The Brink’s Company (NYSE:BCO) Raises Dividend to $0.24 Per Share

The Brink’s Company (NYSE:BCO) declared a quarterly dividend on Wednesday, May 1st, Zacks reports. Shareholders 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 yield of 1.05%. The ex-dividend date of this dividend 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 Trading Up 2.2 %

Shares of Brink’s stock opened at $93.00 on Thursday. Brink’s has a 12-month low of $62.13 and a 12-month high of $98.31. 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’s 50 day moving average is $87.55 and its 200-day moving average is $82.75. The stock has a market cap of $4.16 billion, a P/E ratio of 51.10 and a beta of 1.39.

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

Insider Activity at Brink’s

In related news, Director Keith R. Wyche sold 400 shares of the business’s stock in a transaction on Tuesday, March 5th. The stock was 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 in the company, valued at approximately $54,776.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.49% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

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

About Brink’s

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.