Brink’s (BCO) to Release Quarterly Earnings on Wednesday

Brink’s (NYSE:BCO) will likely be announcing its earnings results before the market opens on Wednesday, February 26th. Analysts expect the company to announce earnings of $1.86 per share and revenue of $1.25 billion for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Brink’s Stock Performance

Shares of Brink’s stock opened at $93.46 on Wednesday. The company has a debt-to-equity ratio of 8.76, a current ratio of 1.57 and a quick ratio of 1.57. The firm has a market cap of $4.08 billion, a P/E ratio of 35.40 and a beta of 1.39. The firm has a 50 day simple moving average of $92.67 and a 200 day simple moving average of $100.01. Brink’s has a fifty-two week low of $79.20 and a fifty-two week high of $115.91.

Brink’s Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 3rd will be issued a $0.2425 dividend. This represents a $0.97 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date is Monday, February 3rd. Brink’s’s dividend payout ratio is currently 36.74%.

Insiders Place Their Bets

In other Brink’s news, EVP James K. Parks sold 4,000 shares of Brink’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $96.51, for a total transaction 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. The trade was a 26.48 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.49% of the company’s stock.

Wall Street Analyst Weigh In

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

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.