Q3 2024 EPS Estimates for Boyd Group Services Inc. Lowered by Atb Cap Markets (TSE:BYD)

Boyd Group Services Inc. (TSE:BYD) – Equities research analysts at Atb Cap Markets dropped their Q3 2024 EPS estimates for Boyd Group Services in a research report issued on Monday, April 22nd. Atb Cap Markets analyst C. Murray now expects that the company will post earnings per share of $1.64 for the quarter, down from their previous forecast of $1.75. The consensus estimate for Boyd Group Services’ current full-year earnings is $6.56 per share. Atb Cap Markets also issued estimates for Boyd Group Services’ Q1 2025 earnings at $2.01 EPS, Q2 2025 earnings at $2.34 EPS, Q3 2025 earnings at $2.27 EPS and FY2025 earnings at $8.90 EPS.

A number of other brokerages have also recently issued reports on BYD. TD Securities cut shares of Boyd Group Services from a “buy” rating to a “hold” rating and cut their target price for the stock from C$320.00 to C$310.00 in a research report on Thursday, March 21st. Raymond James cut their target price on shares of Boyd Group Services from C$380.00 to C$375.00 and set a “strong-buy” rating for the company in a research report on Thursday, March 21st. Cormark cut their target price on shares of Boyd Group Services from C$315.00 to C$300.00 in a research report on Thursday, March 21st. Scotiabank lifted their price target on shares of Boyd Group Services from C$315.00 to C$325.00 and gave the stock an “outperform” rating in a report on Thursday, March 21st. Finally, CIBC lowered their price target on shares of Boyd Group Services from C$306.00 to C$304.00 and set an “outperform” rating for the company in a report on Friday, April 19th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Boyd Group Services has a consensus rating of “Moderate Buy” and an average price target of C$319.69.

Boyd Group Services Stock Performance

Shares of BYD opened at C$267.08 on Wednesday. The company has a current ratio of 0.63, a quick ratio of 0.30 and a debt-to-equity ratio of 137.26. The stock has a market cap of C$5.73 billion, a P/E ratio of 48.21, a PEG ratio of -56.72 and a beta of 1.06. The company has a 50-day moving average of C$295.93 and a two-hundred day moving average of C$276.10. Boyd Group Services has a 12-month low of C$213.66 and a 12-month high of C$324.75.

Boyd Group Services (TSE:BYD) last announced its earnings results on Wednesday, March 20th. The company reported C$1.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$1.50 by C($0.23). The business had revenue of C$1.01 billion for the quarter, compared to analyst estimates of C$1.01 billion. Boyd Group Services had a return on equity of 11.00% and a net margin of 2.94%.

Boyd Group Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 26th. Investors of record on Sunday, March 31st will be issued a $0.15 dividend. The ex-dividend date is Wednesday, March 27th. This represents a $0.60 dividend on an annualized basis and a yield of 0.22%. Boyd Group Services’s payout ratio is 10.83%.

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.