Quarterly Dividend of $0.10 Planned by The Brink’s Company (BCO)
The Brink’s Company (NYSE:BCO) declared a quarterly dividend on Thursday, January 17th. Investors of record on Friday, February 1st will be given a dividend of $0.10 per share on Friday, March 1st. This represents a $0.40 dividend on an annualized basis and a yield of 1.38%.
A number of research firms have also recently commented on BCO. Analysts at Sidoti downgraded shares of The Brink’s Company from a “buy” rating to a “neutral” rating in a research note to investors on Wednesday. On a related note, analysts at Zacks upgraded shares of The Brink’s Company from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, January 1st. They now have a $29.20 price target on the stock. Finally, analysts at Imperial Capital cut their price target on shares of The Brink’s Company from $33.00 to $31.00 in a research note to investors on Tuesday, October 30th. They now have an “outperform” rating on the stock.
The Brink’s Company (BCO) traded up 2.87% on Thursday, hitting $29.77. The Brink’s Company (BCO) has a 52-week low of $20.91 and a 52-week high of $30.51. The stock’s 50-day moving average is currently $28.94. The company has a market cap of $1.422 billion and a price-to-earnings ratio of 18.20.
The Brink’s Company last announced its earnings results on Thursday, October 25th. The company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by $0.12. The company’s quarterly revenue was down 1.7% on a year-over-year basis. Analysts expect that The Brink’s Company (BCO) will post $2.14 EPS for the current fiscal year.
The Brink’s Company (Brink’s) is a provider of secure transportation, cash logistics and other security-related services to banks and financial institutions, retailers, government agencies, mints, jewelers and other commercial operations worldwide.
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