The Brink’s company (NYSE:BCO – Get Rating) declared a dividend on Friday, July 29, Fidelity reports. Shareholders of record on Monday August 8 will be paid a dividend of 0.20 per share by the business services provider on Thursday September 1. The ex-dividend date is Friday August 5th.
Brink’s has a payout ratio of 12.4%, which means its dividend is sufficiently covered by earnings. Research 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 a payout ratio. expected future of 12.5%.
Brink’s stock performance
NYSE BCO shares opened at $56.94 on Friday. The company’s 50-day moving average price is $58.34 and its two-hundred-day moving average price is $63.13. The stock has a market capitalization of $2.68 billion, a P/E ratio of 17.25 and a beta of 1.40. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt ratio of 8.01. Brink’s has a 52-week low of $53.72 and a 52-week high of $80.43.
Brink’s (NYSE:BCO – Get Rating) last released its quarterly results on Tuesday, May 10. The business services provider reported earnings per share of $1.15 for the quarter, beating analyst consensus estimates of $0.94 by $0.21. The company posted revenue of $1.07 billion for the quarter, versus $1.09 billion for analysts. Brink’s had a return on equity of 87.05% and a net margin of 3.75%. The company’s revenue for the quarter increased by 9.8% compared to the same quarter last year. In the same quarter a year earlier, the company posted earnings per share of $0.82. As a group, sell-side analysts expect Brink’s to post earnings per share of 5.7 for the current year.
Insider Activity at Brink’s
In a similar vein, Executive Vice President Simon Davis acquired 8,500 shares in a transaction that took place on Friday, June 10. The shares were acquired at an average price of $59.35 per share, for a total transaction of $504,475.00. Following the completion of the purchase, the executive vice president now directly owns 39,534 shares of the company, valued at $2,346,342.90. The purchase was disclosed in a document filed with the SEC, accessible via this hyperlink. Insiders of the company own 3.64% of the shares of the company.
Institutional entries and exits
A number of hedge funds have recently changed their positions in BCO. Captrust Financial Advisors increased its position in Brink’s by 47.1% in the first quarter. Captrust Financial Advisors now owns 1,174 shares of the business services provider worth $80,000 after buying 376 additional shares in the last quarter. Ergoteles LLC increased its position in Brink’s by 21.9% in the first quarter. Ergoteles LLC now owns 4,051 shares of the business services provider worth $275,000 after purchasing an additional 729 shares in the last quarter. Bank of Montreal Can increased its position in Brink’s by 10.1% in the first quarter. Bank of Montreal Can now owns 4,326 shares of the business services provider worth $296,000 after buying 397 additional shares in the last quarter. Renaissance Technologies LLC acquired a new position in Brink’s in the first quarter worth approximately $360,000. Finally, Graham Capital Management LP increased its position in Brink’s by 14.6% in the first quarter. Graham Capital Management LP now owns 5,505 shares of the business services provider worth $374,000 after buying an additional 703 shares in the last quarter. Institutional investors and hedge funds own 99.61% of the company’s shares.
Analyst upgrades and downgrades
Separately, StockNews.com upgraded Brink’s from a “buy” rating to a “strong buy” rating in a Monday, June 27 report.
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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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