Cormark Brokers Lower Earnings Estimates for Boyd Group Services Inc. (TSE:BYD)

Boyd Group Services Inc. (TSE:BYDGet Rating) – Cormark decreased their Q2 2022 earnings per share estimates for shares of Boyd Group Services in a report released on Monday, August 1st. Cormark analyst J. Fenwick now expects that the company will post earnings per share of $0.28 for the quarter, down from their previous estimate of $0.43. The consensus estimate for Boyd Group Services’ current full-year earnings is $5.15 per share. Cormark also issued estimates for Boyd Group Services’ FY2022 earnings at $1.48 EPS and FY2023 earnings at $4.40 EPS.

A number of other research firms also recently issued reports on BYD. Stifel Nicolaus cut their price target on Boyd Group Services from C$185.00 to C$150.00 in a research note on Thursday, May 12th. CIBC cut their price target on Boyd Group Services from C$168.00 to C$156.00 in a research note on Friday, June 3rd. National Bank Financial upgraded Boyd Group Services from a “sector perform under weight” rating to an “outperfrom under weight” rating in a research note on Wednesday, May 11th. Scotiabank cut their price target on Boyd Group Services from C$220.00 to C$200.00 in a research note on Tuesday, July 19th. Finally, Raymond James cut their price objective on Boyd Group Services from C$235.00 to C$195.00 and set a “strong-buy” rating for the company in a research note on Friday, May 13th. Three investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of C$199.73.

Boyd Group Services Trading Down 0.8 %

Boyd Group Services stock opened at C$159.85 on Thursday. The business has a 50-day simple moving average of C$142.66 and a two-hundred day simple moving average of C$156.32. The company has a market cap of C$3.43 billion and a P/E ratio of 153.70. Boyd Group Services has a 52-week low of C$117.48 and a 52-week high of C$267.00. The company has a quick ratio of 0.41, a current ratio of 0.68 and a debt-to-equity ratio of 139.27.

Boyd Group Services (TSE:BYDGet Rating) last released its quarterly earnings results on Wednesday, May 11th. The company reported C$0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.15 by C($0.02). The business had revenue of C$705.26 million during the quarter, compared to analyst estimates of C$664.95 million.

Boyd Group Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 27th. Investors of record on Thursday, June 30th were issued a $0.144 dividend. The ex-dividend date was Wednesday, June 29th. This represents a $0.58 dividend on an annualized basis and a yield of 0.36%. Boyd Group Services’s dividend payout ratio is presently 43.51%.

About Boyd Group Services

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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 names in the United States.

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Earnings History and Estimates for Boyd Group Services (TSE:BYD)

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