Cormark Raises Earnings Estimates for Boyd Group Services

Boyd Group Services Inc. (TSE:BYD) – Cormark increased their FY2024 earnings per share estimates for Boyd Group Services in a research note issued to investors on Tuesday, December 3rd. Cormark analyst J. Fenwick now anticipates that the company will post earnings per share of $1.58 for the year, up from their prior forecast of $1.56. Cormark has a “Hold” rating and a $255.00 price target on the stock. The consensus estimate for Boyd Group Services’ current full-year earnings is $7.15 per share. Cormark also issued estimates for Boyd Group Services’ FY2025 earnings at $5.80 EPS.

Boyd Group Services (TSE:BYD) last issued its quarterly earnings data on Tuesday, November 5th. The company reported C$0.20 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.66 by C($0.46). Boyd Group Services had a net margin of 1.93% and a return on equity of 7.21%. The company had revenue of C$1.03 billion for the quarter, compared to the consensus estimate of C$1.03 billion.

BYD has been the subject of several other research reports. Raymond James lowered their price target on Boyd Group Services from C$295.00 to C$285.00 in a report on Thursday, November 7th. National Bankshares lowered their price target on Boyd Group Services from C$270.00 to C$245.00 in a report on Wednesday, November 6th. BMO Capital Markets lowered their price target on Boyd Group Services from C$260.00 to C$250.00 in a report on Wednesday, November 6th. ATB Capital lowered their price target on Boyd Group Services from C$340.00 to C$320.00 in a report on Wednesday, November 6th. Finally, TD Securities lowered their price target on Boyd Group Services from C$300.00 to C$270.00 in a report on Wednesday, November 6th. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of C$277.75.

Boyd Group Services Price Performance

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 capitalization of C$4.56 billion, a P/E ratio of 57.94, a P/E/G ratio of -56.72 and a beta of 0.99. The company’s fifty day moving average is C$215.66 and its 200-day moving average is C$228.48. Boyd Group Services has a 12-month low of C$198.61 and a 12-month high of C$324.75.

Insider Activity at Boyd Group Services

In other Boyd Group Services news, Director Robert Berthold Espey acquired 200 shares of the business’s stock in a transaction dated Tuesday, November 26th. The stock was acquired at an average cost of C$220.00 per share, for a total transaction of C$44,000.00. 0.37% of the stock is owned by company insiders.

Boyd Group Services Dividend Announcement

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

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.