Cormark Has Positive Forecast for TSE:BYD FY2024 Earnings

Boyd Group Services Inc. (TSE:BYD) – Equities researchers at Cormark lifted their FY2024 earnings estimates for Boyd Group Services in a note issued to investors on Monday, January 27th. Cormark analyst J. Fenwick now anticipates that the company will earn $1.86 per share for the year, up from their previous estimate of $1.58. The consensus estimate for Boyd Group Services’ current full-year earnings is $7.15 per share. Cormark also issued estimates for Boyd Group Services’ Q4 2024 earnings at $0.20 EPS and FY2025 earnings at $5.62 EPS.

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

Several other equities analysts also recently commented on the company. Stifel Nicolaus cut their price objective on Boyd Group Services from C$280.00 to C$275.00 in a research report on Monday, October 28th. National Bankshares reduced their price target on shares of Boyd Group Services from C$270.00 to C$245.00 in a research note on Wednesday, November 6th. Raymond James decreased their price objective on shares of Boyd Group Services from C$295.00 to C$285.00 in a report on Thursday, November 7th. Royal Bank of Canada reduced their target price 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 report on Wednesday, October 23rd. Finally, CIBC boosted their price target on Boyd Group Services from C$252.00 to C$272.00 and gave the company an “outperform” rating in a report on Monday, January 13th. One investment analyst has rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Boyd Group Services has a consensus rating of “Buy” and an average price target of C$279.75.

Boyd Group Services Trading Up 1.5 %

Shares of TSE BYD opened at C$240.44 on Wednesday. Boyd Group Services has a fifty-two week low of C$198.61 and a fifty-two week high of C$324.75. The company has a debt-to-equity ratio of 146.14, a quick ratio of 0.30 and a current ratio of 0.61. The company has a market cap of C$5.16 billion, a price-to-earnings ratio of 64.12, a PEG ratio of -56.72 and a beta of 0.99. The business’s 50 day moving average price is C$217.49 and its 200-day moving average price is C$220.22.

Insider Transactions at Boyd Group Services

In other news, Director Robert Berthold Espey acquired 200 shares of the business’s stock in a transaction dated Tuesday, November 26th. The shares were purchased at an average price of C$220.00 per share, with a total value of C$44,000.00. Corporate insiders own 0.37% of the company’s stock.

About Boyd Group Services

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.