Brink’s Company (The) (BCO) Announces Quarterly Dividend of $0.15
Brink’s Company (The) (NYSE:BCO) announced a quarterly dividend on Tuesday, October 17th, RTT News reports. Stockholders of record on Monday, November 13th will be paid a dividend of 0.15 per share by the business services provider on Friday, December 1st. This represents a $0.60 annualized dividend and a dividend yield of 0.71%.
Brink’s Company (The) has a payout ratio of 19.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Brink’s Company (The) to earn $3.65 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 16.4%.
Shares of Brink’s Company (NYSE BCO) traded up 1.12% during mid-day trading on Tuesday, hitting $85.60. 217,696 shares of the stock traded hands. Brink’s Company has a 12-month low of $36.24 and a 12-month high of $87.00. The firm has a market cap of $4.32 billion, a price-to-earnings ratio of 50.95 and a beta of 1.70. The firm’s 50 day moving average price is $81.57 and its 200 day moving average price is $69.79.
Brink’s Company (The) (NYSE:BCO) last issued its quarterly earnings data on Wednesday, July 26th. The business services provider reported $0.64 EPS for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.18. The firm had revenue of $806.00 million for the quarter, compared to analysts’ expectations of $730.87 million. Brink’s Company (The) had a net margin of 2.73% and a return on equity of 34.49%. The firm’s revenue was up 9.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.38 EPS. On average, equities research analysts predict that Brink’s Company will post $3.02 EPS for the current fiscal year.
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In related news, Director Peter A. Feld sold 27,000 shares of the stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $80.83, for a total value of $2,182,410.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Peter A. Feld sold 1,845 shares of the stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $76.00, for a total transaction of $140,220.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 501,415 shares of company stock worth $38,681,954. 10.40% of the stock is owned by corporate insiders.
A number of brokerages recently commented on BCO. ValuEngine cut shares of Brink’s Company (The) from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Zacks Investment Research raised shares of Brink’s Company (The) from a “hold” rating to a “strong-buy” rating and set a $97.00 price objective on the stock in a research note on Tuesday, October 10th. Finally, Imperial Capital raised shares of Brink’s Company (The) from an “in-line” rating to an “outperform” rating and increased their price objective for the company from $72.00 to $86.00 in a research note on Wednesday, August 9th. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $91.50.
About Brink’s Company (The)
The Brink’s Company (Brink’s) is a provider of logistics and security solutions. The Company operates through nine segments: U.S., France, Mexico, Brazil, Canada, Latin America, EMEA, Asia and Payment Services. The Company’s solutions include cash-in-transit (CIT), automated teller machine (ATM) replenishment and maintenance, cash management services, including vault outsourcing, money processing, and intelligent safe services, international transportation of valuables, and payment services.
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