Research Analysts Issue Forecasts for Boyd Group Services Inc.’s Q1 2024 Earnings (TSE:BYD)

Boyd Group Services Inc. (TSE:BYD) – Stock analysts at Atb Cap Markets decreased their Q1 2024 earnings estimates for shares of Boyd Group Services in a research report issued to clients and investors on Monday, April 22nd. Atb Cap Markets analyst C. Murray now forecasts that the company will earn $0.72 per share for the quarter, down from their previous estimate of $1.06. The consensus estimate for Boyd Group Services’ current full-year earnings is $6.56 per share. Atb Cap Markets also issued estimates for Boyd Group Services’ Q2 2024 earnings at $1.34 EPS, Q4 2024 earnings at $1.75 EPS, FY2024 earnings at $5.44 EPS and Q4 2025 earnings at $2.28 EPS.

BYD has been the subject of several other research reports. Cormark dropped their price target on shares of Boyd Group Services from C$315.00 to C$300.00 in a research note on Thursday, March 21st. TD Securities lowered shares of Boyd Group Services from a “buy” rating to a “hold” rating and decreased their price objective for the stock from C$320.00 to C$310.00 in a report on Thursday, March 21st. Royal Bank of Canada reduced their target price on shares of Boyd Group Services from C$348.00 to C$337.00 and set an “outperform” rating on the stock in a report on Thursday, March 21st. Jefferies Financial Group increased their target price on shares of Boyd Group Services from C$290.00 to C$340.00 and gave the stock a “buy” rating in a report on Thursday, March 21st. Finally, National Bankshares increased their target price on shares of Boyd Group Services from C$260.00 to C$310.00 and gave the stock a “sector perform” rating in a report on Monday, January 29th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Boyd Group Services currently has an average rating of “Moderate Buy” and an average target price of C$319.69.

Boyd Group Services Stock Down 0.5 %

Shares of TSE BYD opened at C$257.23 on Thursday. Boyd Group Services has a 12-month low of C$217.93 and a 12-month high of C$324.75. The stock has a market cap of C$5.52 billion, a PE ratio of 46.43, a P/E/G ratio of -56.72 and a beta of 1.06. The company has a current ratio of 0.63, a quick ratio of 0.30 and a debt-to-equity ratio of 137.26. The company has a 50-day moving average of C$293.98 and a 200 day moving average of C$275.88.

Boyd Group Services (TSE:BYD) last announced its quarterly earnings data on Wednesday, March 20th. The company reported C$1.27 earnings per share (EPS) for the quarter, missing the consensus estimate of C$1.50 by C($0.23). Boyd Group Services had a net margin of 2.94% and a return on equity of 11.00%. The business had revenue of C$1.01 billion for the quarter, compared to analysts’ expectations of C$1.01 billion.

Boyd Group Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 26th. Stockholders of record on Sunday, March 31st were issued a $0.15 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.23%. Boyd Group Services’s payout ratio is 10.83%.

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.