Stifel Canada Expects Lower Earnings for Boyd Group Services

Boyd Group Services Inc. (TSE:BYD) – Investment analysts at Stifel Canada dropped their Q3 2024 EPS estimates for shares of Boyd Group Services in a report released on Sunday, October 27th. Stifel Canada analyst D. Young now forecasts that the company will post earnings per share of $0.72 for the quarter, down from their previous estimate of $0.95. 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’ Q4 2024 earnings at $0.84 EPS and FY2024 earnings at $2.94 EPS.

A number of other analysts have also commented on BYD. Royal Bank of Canada lowered their price objective on Boyd Group Services from C$306.00 to C$280.00 and set an “outperform” rating for the company in a research report on Wednesday, October 23rd. CIBC dropped their price target on shares of Boyd Group Services from C$290.00 to C$268.00 in a research note on Friday, August 9th. Cormark reduced their price objective on shares of Boyd Group Services from C$300.00 to C$255.00 and set a “hold” rating on the stock in a research note on Friday, August 9th. Stifel Nicolaus dropped their target price on shares of Boyd Group Services from C$280.00 to C$275.00 in a research report on Monday. Finally, Raymond James reduced their price target on Boyd Group Services from C$350.00 to C$325.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, August 7th. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of C$288.17.

Boyd Group Services Trading Up 0.9 %

BYD stock opened at C$215.45 on Wednesday. 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 has a twelve month low of C$198.61 and a twelve month high of C$324.75. The company has a market cap of C$4.63 billion, a P/E ratio of 57.45, a PEG ratio of -56.72 and a beta of 0.99. The business has a fifty day moving average of C$215.05 and a 200-day moving average of C$235.85.

Boyd Group Services (TSE:BYD) last issued its quarterly earnings results on Thursday, August 8th. The company reported C$0.77 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.82 by C($0.05). The company had revenue of C$1.07 billion during the quarter, compared to analyst estimates of C$1.08 billion. Boyd Group Services had a net margin of 1.93% and a return on equity of 7.21%.

Boyd Group Services Dividend Announcement

The business also recently declared 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 dividend on an annualized basis and a yield of 0.28%. The ex-dividend date was Friday, September 27th. Boyd Group Services’s payout ratio is currently 16.00%.

Insider Buying and Selling at Boyd Group Services

In related news, Senior Officer Jeff Murray acquired 456 shares of the stock in a transaction dated Monday, August 12th. The stock was bought at an average price of C$223.12 per share, with a total value 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.