Cormark Analysts Cut Earnings Estimates for Boyd Group Services Inc. (TSE:BYD)

Boyd Group Services Inc. (TSE:BYD) – Investment analysts at Cormark decreased their FY2024 earnings per share estimates for shares of Boyd Group Services in a research note issued to investors on Tuesday, October 15th. Cormark analyst J. Fenwick now expects that the company will earn $1.96 per share for the year, down from their prior estimate of $1.97. Cormark currently has a “Hold” rating and a $255.00 target price on the stock. The consensus estimate for Boyd Group Services’ current full-year earnings is $7.15 per share. Cormark also issued estimates for Boyd Group Services’ FY2025 earnings at $7.15 EPS.

Boyd Group Services (TSE:BYD) last posted its earnings results on Thursday, August 8th. The company reported C$0.77 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.82 by C($0.05). Boyd Group Services had a return on equity of 7.21% and a net margin of 1.93%. The business had revenue of C$1.07 billion during the quarter, compared to analyst estimates of C$1.08 billion.

Other equities analysts also recently issued research reports about the stock. TD Securities reduced their target price on shares of Boyd Group Services from C$312.00 to C$300.00 in a research note on Friday, August 9th. CIBC cut their price objective on Boyd Group Services from C$290.00 to C$268.00 in a report on Friday, August 9th. Stifel Nicolaus reduced their target price on Boyd Group Services from C$295.00 to C$280.00 and set a “buy” rating on the stock in a research note on Tuesday, August 13th. BMO Capital Markets decreased their price target on shares of Boyd Group Services from C$280.00 to C$260.00 and set an “outperform” rating on the stock in a research note on Monday, July 29th. Finally, National Bankshares dropped their target price on Boyd Group Services from C$310.00 to C$270.00 in a report on Friday, August 9th. One research analyst has rated the stock with a sell rating, two have given a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$285.69.

Boyd Group Services Stock Up 0.8 %

BYD stock opened at C$214.76 on Thursday. The stock’s fifty day simple moving average is C$216.25 and its two-hundred day simple moving average is C$240.25. 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 stock has a market cap of C$4.61 billion, a P/E ratio of 57.27, a P/E/G ratio of -56.72 and a beta of 0.99. Boyd Group Services has a 1-year low of C$198.61 and a 1-year high of C$324.75.

Insider Buying and Selling

In other news, Senior Officer Jeff Murray acquired 456 shares of the company’s stock in a transaction on Monday, August 12th. The shares were bought at an average cost of C$223.12 per share, with a total value of C$101,742.72. 0.37% of the stock is owned by insiders.

Boyd Group Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 29th. Shareholders of record on Monday, September 30th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.28%. The ex-dividend date is Friday, September 27th. Boyd Group Services’s dividend payout ratio is currently 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.