The Brink’s Company (NYSE:BCO – Get Rating) announced a quarterly dividend on Thursday, May 5, reports RTT News. Investors of record on Monday May 16 will be paid a dividend of 0.20 per share by the business services provider on Wednesday June 1. This represents an annualized dividend of $0.80 and a yield of 1.42%.
Brink’s has increased its dividend by an average of 7.7% per year over the past three years and has increased its dividend every year for the past year. Brink’s has a dividend payout ratio of 12.1%, indicating that its dividend is sufficiently covered by earnings. Analysts expect Brink’s to earn $6.42 per share next year, meaning the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio. by 12.5%.
NYSE:BCO shares opened at $56.49 on Friday. Brink’s has a 52-week low of $55.81 and a 52-week high of $81.14. The company has a market capitalization of $2.69 billion, a P/E ratio of 27.29 and a beta of 1.49. The company has a 50-day simple moving average of $64.92 and a 200-day simple moving average of $66.26. The company has a debt ratio of 11.25, a quick ratio of 1.40 and a current ratio of 1.40.
Brink’s (NYSE:BCO – Get Rating) last released its results on Wednesday, February 23. The business services provider reported earnings per share (EPS) of $1.68 for the quarter, beating the consensus estimate of $1.45 by $0.23. Brink’s had a net margin of 2.46% and a return on equity of 93.77%. The company posted revenue of $1.10 billion in the quarter, versus a consensus estimate of $1.07 billion. During the same period last year, the company posted EPS of $1.64. Brink’s revenue grew 7.4% year over year. As a group, stock analysts expect Brink’s to post earnings per share of 5.7 for the current year.
Several equity research analysts have released reports on the stock. Zacks Investment Research downgraded Brink’s shares from a “buy” rating to a “hold” rating in a Tuesday, April 26 research report. TheStreet upgraded Brink’s shares from a “c+” rating to a “b” rating in a Wednesday, February 23, research report. Finally, StockNews.com took over coverage of Brink’s stocks in a Thursday, March 31 research report. They set a “buy” rating for the company.
In other news, Executive Vice President Rohan Pal sold 5,120 shares of Brink’s in a trade that took place on Thursday, March 3. The shares were sold at an average price of $68.76, for a total value of $352,051.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, accessible via this hyperlink. 3.64% of the shares are currently held by insiders.
Large investors have recently changed their positions in the stock. Captrust Financial Advisors increased its stake in Brink’s by 56.0% in the third quarter. Captrust Financial Advisors now owns 426 shares of the business services provider valued at $27,000 after acquiring 153 additional shares in the last quarter. The Public Employees Retirement System of Ohio increased its stake in Brink’s stock by 10.2% during the fourth quarter. The Ohio Public Employees Retirement System now owns 1,786 shares of the business services provider worth $117,000 after buying 165 additional shares in the last quarter. Janus Henderson Group PLC purchased a new equity stake in Brink’s during the third quarter at a value of $316,000. Jane Street Group LLC increased its stake in Brink’s stock by 37.8% during the third quarter. Jane Street Group LLC now owns 6,936 shares of the business services provider worth $439,000 after buying 1,903 additional shares in the last quarter. Finally, BNP Paribas Arbitrage SA increased its stake in Brink’s shares by 24.1% during the third quarter. BNP Paribas Arbitrage SA now owns 9,022 shares of the business services provider worth $571,000 after buying an additional 1,754 shares in the last quarter. 99.61% of the shares are currently held by institutional investors and hedge funds.
Brink Company Profile (Get a rating)
Brink’s Company provides secure transportation, cash management and other security-related services in North America, Latin America, Europe and internationally. The company offers armored vehicles for transporting valuables; automated teller machine (ATM) management services, such as cash replenishment, replenishment forecasting, cash optimization, ATM remote monitoring, service call dispatch, transaction processing, l installation and first and second line maintenance services; network infrastructure; and cash-in-transit services.
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