Stifel Canada Analysts Reduce Earnings Estimates for TSE:BYD

Boyd Group Services Inc. (TSE:BYD - Free Report) - Equities researchers at Stifel Canada cut their Q3 2024 earnings per share (EPS) estimates for shares of Boyd Group Services in a report released on Sunday, October 27th. Stifel Canada analyst D. Young now anticipates that the company will post earnings of $0.72 per share for the quarter, down from their previous forecast of $0.95. 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' Q4 2024 earnings at $0.84 EPS and FY2024 earnings at $2.94 EPS.

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

Other research analysts also recently issued reports about the company. Royal Bank of Canada cut their price target on Boyd Group Services from C$306.00 to C$280.00 and set an "outperform" rating for the company in a report on Wednesday, October 23rd. TD Securities cut their price target on Boyd Group Services from C$312.00 to C$300.00 in a report on Friday, August 9th. CIBC cut their price target on Boyd Group Services from C$290.00 to C$268.00 in a report on Friday, August 9th. Raymond James cut their price target on Boyd Group Services from C$350.00 to C$325.00 and set a "strong-buy" rating for the company in a report on Wednesday, August 7th. Finally, Cormark cut their target price on Boyd Group Services from C$300.00 to C$255.00 and set a "hold" rating on the stock in a research report on Friday, August 9th. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Buy" and an average price target of C$288.17.

Boyd Group Services Price Performance

Shares of Boyd Group Services stock traded down C$0.13 during trading on Wednesday, hitting C$215.32. 16,009 shares of the company were exchanged, compared to its average volume of 55,491. 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 has a fifty-two week low of C$198.61 and a fifty-two week high of C$324.75. The stock has a market capitalization of C$4.62 billion, a price-to-earnings ratio of 57.45, a P/E/G ratio of -56.72 and a beta of 0.99. The firm has a 50 day moving average price of C$215.05 and a 200 day moving average price of C$235.85.

Boyd Group Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 29th. Investors of record on Monday, September 30th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a 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 Boyd Group Services news, Senior Officer Jeff Murray purchased 456 shares of Boyd Group Services stock in a transaction that occurred on Monday, August 12th. The stock was purchased at an average price of C$223.12 per share, with a total value of C$101,742.72. 0.37% of the stock is currently owned by insiders.

Boyd Group Services Company Profile

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.