The Brink’s Company (NYSE:BCO) Declares $0.24 Quarterly Dividend

The Brink’s Company (NYSE:BCO) declared a quarterly dividend on Thursday, September 19th, Wall Street Journal reports. Stockholders of record on Monday, November 4th will be given a dividend of 0.2425 per share by the business services provider on Monday, December 2nd. This represents a $0.97 annualized dividend and a dividend yield of 0.94%. The ex-dividend date of this dividend is Monday, November 4th.

Brink’s has raised its dividend by an average of 12.8% per year over the last three years. Brink’s has a payout ratio of 11.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Brink’s to earn $8.79 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 11.0%.

Brink’s Price Performance

Shares of NYSE BCO opened at $103.44 on Friday. Brink’s has a one year low of $66.73 and a one year high of $115.91. The company has a debt-to-equity ratio of 7.78, a quick ratio of 1.57 and a current ratio of 1.57. The firm has a fifty day moving average of $109.13 and a 200 day moving average of $102.79. The firm has a market cap of $4.57 billion, a PE ratio of 34.95 and a beta of 1.43.

Brink’s (NYSE:BCO) last released its earnings results on Wednesday, August 7th. The business services provider reported $1.67 earnings per share for the quarter, topping analysts’ consensus estimates of $1.47 by $0.20. The business had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.26 billion. Brink’s had a net margin of 2.73% and a return on equity of 69.80%. The business’s revenue was up 3.0% on a year-over-year basis. During the same period last year, the company posted $1.18 EPS. As a group, research analysts predict that Brink’s will post 7.4 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. StockNews.com upgraded Brink’s from a “buy” rating to a “strong-buy” rating in a report on Friday, August 16th. Truist Financial increased their price objective on shares of Brink’s from $110.00 to $144.00 and gave the company a “buy” rating in a research report on Friday, September 20th. Three research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $123.50.

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.