The Brink’s Company (NYSE:BCO) Announces 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 annualized dividend and a dividend 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% annually over the last three years. Brink’s has a dividend payout ratio of 10.9% indicating that its dividend is sufficiently covered by earnings. 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 Trading Up 1.0 %

NYSE BCO traded up $1.09 during trading hours on Friday, hitting $112.89. 166,517 shares of the company’s stock were exchanged, compared to its average volume of 253,157. The firm has a market cap of $4.98 billion, a price-to-earnings ratio of 43.15 and a beta of 1.43. The stock has a 50-day simple moving average of $105.56 and a 200 day simple moving average of $98.16. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 7.78. Brink’s has a 1-year low of $64.15 and a 1-year high of $113.63.

Brink’s (NYSE:BCO) last announced its quarterly earnings data on Wednesday, August 7th. The business services provider reported $1.67 EPS for the quarter, topping the consensus estimate of $1.47 by $0.20. Brink’s had a net margin of 2.73% and a return on equity of 69.80%. The company had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter last year, the firm posted $1.18 EPS. The company’s quarterly revenue was up 3.0% on a year-over-year basis. On average, equities analysts forecast that Brink’s will post 7.51 EPS for the current fiscal year.

Wall Street Analyst Weigh In

BCO has been the topic of a number of research analyst reports. Truist Financial increased their price objective 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 Brink’s from a “buy” rating to a “strong-buy” rating in a report 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 stock. According to MarketBeat.com, Brink’s currently has a consensus rating of “Buy” and an average target price of $123.50.

About Brink’s

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.