Atb Cap Markets Brokers Lower Earnings Estimates for TSE:BYD

Boyd Group Services Inc. (TSE:BYD - Free Report) - Research analysts at Atb Cap Markets dropped their FY2024 earnings per share estimates for Boyd Group Services in a report issued on Tuesday, November 5th. Atb Cap Markets analyst C. Murray now anticipates that the company will post earnings per share of $2.32 for the year, down from their prior estimate of $3.01. The consensus estimate for Boyd Group Services' current full-year earnings is $7.15 per share. Atb Cap Markets also issued estimates for Boyd Group Services' Q4 2024 earnings at $0.73 EPS, Q1 2025 earnings at $1.64 EPS and Q2 2025 earnings at $1.93 EPS.

Boyd Group Services (TSE:BYD - Get Free Report) last issued its quarterly earnings data 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 analyst estimates of C$1.03 billion. Boyd Group Services had a return on equity of 7.21% and a net margin of 1.93%.

BYD has been the subject of several other reports. Stifel Nicolaus cut their price objective on shares of Boyd Group Services from C$280.00 to C$275.00 in a research report on Monday, October 28th. Jefferies Financial Group cut their price objective on shares of Boyd Group Services from C$325.00 to C$300.00 in a research report on Friday, August 9th. National Bankshares cut their price objective on shares of Boyd Group Services from C$270.00 to C$245.00 in a research report on Wednesday. TD Securities cut their price objective on shares of Boyd Group Services from C$300.00 to C$270.00 in a research report on Wednesday. Finally, Cormark dropped their price target on shares of 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 research analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of C$277.75.

Boyd Group Services Stock Performance

BYD stock traded down C$2.71 during mid-day trading on Friday, hitting C$217.42. 76,544 shares of the company were exchanged, compared to its average volume of 57,357. The business has a 50 day simple moving average of C$213.76 and a 200-day simple moving average of C$233.62. The company has a current ratio of 0.61, a quick ratio of 0.30 and a debt-to-equity ratio of 146.14. The stock has a market capitalization of C$4.67 billion, a PE ratio of 58.70, a price-to-earnings-growth 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.

Insider Buying and Selling at Boyd Group Services

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

Boyd Group Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 29th. Shareholders of record on Monday, September 30th were given a dividend of $0.15 per share. 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 is currently 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.