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.

Dividend History for Brink`s Company (The) (NYSE:BCO)

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