Brink's (NYSE:BCO) declared a quarterly dividend on Monday, January 15th, RTT News reports. Investors of record on Thursday, February 8th will be given a dividend of 0.15 per share by the business services provider on Thursday, March 1st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.72%.
Brink's has raised its dividend by an average of 11.2% per year over the last three years. Brink's has a payout ratio of 19.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Brink's to earn $3.73 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 16.1%.
Brink's (NYSE:BCO) traded down $3.10 during mid-day trading on Monday, hitting $83.80. 472,900 shares of the company were exchanged, compared to its average volume of 368,611. Brink's has a 1 year low of $42.05 and a 1 year high of $87.89. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.21 and a current ratio of 1.21. The stock has a market capitalization of $4,230.50, a price-to-earnings ratio of 53.04 and a beta of 1.71.
Brink's (NYSE:BCO) last posted its earnings results on Wednesday, October 25th. The business services provider reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.08. Brink's had a net margin of 2.51% and a return on equity of 35.15%. The firm had revenue of $849.50 million during the quarter, compared to analyst estimates of $841.57 million. During the same period last year, the firm posted $0.64 earnings per share. Brink's’s revenue for the quarter was up 12.4% compared to the same quarter last year. research analysts anticipate that Brink's will post 3.05 EPS for the current fiscal year.
A number of analysts recently issued reports on BCO shares. SunTrust Banks restated a “buy” rating and issued a $98.00 price target on shares of Brink's in a research report on Wednesday, October 18th. Sidoti started coverage on Brink's in a research report on Friday, October 20th. They issued a “buy” rating for the company. ValuEngine downgraded Brink's from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Finally, Zacks Investment Research upgraded Brink's from a “hold” rating to a “strong-buy” rating and set a $97.00 price target for the company in a research report on Tuesday, October 10th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Brink's has an average rating of “Buy” and a consensus price target of $93.75.
In other Brink's news, CEO Douglas A. Pertz bought 1,280 shares of the firm’s stock in a transaction dated Thursday, October 26th. The stock was acquired at an average cost of $78.00 per share, for a total transaction of $99,840.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director George I. Stoeckert bought 2,700 shares of the firm’s stock in a transaction dated Tuesday, December 12th. The shares were acquired at an average price of $80.55 per share, with a total value of $217,485.00. Following the completion of the transaction, the director now owns 12,014 shares of the company’s stock, valued at approximately $967,727.70. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 18,850 shares of company stock valued at $1,461,348. 10.40% of the stock is owned by corporate insiders.
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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