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

The Brink’s Company (NYSE:BCO) declared a quarterly dividend on Thursday, September 19th, 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 0.94%. The ex-dividend date of this dividend is Monday, November 4th.

Brink’s has increased its dividend by an average of 12.8% annually over the last three years. Brink’s has a dividend payout ratio of 11.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Brink’s to earn $8.79 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 11.0%.

Brink’s Stock Up 0.6 %

NYSE:BCO opened at $103.44 on Friday. The company’s 50 day moving average is $109.01 and its two-hundred day moving average is $103.02. The company has a market cap of $4.57 billion, a PE ratio of 34.95 and a beta of 1.44. Brink’s has a twelve month low of $66.73 and a twelve month high of $115.91. 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 (NYSE:BCO) last released its earnings results on Wednesday, August 7th. The business services provider reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.20. Brink’s had a return on equity of 69.80% and a net margin of 2.73%. The firm had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same period in the prior year, the firm earned $1.18 EPS. The firm’s revenue was up 3.0% on a year-over-year basis. Analysts anticipate that Brink’s will post 7.4 EPS for the current year.

Analysts Set New Price Targets

BCO has been the topic of a number of recent research reports. StockNews.com upgraded Brink’s from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 16th. Truist Financial upped their price objective on shares of Brink’s from $110.00 to $144.00 and gave the company a “buy” rating in a report on Friday, September 20th. Three 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.com, the stock presently has an average rating of “Buy” and a consensus price target 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.