Brink's Company (The) (NYSE:BCO) to Issue Quarterly Dividend of $0.26

Key Points

• Brink's Company has declared a quarterly dividend of $0.26 per share, payable on December 1st to investors of record as of November 3rd, representing a yield of 0.9%.
• The company reported a 3.8% year-over-year revenue increase to $1.30 billion and a EPS of $1.79, exceeding analysts' expectations.
• Wall Street analysts have upgraded Brink's to a "strong-buy" rating, with a consensus target price of $138.00.

Brink's Company (The) (NYSE:BCO - Get Free Report) declared a quarterly dividend on Wednesday, September 17th, RTT News reports. Investors of record on Monday, November 3rd will be given a dividend of 0.255 per share by the business services provider on Monday, December 1st. This represents a c) dividend on an annualized basis and a yield of 0.9%.

Brink's has a payout ratio of 11.3% indicating that its dividend is sufficiently covered by earnings. Equities 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 Stock Down 0.0%

NYSE:BCO traded down $0.06 during trading hours on Wednesday, hitting $114.93. 262,995 shares of the company's stock traded hands, compared to its average volume of 259,472. The firm has a market cap of $4.79 billion, a P/E ratio of 16.33 and a beta of 1.48. The stock's fifty day moving average price is $103.99 and its two-hundred day moving average price is $93.13. Brink's has a twelve month low of $80.10 and a twelve month high of $117.99. The company has a debt-to-equity ratio of 9.84, a quick ratio of 1.51 and a current ratio of 1.51.

Brink's (NYSE:BCO - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The business services provider reported $1.79 EPS for the quarter, beating the consensus estimate of $1.43 by $0.36. The firm had revenue of $1.30 billion during the quarter, compared to analysts' expectations of $1.27 billion. Brink's had a return on equity of 86.86% and a net margin of 3.21%.The company's revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.67 EPS. On average, research analysts expect that Brink's will post 6.49 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Wall Street Zen raised Brink's from a "hold" rating to a "strong-buy" rating in a research report on Sunday, August 10th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of $138.00.

About Brink's

The Brink's Co engages in providing cash management services, digital retail solutions, and ATM managed services. It operates through the following geographical segments: North America, Latin America, Europe, and Rest of World. The North America segment operates in the U.S. and Canada. The Latin America segment refers to the operations in Latin American countries.

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