FY2024 EPS Estimate for Boyd Group Services Cut by Analyst

Boyd Group Services Inc. (TSE:BYD) – Stock analysts at Atb Cap Markets decreased their FY2024 earnings per share (EPS) estimates for shares of Boyd Group Services in a note issued to investors on Tuesday, November 5th. Atb Cap Markets analyst C. Murray now anticipates that the company will post earnings per share of $2.32 for the year, down from their prior estimate of $3.01. The consensus estimate for Boyd Group Services’ current full-year earnings is $7.15 per share. Atb Cap Markets also issued estimates for Boyd Group Services’ Q4 2024 earnings at $0.73 EPS, Q1 2025 earnings at $1.64 EPS and Q2 2025 earnings at $1.93 EPS.

Several other analysts also recently commented on BYD. BMO Capital Markets reduced their target price on Boyd Group Services from C$260.00 to C$250.00 in a research note on Wednesday. TD Securities reduced their target price on Boyd Group Services from C$300.00 to C$270.00 in a research note on Wednesday. Raymond James reduced their target price on Boyd Group Services from C$295.00 to C$285.00 in a research note on Thursday. Cormark reduced their target price on Boyd Group Services from C$300.00 to C$255.00 and set a “hold” rating for the company in a research note on Friday, August 9th. Finally, ATB Capital reduced their target price on Boyd Group Services from C$340.00 to C$320.00 in a research note on Wednesday. Two analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of C$277.75.

Boyd Group Services Stock Performance

Shares of Boyd Group Services stock opened at C$220.13 on Friday. The company has a current ratio of 0.61, a quick ratio of 0.30 and a debt-to-equity ratio of 146.14. The business has a 50-day moving average price of C$213.76 and a two-hundred day moving average price of C$233.62. Boyd Group Services has a 1-year low of C$198.61 and a 1-year high of C$324.75. The company has a market cap of C$4.73 billion, a P/E ratio of 58.70, a PEG ratio of -56.72 and a beta of 0.99.

Boyd Group Services (TSE:BYD) last issued its quarterly earnings results on Tuesday, November 5th. The company reported C$0.20 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.66 by C($0.46). Boyd Group Services had a return on equity of 7.21% and a net margin of 1.93%. The business had revenue of C$1.03 billion for the quarter, compared to analyst estimates of C$1.03 billion.

Boyd Group Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 29th. Shareholders of record on Monday, September 30th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.60 dividend on an annualized basis and a yield of 0.27%. Boyd Group Services’s dividend payout ratio (DPR) is currently 16.00%.

Insider Buying and Selling at Boyd Group Services

In other news, Senior Officer Jeff Murray bought 456 shares of the company’s stock in a transaction on Monday, August 12th. The shares were purchased at an average price of C$223.12 per share, with a total value of C$101,742.72. Company insiders own 0.37% of the company’s stock.

About Boyd Group Services

Boyd Group Services Inc, together with its subsidiaries, operates non-franchised collision repair centers in North America. The company operates its locations under the Boyd Autobody & Glass and Assured Automotive names in Canada; and Gerber Collision & Glass name in the United States. It also operates as a retail auto glass operator under the Gerber Collision & Glass, Glass America, Auto Glass Service, Auto Glass Authority, and Autoglassonly.com names in the United States.