FY2024 EPS Estimates for TSE:BYD Decreased by Analyst

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

Other analysts also recently issued reports about the company. Cormark reduced their price objective on Boyd Group Services from C$300.00 to C$255.00 and set a “hold” rating for the company in a research note on Friday, August 9th. ATB Capital decreased their price target on Boyd Group Services from C$340.00 to C$320.00 in a report on Wednesday. Jefferies Financial Group lowered their price objective on shares of Boyd Group Services from C$325.00 to C$300.00 in a research report on Friday, August 9th. National Bankshares cut their price objective on shares of Boyd Group Services from C$270.00 to C$245.00 in a research report on Wednesday. Finally, TD Securities lowered their target price on shares of Boyd Group Services from C$300.00 to C$270.00 in a report on Wednesday. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of C$277.75.

Boyd Group Services Price Performance

Shares of BYD opened at C$217.42 on Friday. The company has a debt-to-equity ratio of 146.14, a quick ratio of 0.30 and a current ratio of 0.61. Boyd Group Services has a fifty-two week low of C$198.61 and a fifty-two week high of C$324.75. The firm has a 50-day simple moving average of C$213.62 and a 200-day simple moving average of C$233.25. The company has a market capitalization of C$4.67 billion, a price-to-earnings ratio of 57.98, a price-to-earnings-growth ratio of -56.72 and a beta of 0.99.

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

Boyd Group Services Dividend Announcement

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 dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.28%. The ex-dividend date was Friday, September 27th. Boyd Group Services’s dividend payout ratio is currently 16.00%.

Insiders Place Their Bets

In related news, Senior Officer Jeff Murray purchased 456 shares of Boyd Group Services 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. 0.37% of the stock is currently owned by company insiders.

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.