Boyd Group Services Inc. (BYD) to Issue Quarterly Dividend of $0.15 on July 29th

Boyd Group Services Inc. (TSE:BYD) declared a quarterly dividend on Monday, June 17th, Zacks reports. Investors of record on Sunday, June 30th will be given a dividend of 0.15 per share on Monday, July 29th. This represents a $0.60 annualized dividend and a dividend yield of 0.23%. The ex-dividend date of this dividend is Friday, June 28th.

Boyd Group Services Stock Performance

Shares of TSE:BYD opened at C$259.04 on Wednesday. The company has a debt-to-equity ratio of 142.10, a current ratio of 0.59 and a quick ratio of 0.30. The business’s fifty day moving average price is C$253.04 and its two-hundred day moving average price is C$276.70. Boyd Group Services has a fifty-two week low of C$224.00 and a fifty-two week high of C$324.75. The stock has a market capitalization of C$5.56 billion, a price-to-earnings ratio of 54.65, a price-to-earnings-growth ratio of -56.72 and a beta of 1.08.

Boyd Group Services (TSE:BYD) last issued its earnings results on Wednesday, May 15th. The company reported C$0.59 EPS for the quarter, missing the consensus estimate of C$0.96 by C($0.37). The firm had revenue of C$1.06 billion during the quarter, compared to analyst estimates of C$1.07 billion. Boyd Group Services had a net margin of 2.46% and a return on equity of 9.30%. As a group, analysts predict that Boyd Group Services will post 4.8300559 EPS for the current fiscal year.

Insider Activity

In related news, Senior Officer Brian Kaner bought 600 shares of the company’s stock in a transaction that occurred on Thursday, May 23rd. The shares were acquired at an average price of C$170.70 per share, for a total transaction of C$102,420.00. Following the completion of the acquisition, the insider now owns 600 shares of the company’s stock, valued at approximately C$102,420. 0.37% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

BYD has been the subject of a number of research analyst reports. Stifel Nicolaus cut their target price on shares of Boyd Group Services from C$335.00 to C$305.00 in a research note on Friday, May 17th. Cormark reduced their price objective on shares of Boyd Group Services from C$315.00 to C$300.00 in a research note on Thursday, March 21st. Raymond James decreased their target price on Boyd Group Services from C$375.00 to C$350.00 and set a “strong-buy” rating for the company in a research report on Thursday, May 16th. BMO Capital Markets lowered their price objective on shares of Boyd Group Services from C$330.00 to C$310.00 in a research report on Wednesday, May 8th. Finally, CIBC lowered their target price on Boyd Group Services from C$304.00 to C$290.00 and set an “outperform” rating for the company in a research note on Thursday, May 16th. One investment analyst has rated the stock with a sell rating, nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of C$301.85.

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.