services provider on Monday, March 3rd. This represents a $0.97 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date of this dividend is Monday, February 3rd.

Brink’s has increased its dividend payment by an average of 8.1% per year over the last three years. Brink’s has a dividend payout ratio of 9.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Brink’s to earn $8.01 per share next year, which means the company should continue to be able to cover its $0.97 annual dividend with an expected future payout ratio of 12.1%.

Brink’s Stock Performance

NYSE BCO opened at $92.58 on Friday. The firm has a market cap of $4.04 billion, a price-to-earnings ratio of 35.07 and a beta of 1.40. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 8.76. Brink’s has a twelve month low of $79.03 and a twelve month high of $115.91. The business has a 50-day moving average price of $93.54 and a 200-day moving average price of $101.88.

Brink’s (NYSE:BCO) last released its quarterly earnings data on Wednesday, November 6th. The business services provider reported $1.51 EPS for the quarter, missing the consensus estimate of $1.79 by ($0.28). Brink’s had a net margin of 2.37% and a return on equity of 71.46%. The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same period last year, the company earned $1.92 EPS. The firm’s revenue for the quarter was down 3.4% on a year-over-year basis. As a group, equities research analysts predict that Brink’s will post 6.51 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Truist Financial decreased their price objective on Brink’s from $144.00 to $138.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Three equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $120.50.

Insider Activity at Brink’s

In other news, EVP James K. Parks sold 4,000 shares of the stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $96.51, for a total value of $386,040.00. Following the sale, the executive vice president now owns 11,103 shares of the company’s stock, valued at approximately $1,071,550.53. This represents a 26.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.49% of the stock is owned by insiders.

About Brink’s

The Brink’s Co engages in providing cash management services, digital retail solutions, and ATM managed services. It operates through the following geographical segments: North America, Latin America, Europe, and Rest of World. The North America segment operates in the U.S. and Canada. The Latin America segment refers to the operations in Latin American countries.