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

The Brink’s Company (NYSE:BCO) announced a quarterly dividend on Thursday, January 16th,RTT News reports. Investors of record on Monday, February 3rd will be given 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 raised its dividend 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. Equities 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 Trading Down 0.0 %

Brink’s stock traded down $0.03 during midday trading on Thursday, reaching $92.66. 27,109 shares of the stock traded hands, compared to its average volume of 188,061. The firm has a market cap of $4.04 billion, a PE ratio of 35.10 and a beta of 1.40. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 8.76. The company has a 50-day simple moving average of $93.88 and a two-hundred day simple moving average of $102.02. Brink’s has a 12-month low of $79.03 and a 12-month high of $115.91.

Brink’s (NYSE:BCO) last announced 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 business had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.27 billion. Brink’s had a net margin of 2.37% and a return on equity of 71.46%. The company’s revenue for the quarter was down 3.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.92 EPS. Research analysts expect that Brink’s will post 6.51 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Truist Financial cut their target price on shares of Brink’s from $144.00 to $138.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. Three research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Brink’s currently has a consensus rating of “Buy” and a consensus target price of $120.50.

Insider Activity

In other news, EVP James K. Parks sold 4,000 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $96.51, for a total value of $386,040.00. Following the completion of the sale, the executive vice president now directly 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.49% of the company’s stock.

Brink’s Company Profile

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.