Brink’s (BCO) to Release Quarterly Earnings on Wednesday

Brink’s (NYSE:BCO) will likely be announcing its earnings results before the market opens on Wednesday, February 26th. Analysts expect the company to announce earnings of $1.86 per share and revenue of $1.25 billion for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Brink’s Stock Down 0.2 %

Shares of BCO opened at $93.46 on Wednesday. The stock has a market cap of $4.08 billion, a price-to-earnings ratio of 35.40 and a beta of 1.39. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 8.76. Brink’s has a 12 month low of $79.20 and a 12 month high of $115.91. The company has a 50-day moving average price of $92.67 and a two-hundred day moving average price of $100.01.

Brink’s Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 3rd will be paid a dividend of $0.2425 per share. This represents a $0.97 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date is Monday, February 3rd. Brink’s’s dividend payout ratio is 36.74%.

Insider Activity

In other news, EVP James K. Parks sold 4,000 shares of Brink’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $96.51, for a total value of $386,040.00. Following the completion of the transaction, the executive vice president now owns 11,103 shares in the company, valued at approximately $1,071,550.53. The trade was a 26.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.49% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, Truist Financial cut their price target on shares of Brink’s from $144.00 to $138.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Three equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $120.50.

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.