Boyd Group Services Inc. to Post Q3 2024 Earnings of $1.64 Per Share, Atb Cap Markets Forecasts (TSE:BYD)

Boyd Group Services Inc. (TSE:BYD) – Investment analysts at Atb Cap Markets reduced their Q3 2024 earnings per share (EPS) estimates for Boyd Group Services in a research note issued on Monday, April 22nd. Atb Cap Markets analyst C. Murray now anticipates that the company will post earnings of $1.64 per share for the quarter, down from their prior forecast of $1.75. The consensus estimate for Boyd Group Services’ current full-year earnings is $6.56 per share. Atb Cap Markets also issued estimates for Boyd Group Services’ Q1 2025 earnings at $2.01 EPS, Q2 2025 earnings at $2.34 EPS, Q3 2025 earnings at $2.27 EPS and FY2025 earnings at $8.90 EPS.

A number of other equities research analysts also recently weighed in on the company. Stifel Nicolaus dropped their target price on Boyd Group Services from C$355.00 to C$340.00 in a research report on Friday, March 22nd. Scotiabank upped their price objective on Boyd Group Services from C$315.00 to C$325.00 and gave the company an “outperform” rating in a report on Thursday, March 21st. CIBC dropped their price objective on Boyd Group Services from C$306.00 to C$304.00 and set an “outperform” rating for the company in a report on Friday, April 19th. TD Securities downgraded Boyd Group Services from a “buy” rating to a “hold” rating and dropped their price objective for the company from C$320.00 to C$310.00 in a report on Thursday, March 21st. Finally, Jefferies Financial Group upped their price objective on Boyd Group Services from C$290.00 to C$340.00 and gave the company a “buy” rating in a report on Thursday, March 21st. One research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of C$319.69.

Boyd Group Services Trading Down 1.8 %

BYD stock opened at C$262.15 on Wednesday. The company has a market cap of C$5.63 billion, a P/E ratio of 47.32, a PEG ratio of -56.72 and a beta of 1.06. Boyd Group Services has a twelve month low of C$213.72 and a twelve month high of C$324.75. The company has a quick ratio of 0.30, a current ratio of 0.63 and a debt-to-equity ratio of 137.26. The business has a fifty day moving average of C$295.93 and a 200-day moving average of C$276.10.

Boyd Group Services (TSE:BYD) last released its earnings results on Wednesday, March 20th. The company reported C$1.27 earnings per share for the quarter, missing analysts’ consensus estimates of C$1.50 by C($0.23). The firm had revenue of C$1.01 billion for the quarter, compared to the consensus estimate of C$1.01 billion. Boyd Group Services had a return on equity of 11.00% and a net margin of 2.94%.

Boyd Group Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 26th. Shareholders of record on Sunday, March 31st will be paid a $0.15 dividend. The ex-dividend date is Wednesday, March 27th. This represents a $0.60 dividend on an annualized basis and a yield of 0.23%. Boyd Group Services’s payout ratio is 10.83%.

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.