Brink's Company (The) (NYSE:BCO) Announces $0.26 Quarterly Dividend

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. Stockholders 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 dividend yield of 0.9%. The ex-dividend date of this dividend is Monday, November 3rd.

Brink's has a dividend payout ratio of 11.3% meaning its dividend is sufficiently covered by earnings. Equities research 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 1.0%

Shares of NYSE BCO traded down $1.19 during mid-day trading on Friday, reaching $113.77. 988,116 shares of the company were exchanged, compared to its average volume of 297,783. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 9.84. The stock has a market cap of $4.74 billion, a price-to-earnings ratio of 30.75 and a beta of 1.48. Brink's has a 1 year low of $80.10 and a 1 year high of $117.99. The firm has a 50-day moving average of $104.81 and a 200 day moving average of $93.59.

Brink's (NYSE:BCO - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The business services provider reported $1.79 earnings per share for the quarter, topping analysts' consensus estimates 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 firm's quarterly revenue was up 3.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.67 EPS. On average, research analysts expect that Brink's will post 6.49 earnings per share for the current year.

Analysts Set New Price Targets

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