Desjardins Has Negative Forecast for TSE:BYD FY2024 Earnings

Boyd Group Services Inc. (TSE:BYD - Free Report) - Desjardins decreased their FY2024 earnings per share estimates for shares of Boyd Group Services in a report released on Tuesday, November 5th. Desjardins analyst G. Ho now forecasts that the company will earn $1.86 per share for the year, down from their previous estimate of $2.88. The consensus estimate for Boyd Group Services' current full-year earnings is $7.15 per share. Desjardins also issued estimates for Boyd Group Services' FY2025 earnings at $3.80 EPS and FY2026 earnings at $5.55 EPS.

Several other research firms have also recently weighed in on BYD. National Bankshares cut their price objective on Boyd Group Services from C$270.00 to C$245.00 in a research report on Wednesday. ATB Capital cut their price objective on Boyd Group Services from C$340.00 to C$320.00 in a research report on Wednesday. Royal Bank of Canada cut 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. Raymond James cut their price objective on Boyd Group Services from C$295.00 to C$285.00 in a research report on Thursday. Finally, Cormark cut 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 report on Friday, August 9th. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of C$277.75.

Boyd Group Services Stock Down 1.2 %

Shares of BYD traded down C$2.71 during trading hours on Friday, hitting C$217.42. 76,544 shares of the company were exchanged, compared to its average volume of 57,357. The company has a market cap of C$4.67 billion, a PE ratio of 58.70, a PEG ratio of -56.72 and a beta of 0.99. The firm's 50 day moving average is C$213.76 and its 200-day moving average is C$233.62. Boyd Group Services has a 52 week low of C$198.61 and a 52 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.

Boyd Group Services (TSE:BYD - Get Free Report) last released its quarterly 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). The company had revenue of C$1.03 billion for the quarter, compared to the consensus estimate of C$1.03 billion. Boyd Group Services had a return on equity of 7.21% and a net margin of 1.93%.

Insider Buying and Selling at Boyd Group Services

In related news, Senior Officer Jeff Murray acquired 456 shares of the stock in a transaction dated Monday, August 12th. The shares were bought at an average cost of C$223.12 per share, for a total transaction of C$101,742.72. Insiders own 0.37% of the company's stock.

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 issued a $0.15 dividend. The ex-dividend date was Friday, September 27th. This represents a $0.60 annualized dividend and a yield of 0.28%. Boyd Group Services's dividend payout ratio (DPR) is 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.