FY2024 Earnings Estimate for TSE:BYD Issued By Stifel Canada

Boyd Group Services Inc. (TSE:BYD) – Investment analysts at Stifel Canada decreased their FY2024 earnings per share estimates for shares of Boyd Group Services in a research report issued on Wednesday, November 6th. Stifel Canada analyst D. Young now forecasts that the company will post earnings per share of $2.28 for the year, down from their previous forecast of $2.94. The consensus estimate for Boyd Group Services’ current full-year earnings is $7.15 per share.

Boyd Group Services (TSE:BYD) last released its quarterly earnings data on Tuesday, November 5th. The company reported C$0.20 EPS for the quarter, missing the consensus estimate of C$0.66 by C($0.46). Boyd Group Services had a net margin of 1.93% and a return on equity of 7.21%. The firm had revenue of C$1.03 billion for the quarter, compared to the consensus estimate of C$1.03 billion.

A number of other research analysts have also recently issued reports on the stock. CIBC reduced their price objective on shares of Boyd Group Services from C$290.00 to C$268.00 in a report on Friday, August 9th. National Bankshares dropped their price target on Boyd Group Services from C$270.00 to C$245.00 in a report on Wednesday, November 6th. BMO Capital Markets reduced their price objective on Boyd Group Services from C$260.00 to C$250.00 in a research note on Wednesday, November 6th. Royal Bank of Canada cut their price target on shares of Boyd Group Services from C$306.00 to C$280.00 and set an “outperform” rating on the stock in a report on Wednesday, October 23rd. Finally, ATB Capital decreased their price objective on shares of Boyd Group Services from C$340.00 to C$320.00 in a report on Wednesday, November 6th. Two 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 company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of C$277.75.

Boyd Group Services Stock Performance

Shares of BYD stock opened at C$219.45 on Monday. 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 has a fifty day simple moving average of C$213.35 and a two-hundred day simple moving average of C$232.25. Boyd Group Services has a 12 month low of C$198.61 and a 12 month high of C$324.75. The firm has a market capitalization of C$4.71 billion, a PE ratio of 58.52, a price-to-earnings-growth ratio of -56.72 and a beta of 0.99.

Boyd Group Services Announces Dividend

The company also recently declared 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. The ex-dividend date was Friday, September 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.27%. Boyd Group Services’s dividend payout ratio (DPR) is currently 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.