Boyd Group Services Inc. to Post Q4 2023 Earnings of $1.57 Per Share, Atb Cap Markets Forecasts (TSE:BYD)

Boyd Group Services Inc. (TSE:BYDGet Rating) – Stock analysts at Atb Cap Markets lowered their Q4 2023 earnings estimates for Boyd Group Services in a report issued on Wednesday, May 10th. Atb Cap Markets analyst C. Murray now anticipates that the company will post earnings per share of $1.57 for the quarter, down from their prior forecast of $1.91. The consensus estimate for Boyd Group Services’ current full-year earnings is $5.71 per share. Atb Cap Markets also issued estimates for Boyd Group Services’ Q1 2024 earnings at $2.29 EPS, Q2 2024 earnings at $2.39 EPS, Q4 2024 earnings at $2.08 EPS and FY2024 earnings at $8.95 EPS.

Boyd Group Services (TSE:BYDGet Rating) last posted its earnings results on Wednesday, March 22nd. The company reported C$0.92 earnings per share (EPS) for the quarter, missing the consensus estimate of C$1.05 by C($0.13). The firm had revenue of C$864.99 million during the quarter, compared to analysts’ expectations of C$832.79 million. Boyd Group Services had a return on equity of 5.56% and a net margin of 1.68%.

Several other research analysts have also recently issued reports on BYD. Scotiabank cut shares of Boyd Group Services from an “outperform” rating to a “sector perform” rating and lifted their target price for the stock from C$225.00 to C$230.00 in a report on Thursday, March 23rd. Jefferies Financial Group boosted their target price on shares of Boyd Group Services from C$235.00 to C$244.00 in a report on Friday, March 24th. ATB Capital upped their price target on shares of Boyd Group Services from C$255.00 to C$265.00 in a research note on Thursday, March 23rd. Royal Bank of Canada upped their price target on shares of Boyd Group Services from C$227.00 to C$250.00 and gave the stock an “outperform” rating in a report on Thursday, March 23rd. Finally, CIBC dropped their target price on shares of Boyd Group Services from C$225.00 to C$221.00 and set a “neutral” rating on the stock in a report on Thursday, March 23rd. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$238.55.

Boyd Group Services Trading Up 1.7 %

Shares of BYD opened at C$244.22 on Monday. The firm’s 50-day moving average price is C$218.72 and its 200-day moving average price is C$213.06. The firm has a market capitalization of C$5.24 billion, a price-to-earnings ratio of 93.57, a PEG ratio of -56.72 and a beta of 1.10. The company has a current ratio of 0.65, a quick ratio of 0.30 and a debt-to-equity ratio of 131.01. Boyd Group Services has a 1-year low of C$117.48 and a 1-year high of C$247.37.

Boyd Group Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 26th. Investors of record on Friday, March 31st were given a $0.147 dividend. The ex-dividend date was Thursday, March 30th. This represents a $0.59 annualized dividend and a yield of 0.24%. Boyd Group Services’s dividend payout ratio (DPR) is presently 22.61%.

About Boyd Group Services

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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.

See Also

Earnings History and Estimates for Boyd Group Services (TSE:BYD)

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