Q3 Earnings Estimate for TSE:BYD Issued By Desjardins

Boyd Group Services Inc. (TSE:BYD) – Research analysts at Desjardins issued their Q3 2024 earnings estimates for shares of Boyd Group Services in a note issued to investors on Thursday, October 24th. Desjardins analyst G. Ho forecasts that the company will post earnings of $0.68 per share for the quarter. The consensus estimate for Boyd Group Services’ current full-year earnings is $7.15 per share. Desjardins also issued estimates for Boyd Group Services’ FY2024 earnings at $2.88 EPS.

Boyd Group Services (TSE:BYD) last announced its quarterly earnings data 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 company had revenue of C$1.07 billion for the quarter, compared to analyst estimates of C$1.08 billion. Boyd Group Services had a return on equity of 7.21% and a net margin of 1.93%.

Other research analysts have also issued research reports about the stock. Raymond James reduced their price objective on shares of Boyd Group Services from C$350.00 to C$325.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, August 7th. Jefferies Financial Group decreased their price target on shares of Boyd Group Services from C$325.00 to C$300.00 in a report on Friday, August 9th. Cormark lowered their price objective on shares of Boyd Group Services from C$300.00 to C$255.00 and set a “hold” rating for the company in a research report on Friday, August 9th. Royal Bank of Canada reduced their target price on Boyd Group Services from C$306.00 to C$280.00 and set an “outperform” rating on the stock in a report on Wednesday, October 23rd. Finally, 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 report on Tuesday, August 13th. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of C$288.58.

Boyd Group Services Price Performance

Shares of BYD opened at C$212.93 on Monday. The stock has a market cap of C$4.57 billion, a P/E ratio of 56.78, a price-to-earnings-growth 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. The stock’s 50-day moving average price is C$215.51 and its two-hundred day moving average price is C$236.73. The company has a current ratio of 0.61, a quick ratio of 0.30 and a debt-to-equity ratio of 146.14.

Boyd Group Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 29th. Shareholders of record on Monday, September 30th will be paid a $0.15 dividend. The ex-dividend date is Friday, September 27th. This represents a $0.60 annualized dividend and a yield of 0.28%. Boyd Group Services’s payout ratio is currently 16.00%.

Insiders Place Their Bets

In related news, Senior Officer Jeff Murray acquired 456 shares of the firm’s stock in a transaction dated Monday, August 12th. The stock was bought at an average price of C$223.12 per share, for a total transaction of C$101,742.72. Insiders own 0.37% of the company’s stock.

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.