FY2024 EPS Estimate for Boyd Group Services Cut by Analyst

Boyd Group Services Inc. (TSE:BYD) – Analysts at Atb Cap Markets lowered their FY2024 EPS estimates for shares of Boyd Group Services in a research report issued to clients and investors on Tuesday, November 5th. Atb Cap Markets analyst C. Murray now forecasts that the company will post earnings of $2.32 per share 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.

A number of other research analysts have also weighed in on the stock. Jefferies Financial Group reduced their price objective on shares of Boyd Group Services from C$325.00 to C$300.00 in a research note on Friday, August 9th. National Bankshares reduced their price objective on shares of Boyd Group Services from C$270.00 to C$245.00 in a research note on Wednesday. Raymond James reduced their price objective on shares of Boyd Group Services from C$295.00 to C$285.00 in a research note on Thursday. CIBC reduced their price objective on shares of Boyd Group Services from C$290.00 to C$268.00 in a research note on Friday, August 9th. Finally, ATB Capital reduced their price objective on shares of Boyd Group Services from C$340.00 to C$320.00 in a research note on Wednesday. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of C$277.75.

Boyd Group Services Trading Up 2.8 %

TSE:BYD opened at C$220.13 on Friday. Boyd Group Services has a 12 month low of C$198.61 and a 12 month high of C$324.75. The stock has a market capitalization 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. The firm’s 50 day moving average is C$213.76 and its 200 day moving average is C$233.62.

Boyd Group Services (TSE:BYD) last posted its quarterly earnings results on Tuesday, November 5th. The company reported C$0.20 EPS for the quarter, missing analysts’ consensus estimates of C$0.66 by C($0.46). The company 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 return on equity of 7.21% and a net margin of 1.93%.

Insiders Place Their Bets

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

Boyd Group Services Dividend Announcement

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