Brink’s Company (The) (NYSE:BCO – Get Free Report) announced a quarterly dividend on Thursday, January 15th. Investors of record on Monday, February 2nd will be given a dividend of 0.255 per share by the business services provider on Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Monday, February 2nd.
Brink’s has increased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 5 years. Brink’s has a payout ratio of 11.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Brink’s to earn $7.01 per share next year, which means the company should continue to be able to cover its $1.02 annual dividend with an expected future payout ratio of 14.6%.
Brink’s Trading Up 2.1%
Shares of BCO opened at $124.59 on Friday. The stock’s 50-day moving average price is $116.64 and its 200 day moving average price is $110.26. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 9.14. The firm has a market capitalization of $5.18 billion, a price-to-earnings ratio of 31.86 and a beta of 1.10. Brink’s has a 12-month low of $80.10 and a 12-month high of $127.19.
Analysts Set New Price Targets
BCO has been the subject of several recent analyst reports. Zacks Research lowered shares of Brink’s from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Weiss Ratings raised Brink’s from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, October 24th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.
Get Our Latest Analysis on Brink’s
Brink’s Company Profile
The Brink’s Company (NYSE: BCO) is a global leader in secure logistics and cash management solutions. The company provides a comprehensive suite of services that span armored transportation, cash-in-transit (CIT), ATM services, smart safe solutions, and valuables storage. Through its network of service centers and armored vehicles, Brink’s ensures the safe and efficient movement of currency, precious metals, and other high-value assets for banks, retailers, mints, and government agencies.
Brink’s armored transport operations are complemented by technology-driven cash management offerings, including deposit automation and secure vaulting.
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