Raymond James Analysts Reduce Earnings Estimates for TSE:BYD

Boyd Group Services Inc. (TSE:BYD) – Equities research analysts at Raymond James decreased their FY2024 EPS estimates for shares of Boyd Group Services in a research note issued on Wednesday, November 6th. Raymond James analyst S. Hansen now expects that the company will earn $1.77 per share for the year, down from their previous estimate of $2.79. The consensus estimate for Boyd Group Services’ current full-year earnings is $7.15 per share. Raymond James also issued estimates for Boyd Group Services’ Q4 2024 earnings at $0.18 EPS and FY2025 earnings at $4.93 EPS.

Boyd Group Services (TSE:BYD) last issued its quarterly earnings data 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). Boyd Group Services had a return on equity of 7.21% and a net margin of 1.93%. The firm had revenue of C$1.03 billion for the quarter, compared to the consensus estimate of C$1.03 billion.

Other analysts have also recently issued research reports about the company. National Bankshares decreased their target price on Boyd Group Services from C$270.00 to C$245.00 in a report on Wednesday. Cormark lowered their price objective on shares of Boyd Group Services from C$300.00 to C$255.00 and set a “hold” rating for the company in a research report on Friday, August 9th. Jefferies Financial Group reduced their target price on shares of Boyd Group Services from C$325.00 to C$300.00 in a research report on Friday, August 9th. TD Securities lowered their price target on shares of Boyd Group Services from C$300.00 to C$270.00 in a report on Wednesday. Finally, BMO Capital Markets reduced their price objective on Boyd Group Services from C$260.00 to C$250.00 in a report on Wednesday. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average 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 stock’s 50 day simple moving average is C$213.62 and its 200 day simple moving average is C$233.01. 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 has a one year low of C$198.61 and a one year high of C$324.75. The firm has a market cap of C$4.67 billion, a PE ratio of 57.98, a price-to-earnings-growth ratio of -56.72 and a beta of 0.99.

Boyd Group Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 29th. Investors of record on Monday, September 30th were issued a $0.15 dividend. The ex-dividend date was Friday, September 27th. This represents a $0.60 dividend on an annualized basis and a yield of 0.28%. Boyd Group Services’s dividend payout ratio is presently 16.00%.

Insider Buying and Selling at Boyd Group Services

In related news, Senior Officer Jeff Murray bought 456 shares of the firm’s stock in a transaction dated Monday, August 12th. The stock was bought at an average cost of C$223.12 per share, for a total transaction of C$101,742.72. Insiders own 0.37% of the company’s stock.

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.