Stifel Canada Has Negative Forecast for TSE:BYD Q4 Earnings

Boyd Group Services Inc. (TSE:BYD - Free Report) - Investment analysts at Stifel Canada decreased their Q4 2024 earnings per share estimates for Boyd Group Services in a research report issued on Wednesday, November 6th. Stifel Canada analyst D. Young now expects that the company will post earnings per share of $0.68 for the quarter, down from their prior estimate of $0.84. The consensus estimate for Boyd Group Services' current full-year earnings is $7.15 per share. Stifel Canada also issued estimates for Boyd Group Services' FY2025 earnings at $5.57 EPS and FY2026 earnings at $7.08 EPS.

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

Several other research firms have also weighed in on BYD. ATB Capital reduced their price objective on shares of Boyd Group Services from C$340.00 to C$320.00 in a research report on Wednesday. Jefferies Financial Group decreased their price target on shares of Boyd Group Services from C$325.00 to C$300.00 in a report on Friday, August 9th. Raymond James dropped their price objective on shares of Boyd Group Services from C$295.00 to C$285.00 in a research note on Thursday. National Bankshares lowered their price target on shares of Boyd Group Services from C$270.00 to C$245.00 in a report on Wednesday. Finally, TD Securities cut their price objective on Boyd Group Services from C$300.00 to C$270.00 in a report on Wednesday. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of C$277.75.

Boyd Group Services Price Performance

TSE:BYD traded down C$2.71 during mid-day trading on Friday, reaching C$217.42. 76,544 shares of the stock were exchanged, 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. The business has a fifty day moving average price of C$213.76 and a 200 day moving average price of C$233.62. Boyd Group Services has a 1-year low of C$198.61 and a 1-year high of C$324.75. The firm has a market capitalization 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 Announces Dividend

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

Insider Buying and Selling

In other news, Senior Officer Jeff Murray acquired 456 shares of the firm's stock in a transaction that occurred on Monday, August 12th. The stock was acquired at an average cost of C$223.12 per share, with a total value of C$101,742.72. Corporate 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.