Cormark Forecasts Increased Earnings for Boyd Group Services

Boyd Group Services Inc. (TSE:BYD - Free Report) - Analysts at Cormark boosted their FY2024 EPS estimates for shares of Boyd Group Services in a research note issued on Monday, January 27th. Cormark analyst J. Fenwick now expects that the company will post earnings per share of $1.86 for the year, up from their previous estimate of $1.58. 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 $0.20 EPS and FY2025 earnings at $5.62 EPS.

Several other equities analysts have also issued reports on the company. 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 on the stock in a research note on Wednesday, October 23rd. National Bankshares cut their target price on shares of Boyd Group Services from C$270.00 to C$245.00 in a research note on Wednesday, November 6th. Stifel Nicolaus reduced their price target on shares of Boyd Group Services from C$280.00 to C$275.00 in a report on Monday, October 28th. CIBC upped their price objective on shares of Boyd Group Services from C$252.00 to C$272.00 and gave the company an "outperform" rating in a report on Monday, January 13th. Finally, BMO Capital Markets reduced their target price on Boyd Group Services from C$260.00 to C$250.00 in a research note on Wednesday, November 6th. One analyst has rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of C$279.75.

Boyd Group Services Trading Down 0.9 %

Shares of TSE:BYD traded down C$2.09 during midday trading on Wednesday, reaching C$238.35. The company's stock had a trading volume of 80,191 shares, compared to its average volume of 53,401. Boyd Group Services has a fifty-two week low of C$198.61 and a fifty-two week high of C$324.75. The company has a debt-to-equity ratio of 146.14, a quick ratio of 0.30 and a current ratio of 0.61. The firm has a 50 day moving average price of C$217.85 and a two-hundred day moving average price of C$219.80. The firm has a market capitalization of C$5.12 billion, a price-to-earnings ratio of 63.56, a PEG ratio of -56.72 and a beta of 0.99.

Boyd Group Services (TSE:BYD - Get Free Report) last released its earnings results on Tuesday, November 5th. The company reported C$0.20 earnings per share (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 during the quarter, compared to analyst estimates of C$1.03 billion.

Insider Buying and Selling

In other Boyd Group Services news, Director Robert Berthold Espey acquired 200 shares of the business's stock in a transaction on Tuesday, November 26th. The shares were acquired at an average price of C$220.00 per share, with a total value of C$44,000.00. 0.37% of the stock is currently owned by corporate insiders.

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.