Stifel Canada Has Optimistic View of TSE:BYD FY2024 Earnings

Boyd Group Services Inc. (TSE:BYD - Free Report) - Stifel Canada increased their FY2024 earnings estimates for Boyd Group Services in a report issued on Monday, January 13th. Stifel Canada analyst D. Young now forecasts that the company will post earnings of $2.29 per share for the year, up from their previous estimate of $2.28. The consensus estimate for Boyd Group Services' current full-year earnings is $7.15 per share.

A number of other research firms also recently issued reports on BYD. Stifel Nicolaus decreased their price target on shares of Boyd Group Services from C$280.00 to C$275.00 in a research note on Monday, October 28th. Royal Bank of Canada decreased their target price on shares of Boyd Group Services from C$306.00 to C$280.00 and set an "outperform" rating on the stock in a research report on Wednesday, October 23rd. CIBC lifted their price target on Boyd Group Services from C$252.00 to C$272.00 and gave the stock an "outperform" rating in a research report on Monday. TD Securities decreased their price objective on Boyd Group Services from C$300.00 to C$270.00 in a research report on Wednesday, November 6th. Finally, BMO Capital Markets lowered their price objective on Boyd Group Services from C$260.00 to C$250.00 in a research note 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, Boyd Group Services has an average rating of "Buy" and a consensus target price of C$278.08.

Boyd Group Services Price Performance

Shares of TSE BYD traded up C$3.30 during midday trading on Thursday, reaching C$220.44. 50,929 shares of the stock traded hands, compared to its average volume of 53,997. The company's 50 day moving average is C$215.54 and its 200 day moving average is C$221.63. Boyd Group Services has a one year low of C$198.61 and a one year high of C$324.75. 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 stock has a market capitalization of C$4.73 billion, a PE ratio of 58.78, a P/E/G ratio of -56.72 and a beta of 0.99.

Boyd Group Services (TSE:BYD - Get Free Report) last announced its quarterly 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 company had revenue of C$1.03 billion during the quarter, compared to analysts' expectations 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

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