FY2024 EPS Estimates for TSE:BYD Decreased by Stifel Canada

Boyd Group Services Inc. (TSE:BYD - Free Report) - Stifel Canada reduced their FY2024 earnings estimates for Boyd Group Services in a research report issued to clients and investors on Wednesday, November 6th. Stifel Canada analyst D. Young now expects that the company will earn $2.28 per share for the year, down from their previous forecast of $2.94. The consensus estimate for Boyd Group Services' current full-year earnings is $7.15 per share.

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 for the quarter, missing analysts' consensus estimates of C$0.66 by C($0.46). Boyd Group Services had a return on equity of 7.21% and a net margin of 1.93%. The firm had revenue of C$1.03 billion during the quarter, compared to analyst estimates of C$1.03 billion.

BYD has been the topic of a number of other research reports. ATB Capital dropped their price objective on Boyd Group Services from C$340.00 to C$320.00 in a report on Wednesday, November 6th. Raymond James decreased their price objective on Boyd Group Services from C$295.00 to C$285.00 in a report on Thursday. CIBC dropped their price objective on Boyd Group Services from C$290.00 to C$268.00 in a research note on Friday, August 9th. Royal Bank of Canada reduced 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. Finally, Jefferies Financial Group reduced their price target on Boyd Group Services from C$325.00 to C$300.00 in a research report on Friday, August 9th. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of C$277.75.

Boyd Group Services Stock Down 0.2 %

Boyd Group Services stock traded down C$0.42 during mid-day trading on Monday, hitting C$217.00. The company's stock had a trading volume of 25,013 shares, compared to its average volume of 57,209. The firm's 50 day moving average is C$213.62 and its 200 day moving average is C$232.80. 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 market cap of C$4.66 billion, a PE ratio of 57.98, 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.

Boyd Group Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 29th. Shareholders of record on Monday, September 30th were issued a dividend of $0.15 per share. 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 (DPR) is presently 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.