Atb Cap Markets Equities Analysts Decrease Earnings Estimates for Boyd Group Services Inc. (TSE:BYD)

Boyd Group Services Inc. (TSE:BYD) – Atb Cap Markets decreased their Q1 2024 earnings estimates for shares of Boyd Group Services in a research report issued to clients and investors on Monday, April 22nd. Atb Cap Markets analyst C. Murray now expects that the company will earn $0.72 per share for the quarter, down from their prior forecast of $1.06. 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’ Q2 2024 earnings at $1.34 EPS, Q4 2024 earnings at $1.75 EPS, FY2024 earnings at $5.44 EPS and Q4 2025 earnings at $2.28 EPS.

Boyd Group Services (TSE:BYD) last posted its quarterly earnings data on Wednesday, March 20th. The company reported C$1.27 EPS for the quarter, missing analysts’ consensus estimates of C$1.50 by C($0.23). The company 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 net margin of 2.94% and a return on equity of 11.00%.

Other analysts have also recently issued research reports about the stock. TD Securities cut shares of Boyd Group Services from a “buy” rating to a “hold” rating and dropped their price objective for the stock from C$320.00 to C$310.00 in a report on Thursday, March 21st. Cormark decreased their target price on shares of Boyd Group Services from C$315.00 to C$300.00 in a research report on Thursday, March 21st. Desjardins reduced their price objective on shares of Boyd Group Services from C$320.00 to C$310.00 and set a “hold” rating for the company in a research report on Thursday, March 21st. Jefferies Financial Group raised their target price on shares of Boyd Group Services from C$290.00 to C$340.00 and gave the stock a “buy” rating in a report on Thursday, March 21st. Finally, ATB Capital raised their target price on shares of Boyd Group Services from C$300.00 to C$350.00 and gave the stock an “outperform” rating in a report on Tuesday, March 12th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$319.69.

Boyd Group Services Stock Down 1.4 %

Shares of TSE:BYD opened at C$258.54 on Thursday. The stock has a market capitalization of C$5.55 billion, a price-to-earnings ratio of 46.67, a price-to-earnings-growth ratio of -56.72 and a beta of 1.06. Boyd Group Services has a 1-year low of C$214.04 and a 1-year high of C$324.75. The company’s fifty day moving average is C$295.04 and its two-hundred day moving average is C$276.00. The company has a debt-to-equity ratio of 137.26, a quick ratio of 0.30 and a current ratio of 0.63.

Boyd Group Services Announces Dividend

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

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.