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

Boyd Group Services Inc. (TSE:BYD) announced a quarterly dividend on Tuesday, September 17th, Zacks reports. Investors of record on Monday, September 30th will be given a dividend of 0.15 per share on Tuesday, October 29th. This represents a $0.60 dividend on an annualized basis and a yield of 0.29%. The ex-dividend date is Friday, September 27th.

Boyd Group Services Stock Performance

TSE BYD opened at C$206.66 on Thursday. 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 fifty-two week low of C$205.81 and a fifty-two week high of C$324.75. The business has a fifty day moving average of C$230.52 and a 200-day moving average of C$253.65. The stock has a market cap of C$4.44 billion, a price-to-earnings ratio of 55.85, a price-to-earnings-growth ratio of -56.72 and a beta of 1.01.

Boyd Group Services (TSE:BYD) last announced its earnings results on Thursday, August 8th. The company reported C$0.77 earnings per share for the quarter, missing the consensus estimate of C$0.82 by C($0.05). Boyd Group Services had a net margin of 1.93% and a return on equity of 7.21%. The firm had revenue of C$1.07 billion during the quarter, compared to analyst estimates of C$1.08 billion. As a group, analysts predict that Boyd Group Services will post 7.1182171 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Senior Officer Jeff Murray bought 456 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The shares were acquired at an average cost of C$223.12 per share, for a total transaction of C$101,742.72. 0.37% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. TD Securities lowered their target price on shares of Boyd Group Services from C$312.00 to C$300.00 in a research note on Friday, August 9th. Royal Bank of Canada dropped their target price on Boyd Group Services from C$308.00 to C$306.00 in a research note on Friday, August 9th. National Bankshares reduced their target price on Boyd Group Services from C$310.00 to C$270.00 in a research report on Friday, August 9th. Stifel Nicolaus lowered their price target on Boyd Group Services from C$295.00 to C$280.00 and set a “buy” rating for the company in a report on Tuesday, August 13th. Finally, Cormark cut 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 report on Friday, August 9th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, eight have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$285.69.

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.