Cormark Lowers Earnings Estimates for Boyd Group Services

Boyd Group Services Inc. (TSE:BYD) – Cormark dropped their FY2024 EPS estimates for Boyd Group Services in a report released on Wednesday, November 6th. Cormark analyst J. Fenwick now forecasts that the company will earn $1.56 per share for the year, down from their prior forecast of $1.96. Cormark currently has a “Hold” rating and a $255.00 target price on the stock. The consensus estimate for Boyd Group Services’ current full-year earnings is $7.15 per share. Cormark also issued estimates for Boyd Group Services’ Q4 2024 earnings at ($0.01) EPS and FY2025 earnings at $5.71 EPS.

Boyd Group Services (TSE:BYD) last released its quarterly earnings data 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 during the quarter, compared to the consensus estimate of C$1.03 billion.

Other equities analysts also recently issued research reports about the stock. BMO Capital Markets lowered their target price on shares of Boyd Group Services from C$260.00 to C$250.00 in a report on Wednesday. CIBC decreased their price target 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 price objective on Boyd Group Services from C$295.00 to C$285.00 in a research report on Thursday. TD Securities decreased their target price on Boyd Group Services from C$300.00 to C$270.00 in a research report on Wednesday. Finally, Royal Bank of Canada dropped 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 note 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 stock. According to MarketBeat, Boyd Group Services currently has a consensus rating of “Buy” and an average price target of C$277.75.

Boyd Group Services Stock Down 1.2 %

TSE BYD opened at C$217.42 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. Boyd Group Services has a 12 month low of C$198.61 and a 12 month high of C$324.75. The stock’s 50 day moving average is C$213.62 and its 200 day moving average is C$233.01. The stock has a market cap of C$4.67 billion, a PE ratio of 57.98, a P/E/G ratio of -56.72 and a beta of 0.99.

Boyd Group Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 29th. Stockholders of record on Monday, September 30th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.28%. The ex-dividend date was Friday, September 27th. Boyd Group Services’s dividend payout ratio is currently 16.00%.

Insider Activity

In other news, Senior Officer Jeff Murray acquired 456 shares of the company’s stock in a transaction on Monday, August 12th. The stock was bought at an average cost of C$223.12 per share, with a total value of C$101,742.72. Corporate 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.