The Brink's Company (NYSE:BCO) Declares $0.24 Quarterly Dividend
The Brink's Company (NYSE:BCO) has declared a quarterly dividend of $0.2425 per share, payable on March 3rd to investors of record on February 3rd. This annualizes to $0.97, with a yield of 1.05%. Brink's has increased its dividend by an average of 8.1% annually over the last three years, maintaining a payout ratio of 9.9%. Despite a recent earnings miss, analysts predict Brink's will continue to cover its dividend. The stock is currently trading at $92.66, with a market cap of $4.04 billion and a consensus rating of "Buy."
The Brink's Company (NYSE:BCO - Get Free Report) announced a quarterly dividend on Thursday, January 16th,RTT News reports. Stockholders of record on Monday, February 3rd will be paid a dividend of 0.2425 per share by the business services provider on Monday, March 3rd. This represents a $0.97 annualized dividend and a dividend yield of 1.05%.
Brink's has increased its dividend payment by an average of 8.1% annually over the last three years. Brink's has a dividend payout ratio of 9.9% meaning its dividend is sufficiently covered by earnings. 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 Stock Down 0.0 %
Shares of BCO stock traded down $0.03 during mid-day trading on Thursday, hitting $92.66. The stock had a trading volume of 27,109 shares, compared to its average volume of 188,061. The company has a debt-to-equity ratio of 8.76, a current ratio of 1.57 and a quick ratio of 1.57. Brink's has a 12-month low of $79.03 and a 12-month high of $115.91. The firm's 50-day moving average is $93.88 and its two-hundred day moving average is $102.02. The firm has a market capitalization of $4.04 billion, a P/E ratio of 35.10 and a beta of 1.40.
Brink's (NYSE:BCO - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.27 billion. Brink's had a net margin of 2.37% and a return on equity of 71.46%. Brink's's revenue for the quarter was down 3.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.92 EPS. On average, analysts predict that Brink's will post 6.51 earnings per share for the current fiscal year.
Insider Activity at Brink's
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 value of $386,040.00. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.49% of the stock is owned by company insiders.
Analyst Ratings Changes
Separately, Truist Financial dropped their price objective on shares of Brink's from $144.00 to $138.00 and set a "buy" rating on the stock in a report on Thursday, November 7th. Three investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Brink's has a consensus rating of "Buy" and an average price target of $120.50.
View Our Latest Research Report on Brink's
About Brink's
(Get Free Report)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.
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