The Brink’s Company (NYSE:BCO) Declares Dividend Increase – $0.24 Per Share

The Brink’s Company (NYSE:BCO) announced 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 annualized dividend and a dividend yield of 1.05%. The ex-dividend date is Friday, May 10th. This is a positive change from Brink’s’s previous quarterly dividend of $0.22.

Brink’s has raised its dividend payment by an average of 12.8% per year over the last three years and has raised its dividend annually for the last 1 consecutive years. Brink’s has a dividend payout ratio of 8.9% meaning its dividend is sufficiently covered by earnings. Equities research 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 Stock Performance

Shares of BCO stock opened at $93.00 on Thursday. Brink’s has a 52 week low of $62.13 and a 52 week high of $98.31. The company has a market cap of $4.16 billion, a P/E ratio of 51.10 and a beta of 1.39. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 6.27. The business has a 50 day moving average of $87.55 and a two-hundred day moving average of $82.75.

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

Insider Buying and Selling at Brink’s

In other Brink’s 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 completion of the sale, the director now directly owns 665 shares of the company’s stock, valued at approximately $54,776.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.49% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on BCO. The Goldman Sachs Group raised their price target on Brink’s from $98.00 to $103.00 and gave the company a “buy” rating in a 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 increased their target price on shares of Brink’s from $90.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, February 28th.

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.