Cormark Decreases Earnings Estimates for Boyd Group Services

Boyd Group Services Inc. (TSE:BYD - Free Report) - Stock analysts at Cormark lowered their FY2024 earnings per share (EPS) estimates for shares of Boyd Group Services in a research note issued to investors on Wednesday, November 6th. Cormark analyst J. Fenwick now expects that the company will post earnings per share of $1.56 for the year, down from their prior estimate of $1.96. Cormark has a "Hold" rating and a $255.00 price objective on the stock. 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 ($0.01) EPS and FY2025 earnings at $5.71 EPS.

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

A number of other research analysts also recently weighed in on the company. ATB Capital cut their price target on Boyd Group Services from C$340.00 to C$320.00 in a research note on Wednesday. CIBC cut their price target on Boyd Group Services from C$290.00 to C$268.00 in a research note on Friday, August 9th. Raymond James cut their price target on Boyd Group Services from C$295.00 to C$285.00 in a research note on Thursday. BMO Capital Markets cut their price target on Boyd Group Services from C$260.00 to C$250.00 in a research note on Wednesday. Finally, Stifel Nicolaus cut their price target on Boyd Group Services from C$280.00 to C$275.00 in a research note on Monday, October 28th. Two investment 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. According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of C$277.75.

Boyd Group Services Trading Down 1.2 %

Shares of BYD stock traded down C$2.71 during trading hours on Friday, reaching C$217.42. The company had a trading volume of 76,544 shares, compared to its average volume of 57,357. The company has a 50 day moving average of C$213.76 and a 200 day moving average of C$233.62. 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 firm has a market cap of C$4.67 billion, a price-to-earnings ratio of 58.70, a P/E/G ratio of -56.72 and a beta of 0.99. Boyd Group Services has a 1-year low of C$198.61 and a 1-year high of C$324.75.

Boyd Group Services Dividend Announcement

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

Insider Activity

In related news, Senior Officer Jeff Murray acquired 456 shares of the firm's stock in a transaction dated Monday, August 12th. The stock was bought at an average price of C$223.12 per share, for a total transaction of C$101,742.72. 0.37% of the stock is owned by corporate 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.