Equities Analysts Offer Predictions for TSE:BYD Q4 Earnings

Boyd Group Services Inc. (TSE:BYD) – Equities researchers at Stifel Canada decreased their Q4 2024 earnings per share estimates for shares of Boyd Group Services in a research note issued to investors on Wednesday, November 6th. Stifel Canada analyst D. Young now expects that the company will post earnings of $0.68 per share for the quarter, down from their previous 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.

Boyd Group Services (TSE:BYD) last released its quarterly earnings results on Tuesday, November 5th. The company reported C$0.20 earnings per share for the quarter, missing the consensus estimate of C$0.66 by C($0.46). The firm had revenue of C$1.03 billion for 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%.

Several other research firms have also commented on BYD. Cormark dropped their price objective on shares of Boyd Group Services from C$300.00 to C$255.00 and set a “hold” rating on the stock in a research note on Friday, August 9th. ATB Capital cut their price target on Boyd Group Services from C$340.00 to C$320.00 in a research note on Wednesday. TD Securities lowered their price objective on Boyd Group Services from C$300.00 to C$270.00 in a research note on Wednesday. National Bankshares dropped their target price on Boyd Group Services from C$270.00 to C$245.00 in a report on Wednesday. Finally, Royal Bank of Canada lowered their price target on Boyd Group Services from C$306.00 to C$280.00 and set an “outperform” rating for the company in a research report on Wednesday, October 23rd. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of C$277.75.

Boyd Group Services Stock Performance

Shares of BYD stock opened at C$220.13 on Friday. The company’s fifty day moving average price is C$213.76 and its 200-day moving average price is C$233.62. The stock has a market cap of C$4.73 billion, a PE ratio of 58.70, a price-to-earnings-growth ratio of -56.72 and a beta of 0.99. The company has a current ratio of 0.61, a quick ratio of 0.30 and a debt-to-equity ratio of 146.14. Boyd Group Services has a 12 month low of C$198.61 and a 12 month high of C$324.75.

Insider Transactions at Boyd Group Services

In related news, Senior Officer Jeff Murray acquired 456 shares of the 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 Announces Dividend

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

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.