National Bank Financial Comments on TSE:BYD FY2024 Earnings

Boyd Group Services Inc. (TSE:BYD - Free Report) - Equities researchers at National Bank Financial lowered their FY2024 earnings per share estimates for shares of Boyd Group Services in a research report issued on Tuesday, November 5th. National Bank Financial analyst Z. Evershed now expects that the company will post earnings per share of $1.75 for the year, down from their previous estimate of $2.39. The consensus estimate for Boyd Group Services' current full-year earnings is $7.15 per share. National Bank Financial also issued estimates for Boyd Group Services' Q4 2024 earnings at $0.17 EPS and FY2025 earnings at $5.18 EPS.

Boyd Group Services (TSE:BYD - Get Free Report) last issued its earnings results 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). The firm had revenue of C$1.03 billion during 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%.

A number of other research analysts have also issued reports on BYD. Royal Bank of Canada reduced their price objective on Boyd Group Services from C$306.00 to C$280.00 and set an "outperform" rating for the company in a research report on Wednesday, October 23rd. Jefferies Financial Group reduced their price objective on Boyd Group Services from C$325.00 to C$300.00 in a research report on Friday, August 9th. TD Securities reduced their price objective on Boyd Group Services from C$300.00 to C$270.00 in a research report on Wednesday. CIBC reduced their price objective on Boyd Group Services from C$290.00 to C$268.00 in a research report on Friday, August 9th. Finally, BMO Capital Markets reduced their price objective on Boyd Group Services from C$260.00 to C$250.00 in a research report on Wednesday. Two equities research 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. Based on data from MarketBeat, Boyd Group Services currently has an average rating of "Buy" and an average price target of C$277.75.

Boyd Group Services Stock Performance

TSE:BYD traded down C$2.71 during midday trading on Friday, reaching C$217.42. 76,544 shares of the company traded hands, compared to its average volume of 57,357. Boyd Group Services has a twelve month low of C$198.61 and a twelve month high of C$324.75. The firm has a market capitalization of C$4.67 billion, a price-to-earnings ratio of 58.70, a price-to-earnings-growth ratio of -56.72 and a beta of 0.99. The company has a debt-to-equity ratio of 146.14, a current ratio of 0.61 and a quick ratio of 0.30. The company has a fifty day moving average price of C$213.76 and a 200 day moving average price of C$233.62.

Boyd Group Services Dividend Announcement

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

Insider Transactions at Boyd Group Services

In other Boyd Group Services news, Senior Officer Jeff Murray purchased 456 shares of the stock in a transaction dated Monday, August 12th. The shares were acquired at an average price of C$223.12 per share, for a total transaction of C$101,742.72. Company 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.