Q3 Earnings Forecast for TSE:BYD Issued By Desjardins

Boyd Group Services Inc. (TSE:BYD - Free Report) - Desjardins issued their Q3 2024 earnings estimates for Boyd Group Services in a note issued to investors on Thursday, October 24th. Desjardins analyst G. Ho anticipates that the company will post earnings of $0.68 per share for the quarter. The consensus estimate for Boyd Group Services' current full-year earnings is $7.15 per share. Desjardins also issued estimates for Boyd Group Services' FY2024 earnings at $2.88 EPS.

Other analysts have also recently issued research reports about the company. BMO Capital Markets decreased their target price on Boyd Group Services from C$280.00 to C$260.00 and set an "outperform" rating on the stock in a report on Monday, July 29th. Royal Bank of Canada lowered their price objective on shares of Boyd Group Services from C$306.00 to C$280.00 and set an "outperform" rating for the company in a research report on Wednesday, October 23rd. Jefferies Financial Group reduced their target price on shares of Boyd Group Services from C$325.00 to C$300.00 in a research report on Friday, August 9th. National Bankshares lowered their price target on shares of Boyd Group Services from C$310.00 to C$270.00 in a report on Friday, August 9th. Finally, Raymond James reduced their price objective on Boyd Group Services from C$350.00 to C$325.00 and set a "strong-buy" rating on the stock in a report on Wednesday, August 7th. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of C$288.17.

Boyd Group Services Price Performance

TSE:BYD traded up C$0.57 on Monday, reaching C$213.50. The stock had a trading volume of 29,147 shares, compared to its average volume of 55,657. The stock has a fifty day moving average price of C$215.51 and a 200-day moving average price of C$236.73. Boyd Group Services has a 1-year low of C$198.61 and a 1-year high of C$324.75. The company has a market capitalization of C$4.58 billion, a P/E ratio of 56.96, a price-to-earnings-growth ratio of -56.72 and a beta of 0.99. The company has a quick ratio of 0.30, a current ratio of 0.61 and a debt-to-equity ratio of 146.14.

Boyd Group Services (TSE:BYD - Get Free Report) last announced its quarterly earnings results on Thursday, August 8th. The company reported C$0.77 EPS for the quarter, missing the consensus estimate of C$0.82 by C($0.05). The company had revenue of C$1.07 billion during the quarter, compared to analyst estimates of C$1.08 billion. Boyd Group Services had a net margin of 1.93% and a return on equity of 7.21%.

Insider Transactions at Boyd Group Services

In other Boyd Group Services news, Senior Officer Jeff Murray bought 456 shares of the firm's stock in a transaction on Monday, August 12th. The stock was purchased at an average cost of C$223.12 per share, with a total value of C$101,742.72. Insiders own 0.37% of the company's stock.

Boyd Group Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 29th. Shareholders of record on Monday, September 30th will be issued a $0.15 dividend. The ex-dividend date is Friday, September 27th. This represents a $0.60 annualized dividend and a yield of 0.28%. 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.