The Brink’s Company (NYSE:BCO) Declares $0.24 Quarterly Dividend

The Brink’s Company (NYSE:BCO) declared a quarterly dividend on Thursday, July 11th, RTT News reports. Shareholders of record on Monday, July 29th will be paid a dividend of 0.2425 per share by the business services provider on Tuesday, September 3rd. This represents a $0.97 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date of this dividend is Monday, July 29th.

Brink’s has increased its dividend payment by an average of 12.8% annually over the last three years. Brink’s has a payout ratio of 10.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Brink’s to earn $9.15 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 10.6%.

Brink’s Stock Performance

Shares of BCO stock opened at $108.86 on Friday. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 6.37. The company has a 50 day moving average price of $102.70 and a 200-day moving average price of $91.70. Brink’s has a 52 week low of $64.15 and a 52 week high of $109.48. The firm has a market capitalization of $4.84 billion, a PE ratio of 41.71 and a beta of 1.46.

Brink’s (NYSE:BCO) last issued its earnings results on Wednesday, May 8th. The business services provider reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.29. The company had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.21 billion. Brink’s had a net margin of 2.46% and a return on equity of 59.84%. The firm’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter last year, the company posted $1.16 earnings per share. As a group, equities research analysts expect that Brink’s will post 7.56 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, William Blair started coverage on Brink’s in a research report on Tuesday, May 21st. They set an “outperform” rating for the company. Three research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Brink’s presently has an average rating of “Buy” and a consensus target price of $106.50.

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.