Stifel Canada Has Bearish Estimate for TSE:BYD Q4 Earnings

Boyd Group Services Inc. (TSE:BYD) – Stifel Canada dropped their Q4 2024 earnings per share estimates for shares of Boyd Group Services in a note issued to investors on Wednesday, November 6th. Stifel Canada analyst D. Young now anticipates that the company will post earnings of $0.68 per share for the quarter, down from their prior estimate of $0.84. The consensus estimate for Boyd Group Services’ current full-year earnings is $7.15 per share. Stifel Canada also issued estimates for Boyd Group Services’ FY2025 earnings at $5.57 EPS and FY2026 earnings at $7.08 EPS.

A number of other analysts have also issued reports on the company. Stifel Nicolaus decreased their price objective on Boyd Group Services from C$280.00 to C$275.00 in a research note on Monday, October 28th. National Bankshares decreased their price target on Boyd Group Services from C$270.00 to C$245.00 in a research report on Wednesday. TD Securities cut their price objective on shares of Boyd Group Services from C$300.00 to C$270.00 in a research report on Wednesday. Cormark decreased their target price on shares of Boyd Group Services from C$300.00 to C$255.00 and set a “hold” rating on the stock in a report on Friday, August 9th. Finally, ATB Capital cut their price target on shares of Boyd Group Services from C$340.00 to C$320.00 in a report on Wednesday. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of C$277.75.

Boyd Group Services Trading Up 2.8 %

Shares of BYD stock opened at C$220.13 on Friday. The stock has a market capitalization of C$4.73 billion, a price-to-earnings ratio of 58.70, a PEG ratio of -56.72 and a beta of 0.99. The company’s fifty day simple moving average is C$213.76 and its two-hundred day simple moving average is 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 debt-to-equity ratio of 146.14, a current ratio of 0.61 and a quick ratio of 0.30.

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

Boyd Group Services Dividend Announcement

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

Insider Buying and Selling at Boyd Group Services

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

Boyd Group Services Company Profile

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.