FY2024 Earnings Forecast for TSE:BYD Issued By Stifel Canada

Boyd Group Services Inc. (TSE:BYD) – Equities researchers at Stifel Canada dropped their FY2024 earnings per share (EPS) estimates for shares of Boyd Group Services in a research report issued to clients and investors on Wednesday, November 6th. Stifel Canada analyst D. Young now forecasts that the company will post earnings per share of $2.28 for the year, down from their prior forecast of $2.94. The consensus estimate for Boyd Group Services’ current full-year earnings is $7.15 per share.

Boyd Group Services (TSE:BYD) last issued its quarterly earnings data on Tuesday, November 5th. The company reported C$0.20 earnings per share for the quarter, missing the consensus estimate of C$0.66 by C($0.46). The business had revenue of C$1.03 billion for the quarter, compared to the consensus estimate of C$1.03 billion. Boyd Group Services had a net margin of 1.93% and a return on equity of 7.21%.

Other equities analysts also recently issued reports about the stock. Royal Bank of Canada lowered their target price on shares of Boyd Group Services from C$306.00 to C$280.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. National Bankshares cut their price objective on Boyd Group Services from C$270.00 to C$245.00 in a research note on Wednesday, November 6th. Raymond James reduced their target price on Boyd Group Services from C$295.00 to C$285.00 in a report on Thursday. Stifel Nicolaus lowered their price target on Boyd Group Services from C$280.00 to C$275.00 in a report on Monday, October 28th. Finally, ATB Capital reduced their price objective on shares of Boyd Group Services from C$340.00 to C$320.00 in a research note on Wednesday, November 6th. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of C$277.75.

Boyd Group Services Stock Performance

Shares of BYD opened at C$217.42 on Monday. The firm has a market cap of C$4.67 billion, a price-to-earnings ratio of 57.98, a price-to-earnings-growth ratio of -56.72 and a beta of 0.99. The company’s fifty day moving average is C$213.62 and its 200-day moving average is C$232.80. The company has a quick ratio of 0.30, a current ratio of 0.61 and a debt-to-equity ratio of 146.14. Boyd Group Services has a 12 month low of C$198.61 and a 12 month high of C$324.75.

Boyd Group Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 29th. Stockholders of record on Monday, September 30th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.28%. The ex-dividend date of this dividend was Friday, September 27th. Boyd Group Services’s dividend payout ratio is presently 16.00%.

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.