Cormark Comments on Boyd Group Services Inc.’s FY2023 Earnings (TSE:BYD)

Boyd Group Services Inc. (TSE:BYD) – Research analysts at Cormark lowered their FY2023 EPS estimates for Boyd Group Services in a report released on Monday, November 13th. Cormark analyst J. Fenwick now expects that the company will earn $5.34 per share for the year, down from their prior forecast of $5.69. The consensus estimate for Boyd Group Services’ current full-year earnings is $8.32 per share. Cormark also issued estimates for Boyd Group Services’ Q4 2023 earnings at $0.87 EPS and FY2024 earnings at $8.05 EPS.

A number of other equities analysts have also recently commented on BYD. National Bankshares dropped their price target on shares of Boyd Group Services from C$270.00 to C$260.00 and set a “sector perform” rating for the company in a research note on Monday. Royal Bank of Canada raised their price objective on shares of Boyd Group Services from C$284.00 to C$290.00 and gave the stock an “outperform” rating in a research note on Monday. Raymond James upped their target price on Boyd Group Services from C$285.00 to C$295.00 in a research note on Friday, August 11th. The Goldman Sachs Group lowered Boyd Group Services from a “neutral” rating to a “sell” rating and decreased their price target for the stock from C$240.00 to C$225.00 in a research note on Thursday, October 19th. Finally, BMO Capital Markets boosted their price objective on Boyd Group Services from C$280.00 to C$290.00 and gave the company an “outperform” rating in a report on Monday. One research analyst has rated the stock with a sell rating, four have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$271.50.

Boyd Group Services Stock Up 1.6 %

TSE BYD opened at C$250.17 on Wednesday. Boyd Group Services has a 52 week low of C$197.66 and a 52 week high of C$256.89. The firm has a market capitalization of C$5.37 billion, a price-to-earnings ratio of 47.47, a PEG ratio of -56.72 and a beta of 1.03. The company has a quick ratio of 0.30, a current ratio of 0.66 and a debt-to-equity ratio of 132.54. The company has a fifty day moving average of C$242.49 and a two-hundred day moving average of C$242.71.

Boyd Group Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 27th. Stockholders of record on Saturday, September 30th were paid a dividend of $0.199 per share. The ex-dividend date of this dividend was Thursday, September 28th. This is an increase from Boyd Group Services’s previous quarterly dividend of $0.15. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.32%. Boyd Group Services’s dividend payout ratio (DPR) is currently 11.20%.

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.