Stifel Canada Has Negative Estimate for TSE:BYD Q4 Earnings

Boyd Group Services Inc. (TSE:BYD) – Investment analysts at Stifel Canada cut their Q4 2024 earnings per share (EPS) estimates for shares of Boyd Group Services in a research note issued on Wednesday, November 6th. Stifel Canada analyst D. Young now forecasts that the company will post earnings per share of $0.68 for the quarter, down from their previous forecast of $0.84. The consensus estimate for Boyd Group Services’ current full-year earnings is $7.15 per share. Stifel Canada also issued estimates for Boyd Group Services’ FY2025 earnings at $5.57 EPS and FY2026 earnings at $7.08 EPS.

Several other analysts have also recently issued reports on BYD. Raymond James decreased their target price on shares of Boyd Group Services from C$295.00 to C$285.00 in a research report on Thursday. TD Securities lowered their price objective on Boyd Group Services from C$300.00 to C$270.00 in a research note on Wednesday. BMO Capital Markets dropped their target price on Boyd Group Services from C$260.00 to C$250.00 in a report on Wednesday. ATB Capital decreased their price target on Boyd Group Services from C$340.00 to C$320.00 in a report on Wednesday. Finally, National Bankshares dropped their price objective on shares of Boyd Group Services from C$270.00 to C$245.00 in a research note on Wednesday. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of C$277.75.

Boyd Group Services Price Performance

BYD stock opened at C$217.42 on Friday. Boyd Group Services has a 52 week low of C$198.61 and a 52 week high of C$324.75. The firm has a market capitalization of C$4.67 billion, a P/E ratio of 57.98, a price-to-earnings-growth ratio of -56.72 and a beta of 0.99. The company has a fifty day simple moving average of C$213.62 and a two-hundred day simple moving average of C$233.01. 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 (TSE:BYD) last posted its earnings results 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). Boyd Group Services had a net margin of 1.93% and a return on equity of 7.21%. The firm had revenue of C$1.03 billion for the quarter, compared to the consensus estimate of C$1.03 billion.

Insider Buying and Selling

In related news, Senior Officer Jeff Murray acquired 456 shares of the stock in a transaction on Monday, August 12th. The stock was 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 currently owned by insiders.

Boyd Group Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 29th. Stockholders of record on Monday, September 30th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.28%. The ex-dividend date was Friday, September 27th. Boyd Group Services’s 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.