The Brink’s Company (BCO) To Go Ex-Dividend on February 3rd

The Brink’s Company (NYSE:BCO) declared a quarterly dividend on Thursday, January 16th,RTT News reports. Investors 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 dividend yield of 1.04%. The ex-dividend date of this dividend is Monday, February 3rd.

Brink’s has increased its dividend by an average of 8.1% annually over the last three years. Brink’s has a payout ratio of 10.2% meaning its dividend is sufficiently covered by earnings. Equities research 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 Trading Down 2.6 %

BCO opened at $93.37 on Friday. Brink’s has a one year low of $79.03 and a one year high of $115.91. The company has a debt-to-equity ratio of 8.76, a quick ratio of 1.57 and a current ratio of 1.57. The stock has a market cap of $4.07 billion, a price-to-earnings ratio of 35.37 and a beta of 1.40. The stock’s 50 day moving average price is $93.43 and its 200-day moving average price is $101.27.

Brink’s (NYSE:BCO) last released its earnings results on Wednesday, November 6th. The business services provider reported $1.51 earnings per share for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.28). The business had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.27 billion. Brink’s had a return on equity of 71.46% and a net margin of 2.37%. The business’s revenue for the quarter was down 3.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.92 EPS. On average, equities analysts forecast that Brink’s will post 6.51 EPS for the current year.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other news, EVP James K. Parks sold 4,000 shares of the company’s stock in a transaction that occurred 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 completion of 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.49% of the company’s stock.

Brink’s Company Profile

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.