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

The Brink’s Company (NYSE:BCO) declared a quarterly dividend on Friday, September 20th, 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 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date of this dividend 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 dividend payout ratio of 10.9% indicating that its dividend is sufficiently covered by earnings. Equities 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 Price Performance

Shares of Brink’s stock traded up $1.09 during midday trading on Friday, hitting $112.89. 166,517 shares of the company traded hands, compared to its average volume of 253,157. The firm’s fifty day moving average price is $105.56 and its 200-day moving average price is $98.16. The stock has a market cap of $4.98 billion, a price-to-earnings ratio of 43.15 and a beta of 1.43. Brink’s has a 12 month low of $64.15 and a 12 month high of $113.63. The company has a debt-to-equity ratio of 7.78, a quick ratio of 1.57 and a current ratio of 1.57.

Brink’s (NYSE:BCO) last announced its quarterly earnings results on Wednesday, August 7th. The business services provider reported $1.67 EPS for the quarter, beating analysts’ consensus estimates of $1.47 by $0.20. Brink’s had a return on equity of 69.80% and a net margin of 2.73%. The company had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same period in the prior year, the company earned $1.18 EPS. Brink’s’s revenue was up 3.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Brink’s will post 7.51 earnings per share for the current year.

Wall Street Analyst Weigh In

BCO has been the topic of several recent research reports. Truist Financial lifted their target price on shares of Brink’s from $110.00 to $144.00 and gave the stock a “buy” rating in a research report on Friday. StockNews.com upgraded shares of Brink’s from a “buy” rating to a “strong-buy” rating in a report on Friday, August 16th. Three investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Brink’s 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.