The Brink's Company (NYSE:BCO - Get Free Report) hit a new 52-week low during trading on Thursday . The stock traded as low as $83.38 and last traded at $83.46, with a volume of 293088 shares trading hands. The stock had previously closed at $84.79.
Wall Street Analysts Forecast Growth
Separately, StockNews.com lowered Brink's from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 8th.
Read Our Latest Analysis on Brink's
Brink's Stock Performance
The firm's 50 day simple moving average is $91.66 and its 200-day simple moving average is $98.43. The company has a market capitalization of $3.73 billion, a price-to-earnings ratio of 32.77 and a beta of 1.42. The company has a debt-to-equity ratio of 8.76, a quick ratio of 1.57 and a current ratio of 1.57.
Brink's (NYSE:BCO - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The business services provider reported $2.12 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.26. Brink's had a return on equity of 71.46% and a net margin of 2.37%. The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.25 billion. Analysts expect that The Brink's Company will post 6.49 EPS for the current year.
Brink's Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 3rd were issued a dividend of $0.2425 per share. This represents a $0.97 annualized dividend and a dividend yield of 1.12%. The ex-dividend date of this dividend was Monday, February 3rd. Brink's's dividend payout ratio is currently 26.87%.
Institutional Trading of Brink's
A number of institutional investors have recently bought and sold shares of the company. Mather Group LLC. increased its stake in shares of Brink's by 146.2% during the 4th quarter. Mather Group LLC. now owns 293 shares of the business services provider's stock worth $27,000 after purchasing an additional 174 shares during the last quarter. Sierra Ocean LLC acquired a new position in Brink's during the fourth quarter worth $36,000. Golden State Wealth Management LLC bought a new position in Brink's during the fourth quarter valued at about $55,000. Aquatic Capital Management LLC acquired a new stake in shares of Brink's in the fourth quarter worth about $56,000. Finally, First Horizon Advisors Inc. boosted its stake in shares of Brink's by 200.5% during the 3rd quarter. First Horizon Advisors Inc. now owns 610 shares of the business services provider's stock worth $71,000 after acquiring an additional 407 shares in the last quarter. Institutional investors and hedge funds own 94.96% of the company's stock.
Brink's Company Profile
(
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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.
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