Stifel Canada Expects Lower Earnings for Boyd Group Services

Boyd Group Services Inc. (TSE:BYD) – Equities research analysts at Stifel Canada decreased their FY2024 EPS estimates for shares of Boyd Group Services in a research note issued on Wednesday, November 6th. Stifel Canada analyst D. Young now expects that the company will earn $2.28 per share for the year, down from their previous estimate of $2.94. The consensus estimate for Boyd Group Services’ current full-year earnings is $7.15 per share.

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

A number of other analysts have also weighed in on BYD. Jefferies Financial Group lowered their target price on Boyd Group Services from C$325.00 to C$300.00 in a research note on Friday, August 9th. National Bankshares lowered their price target on shares of Boyd Group Services from C$270.00 to C$245.00 in a report on Wednesday, November 6th. CIBC reduced their price objective on Boyd Group Services from C$290.00 to C$268.00 in a report on Friday, August 9th. ATB Capital lowered their target price on Boyd Group Services from C$340.00 to C$320.00 in a research note on Wednesday, November 6th. Finally, BMO Capital Markets cut their price target on Boyd Group Services from C$260.00 to C$250.00 in a research note on Wednesday, November 6th. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of C$277.75.

Boyd Group Services Trading Down 1.2 %

Shares of BYD opened at C$217.42 on Monday. 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$4.67 billion, a price-to-earnings ratio of 57.98, a PEG ratio of -56.72 and a beta of 0.99. The stock has a fifty day moving average price of C$213.62 and a two-hundred day moving average price of C$232.80. Boyd Group Services has a 52-week low of C$198.61 and a 52-week high of C$324.75.

Boyd Group Services Announces Dividend

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

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.