The Brink’s Company (BCO) to Issue Quarterly Dividend of $0.24 on December 2nd

The Brink’s Company (NYSE:BCO) announced a quarterly dividend on Thursday, September 19th, Wall Street Journal reports. Shareholders of record on Monday, November 4th will be paid 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 yield of 0.86%. The ex-dividend date is Monday, November 4th.

Brink’s has raised its dividend payment by an average of 12.8% per year over the last three years. Brink’s has a payout ratio of 10.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect Brink’s to earn $8.93 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 10.9%.

Brink’s Stock Performance

Shares of BCO opened at $112.93 on Friday. Brink’s has a 12 month low of $64.15 and a 12 month high of $113.63. The stock has a fifty day moving average price of $105.74 and a 200-day moving average price of $98.36. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 7.78. The firm has a market cap of $5.02 billion, a PE ratio of 43.27 and a beta of 1.43.

Brink’s (NYSE:BCO) last posted its quarterly earnings data on Wednesday, August 7th. The business services provider reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.20. The firm had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.26 billion. Brink’s had a net margin of 2.73% and a return on equity of 69.80%. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.18 earnings per share. Equities research analysts predict that Brink’s will post 7.51 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

BCO has been the subject of a number of research analyst reports. Truist Financial raised their target price on Brink’s from $110.00 to $144.00 and gave the stock a “buy” rating in a research note on Friday. StockNews.com upgraded shares of Brink’s from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 16th. Three 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 MarketBeat.com, Brink’s presently has a consensus rating of “Buy” and an average 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.