Boyd Group Services Inc. (TSE:BYD) to Issue Quarterly Dividend of $0.15

Boyd Group Services Inc. (TSE:BYD) announced a quarterly dividend on Tuesday, September 17th, Zacks reports. Investors of record on Monday, September 30th will be given a dividend of 0.15 per share on Tuesday, October 29th. This represents a $0.60 dividend on an annualized basis and a yield of 0.29%. The ex-dividend date is Friday, September 27th.

Boyd Group Services Stock Performance

Shares of BYD opened at C$204.00 on Thursday. The company has a current ratio of 0.61, a quick ratio of 0.30 and a debt-to-equity ratio of 146.14. The firm has a market cap of C$4.38 billion, a PE ratio of 54.84, a P/E/G ratio of -56.72 and a beta of 1.01. Boyd Group Services has a 12 month low of C$202.75 and a 12 month high of C$324.75. The stock has a fifty day moving average price of C$224.61 and a 200-day moving average price of C$249.71.

Boyd Group Services (TSE:BYD) last released its quarterly earnings results on Thursday, August 8th. The company reported C$0.77 EPS for the quarter, missing analysts’ consensus estimates of C$0.82 by C($0.05). The business had revenue of C$1.07 billion during the quarter, compared to analysts’ expectations of C$1.08 billion. Boyd Group Services had a net margin of 1.93% and a return on equity of 7.21%. Equities research analysts predict that Boyd Group Services will post 7.1062435 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on BYD shares. BMO Capital Markets lowered their price objective on shares of Boyd Group Services from C$280.00 to C$260.00 and set an “outperform” rating for the company in a research note on Monday, July 29th. Stifel Nicolaus lowered their price target on Boyd Group Services from C$295.00 to C$280.00 and set a “buy” rating for the company in a research report on Tuesday, August 13th. Jefferies Financial Group dropped their price target on Boyd Group Services from C$325.00 to C$300.00 in a research note on Friday, August 9th. CIBC reduced their price objective on Boyd Group Services from C$290.00 to C$268.00 in a research note on Friday, August 9th. Finally, Royal Bank of Canada decreased their target price on Boyd Group Services from C$308.00 to C$306.00 in a report on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Boyd Group Services presently has an average rating of “Moderate Buy” and a consensus target price of C$285.69.

Insider Buying and Selling at Boyd Group Services

In other news, Senior Officer Jeff Murray acquired 456 shares of the firm’s stock in a transaction on Monday, August 12th. The stock was acquired at an average price of C$223.12 per share, for a total transaction of C$101,742.72. 0.37% of the stock is owned by corporate insiders.

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.