The Brink’s Company (BCO) to Issue Quarterly Dividend of $0.24 on June 3rd

The Brink’s Company (NYSE:BCO) declared a quarterly dividend on Wednesday, May 1st, Zacks reports. Investors of record on Monday, May 13th will be given a dividend of 0.243 per share by the business services provider on Monday, June 3rd. This represents a $0.97 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date of this dividend is Friday, May 10th. This is an increase from Brink’s’s previous quarterly dividend of $0.22.

Brink’s has increased its dividend payment by an average of 12.8% annually over the last three years and has increased its dividend every year for the last 1 years. Brink’s has a payout ratio of 8.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Brink’s to earn $9.71 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 9.1%.

Brink’s Price Performance

Brink’s stock opened at $90.96 on Wednesday. Brink’s has a 52-week low of $62.13 and a 52-week high of $93.25. The company has a market cap of $4.07 billion, a price-to-earnings ratio of 49.98 and a beta of 1.39. The firm’s fifty day moving average is $87.28 and its 200 day moving average is $82.68. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 6.27.

Brink’s (NYSE:BCO) last announced its earnings results on Thursday, February 29th. The business services provider reported $2.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.49 by $0.27. Brink’s had a net margin of 1.77% and a return on equity of 55.36%. The firm had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same period in the prior year, the company earned $2.10 EPS. The business’s revenue was up 4.6% compared to the same quarter last year. Sell-side analysts forecast that Brink’s will post 7.51 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. The Goldman Sachs Group raised their price target on Brink’s from $98.00 to $103.00 and gave the stock a “buy” rating in a research report on Friday, March 1st. TheStreet lowered shares of Brink’s from a “b” rating to a “c+” rating in a research report on Wednesday, March 13th. Finally, Truist Financial boosted their target price on Brink’s from $90.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, February 28th.

Insider Transactions at Brink’s

In other news, Director Keith R. Wyche sold 400 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $82.37, for a total value of $32,948.00. Following the transaction, the director now directly owns 665 shares in the company, valued at $54,776.05. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.49% of the company’s stock.

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.