What is Raymond James' Estimate for TSE:BYD FY2024 Earnings?

Boyd Group Services Inc. (TSE:BYD - Free Report) - Equities researchers at Raymond James reduced their FY2024 earnings per share estimates for Boyd Group Services in a note issued to investors on Wednesday, November 6th. Raymond James analyst S. Hansen now anticipates that the company will earn $1.77 per share for the year, down from their previous forecast of $2.79. The consensus estimate for Boyd Group Services' current full-year earnings is $7.15 per share. Raymond James also issued estimates for Boyd Group Services' Q4 2024 earnings at $0.18 EPS and FY2025 earnings at $4.93 EPS.

Other equities analysts also recently issued reports about the company. National Bankshares reduced their target price on Boyd Group Services from C$270.00 to C$245.00 in a research report on Wednesday. CIBC reduced their target price on Boyd Group Services from C$290.00 to C$268.00 in a research report on Friday, August 9th. TD Securities reduced their target price on Boyd Group Services from C$300.00 to C$270.00 in a research report on Wednesday. Royal Bank of Canada reduced their target price on 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, ATB Capital dropped their price target on Boyd Group Services from C$340.00 to C$320.00 in a research note on Wednesday. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of C$277.75.

Boyd Group Services Price Performance

Shares of TSE:BYD traded down C$2.71 on Friday, hitting 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 current ratio of 0.61, a quick ratio of 0.30 and a debt-to-equity ratio of 146.14. Boyd Group Services has a 52-week low of C$198.61 and a 52-week high of C$324.75. The business has a 50 day moving average of C$213.76 and a 200 day moving average of C$233.62. 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.

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). Boyd Group Services had a net margin of 1.93% and a return on equity of 7.21%. The company had revenue of C$1.03 billion during the quarter, compared to analysts' expectations of C$1.03 billion.

Boyd Group Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 29th. Stockholders of record on Monday, September 30th were paid a $0.15 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.28%. Boyd Group Services's dividend payout ratio (DPR) is currently 16.00%.

Insider Activity

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

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.