Raymond James Expects Lower Earnings for Boyd Group Services

Boyd Group Services Inc. (TSE:BYD) – Research analysts at Raymond James reduced their FY2024 earnings estimates for shares of Boyd Group Services in a research note issued to investors on Wednesday, November 6th. Raymond James analyst S. Hansen now expects that the company will earn $1.77 per share for the year, down from their previous forecast of $2.79. The consensus estimate for Boyd Group Services’ current full-year earnings is $7.15 per share. Raymond James also issued estimates for Boyd Group Services’ Q4 2024 earnings at $0.18 EPS and FY2025 earnings at $4.93 EPS.

A number of other brokerages also recently commented on BYD. CIBC cut their price objective on shares of Boyd Group Services from C$290.00 to C$268.00 in a research report on Friday, August 9th. ATB Capital lowered their price target on shares of Boyd Group Services from C$340.00 to C$320.00 in a research note on Wednesday. Cormark lowered their price target on shares of Boyd Group Services from C$300.00 to C$255.00 and set a “hold” rating on the stock in a research note on Friday, August 9th. Royal Bank of Canada lowered their price target 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 note on Wednesday, October 23rd. Finally, National Bankshares lowered their price target on shares of Boyd Group Services from C$270.00 to C$245.00 in a research note on Wednesday. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Boyd Group Services has an average rating of “Buy” and an average target price of C$277.75.

Boyd Group Services Stock Up 2.8 %

Shares of Boyd Group Services stock opened at C$220.13 on Friday. The company has a market cap of C$4.73 billion, a P/E ratio of 58.70, a PEG ratio of -56.72 and a beta of 0.99. The company has a debt-to-equity ratio of 146.14, a quick ratio of 0.30 and a current ratio of 0.61. Boyd Group Services has a one year low of C$198.61 and a one year high of C$324.75. The firm has a fifty day moving average of C$213.76 and a two-hundred day moving average of C$233.62.

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

Insiders Place Their Bets

In other news, Senior Officer Jeff Murray purchased 456 shares of the firm’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 corporate insiders.

Boyd Group Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 29th. Shareholders of record on Monday, September 30th were paid a dividend of $0.15 per share. The ex-dividend date was Friday, September 27th. This represents a $0.60 annualized dividend and a dividend yield of 0.27%. 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.