Boyd Group Services Inc. Expected to Post FY2024 Earnings of $6.51 Per Share (TSE:BYD)

Boyd Group Services Inc. (TSE:BYD) – Investment analysts at Cormark upped their FY2024 earnings estimates for Boyd Group Services in a research note issued to investors on Tuesday, April 30th. Cormark analyst J. Fenwick now forecasts that the company will earn $6.51 per share for the year, up from their previous forecast of $6.43. The consensus estimate for Boyd Group Services’ current full-year earnings is $6.53 per share. Cormark also issued estimates for Boyd Group Services’ FY2025 earnings at $9.42 EPS.

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

A number of other equities research analysts also recently commented on the company. Scotiabank raised their target price 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. Royal Bank of Canada dropped their price target on Boyd Group Services from C$348.00 to C$337.00 and set an “outperform” rating for the company in a research report on Thursday, March 21st. National Bankshares raised their target price on shares of Boyd Group Services from C$260.00 to C$310.00 and gave the stock a “sector perform” rating in a research report on Monday, January 29th. Raymond James reduced their price objective on Boyd Group Services from C$380.00 to C$375.00 and set a “strong-buy” rating on the stock in a research note on Thursday, March 21st. Finally, Stifel Nicolaus dropped their price objective on shares of Boyd Group Services from C$340.00 to C$335.00 and set a “buy” rating on the stock in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, two have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Boyd Group Services currently has a consensus rating of “Moderate Buy” and a consensus target price of C$319.31.

Boyd Group Services Trading Down 1.3 %

Shares of Boyd Group Services stock opened at C$264.00 on Friday. 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 company’s 50-day simple moving average is C$289.06 and its 200-day simple moving average is C$276.55. The firm has a market cap of C$5.67 billion, a price-to-earnings ratio of 47.48, a price-to-earnings-growth ratio of -56.72 and a beta of 1.06. Boyd Group Services has a 52-week low of C$225.86 and a 52-week high of C$324.75.

Boyd Group Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 26th. Shareholders of record on Sunday, March 31st were paid a dividend of $0.15 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.60 annualized dividend and a yield of 0.23%. Boyd Group Services’s payout ratio is 10.79%.

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.