Cormark Expects Higher Earnings for Boyd Group Services

Boyd Group Services Inc. (TSE:BYD) – Investment analysts at Cormark increased their FY2024 earnings estimates for shares of Boyd Group Services in a research note issued to investors on Monday, January 27th. Cormark analyst J. Fenwick now anticipates that the company will post earnings per share of $1.86 for the year, up from their previous forecast of $1.58. The consensus estimate for Boyd Group Services’ current full-year earnings is $7.15 per share. Cormark also issued estimates for Boyd Group Services’ Q4 2024 earnings at $0.20 EPS and FY2025 earnings at $5.62 EPS.

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

Several other research firms have also issued reports on BYD. TD Securities lowered their price target on shares of Boyd Group Services from C$300.00 to C$270.00 in a research report on Wednesday, November 6th. BMO Capital Markets lowered their target price on shares of Boyd Group Services from C$260.00 to C$250.00 in a report on Wednesday, November 6th. CIBC raised their price target on Boyd Group Services from C$252.00 to C$272.00 and gave the stock an “outperform” rating in a report on Monday, January 13th. Royal Bank of Canada reduced their price target 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. Finally, National Bankshares dropped their price objective on Boyd Group Services from C$270.00 to C$245.00 in a report on Wednesday, November 6th. Two 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’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of C$278.08.

Boyd Group Services Trading Up 0.0 %

Shares of Boyd Group Services stock opened at C$236.95 on Wednesday. The stock has a market capitalization of C$5.09 billion, a P/E ratio of 63.19, a P/E/G ratio of -56.72 and a beta of 0.99. Boyd Group Services has a 52-week low of C$198.61 and a 52-week high of C$324.75. 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 stock’s 50-day simple moving average is C$217.05 and its 200 day simple moving average is C$220.08.

Insider Activity at Boyd Group Services

In other news, Director Robert Berthold Espey purchased 200 shares of the stock in a transaction on Tuesday, November 26th. The shares were acquired at an average price of C$220.00 per share, for a total transaction of C$44,000.00. 0.37% of the stock is currently owned by insiders.

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.