Boyd Group Services Inc. (TSE:BYD) to Issue $0.15 Quarterly Dividend

Boyd Group Services Inc. (TSE:BYD) declared a quarterly dividend on Tuesday, September 17th, Zacks reports. Shareholders of record on Monday, September 30th will be given a dividend of 0.15 per share on Tuesday, October 29th. This represents a $0.60 annualized dividend and a yield of 0.29%. The ex-dividend date is Friday, September 27th.

Boyd Group Services Stock Performance

TSE:BYD opened at C$207.19 on Wednesday. The firm’s fifty day simple moving average is C$225.77 and its 200-day simple moving average is C$250.03. The company has a quick ratio of 0.30, a current ratio of 0.61 and a debt-to-equity ratio of 146.14. The stock has a market cap of C$4.45 billion, a PE ratio of 55.70, a price-to-earnings-growth ratio of -56.72 and a beta of 1.01. Boyd Group Services has a fifty-two week low of C$202.75 and a fifty-two week high of C$324.75.

Boyd Group Services (TSE:BYD) last issued its earnings results on Thursday, August 8th. The company reported C$0.77 earnings per share for the quarter, missing the consensus estimate of C$0.82 by C($0.05). Boyd Group Services had a return on equity of 7.21% and a net margin of 1.93%. The company had revenue of C$1.07 billion for the quarter, compared to analyst estimates of C$1.08 billion. Analysts expect that Boyd Group Services will post 7.1062435 earnings per share for the current fiscal year.

Insider Buying and Selling

In related 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 acquired at an average cost of C$223.12 per share, with a total value of C$101,742.72. 0.37% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on BYD shares. Jefferies Financial Group reduced their price objective on Boyd Group Services from C$325.00 to C$300.00 in a report on Friday, August 9th. BMO Capital Markets decreased their price objective on shares of Boyd Group Services from C$280.00 to C$260.00 and set an “outperform” rating on the stock in a research report on Monday, July 29th. CIBC lowered 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. Raymond James cut their target price on shares of Boyd Group Services from C$350.00 to C$325.00 and set a “strong-buy” rating for the company in a research report on Wednesday, August 7th. Finally, Cormark lowered their price target 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 report on Friday, August 9th. One research analyst has rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$285.69.

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.