What is Desjardins’ Estimate for TSE:BYD Q3 Earnings?

Boyd Group Services Inc. (TSE:BYD) – Investment analysts at Desjardins issued their Q3 2024 earnings per share (EPS) estimates for Boyd Group Services in a report issued on Thursday, October 24th. Desjardins analyst G. Ho forecasts that the company will post earnings per share of $0.68 for the quarter. The consensus estimate for Boyd Group Services’ current full-year earnings is $7.15 per share. Desjardins also issued estimates for Boyd Group Services’ FY2024 earnings at $2.88 EPS.

A number of other analysts have also recently weighed in on BYD. Stifel Nicolaus lowered their target price on shares of Boyd Group Services from C$295.00 to C$280.00 and set a “buy” rating on the stock in a research note on Tuesday, August 13th. National Bankshares lowered their price objective on Boyd Group Services from C$310.00 to C$270.00 in a research note on Friday, August 9th. Jefferies Financial Group dropped their target price on Boyd Group Services from C$325.00 to C$300.00 in a report on Friday, August 9th. Royal Bank of Canada decreased their price target on Boyd Group Services from C$306.00 to C$280.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd. Finally, Raymond James dropped their price objective on Boyd Group Services from C$350.00 to C$325.00 and set a “strong-buy” rating for the company in a research note on Wednesday, August 7th. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of C$288.58.

Boyd Group Services Trading Up 1.0 %

Shares of Boyd Group Services stock opened at C$212.93 on Monday. Boyd Group Services has a 52-week low of C$198.61 and a 52-week high of C$324.75. The firm has a market capitalization of C$4.57 billion, a PE ratio of 56.78, a price-to-earnings-growth ratio of -56.72 and a beta of 0.99. The company has a debt-to-equity ratio of 146.14, a current ratio of 0.61 and a quick ratio of 0.30. The company’s fifty day moving average price is C$215.51 and its two-hundred day moving average price is C$236.73.

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

Insiders Place Their Bets

In related news, Senior Officer Jeff Murray purchased 456 shares of the firm’s stock in a transaction dated Monday, August 12th. The shares were acquired at an average cost 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 Announces Dividend

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