FY2022 EPS Estimates for Boyd Group Services Inc. (TSE:BYD) Decreased by National Bank Financial

Boyd Group Services Inc. (TSE:BYD – Get Rating) – Equities researchers at National Bank Financial reduced their FY2022 EPS estimates for Boyd Group Services in a research report issued on Wednesday, January 18th. National Bank Financial analyst Z. Evershed now forecasts that the company will post earnings of $2.80 per share for the year, down from their prior forecast of $2.85. The consensus estimate for Boyd Group Services’ current full-year earnings is $5.98 per share. National Bank Financial also issued estimates for Boyd Group Services’ Q4 2022 earnings at $1.07 EPS and FY2024 earnings at $8.21 EPS.

Boyd Group Services (TSE:BYD – Get Rating) last posted its earnings results on Wednesday, November 9th. The company reported C$0.73 earnings per share for the quarter, missing the consensus estimate of C$0.86 by C($0.13). The firm had revenue of C$816.38 million during the quarter, compared to analyst estimates of C$797.73 million.

BYD has been the topic of a number of other reports. Raymond James lifted their target price on shares of Boyd Group Services from C$225.00 to C$240.00 and gave the company a “strong-buy” rating in a report on Thursday, November 10th. ATB Capital upped their target price on shares of Boyd Group Services from C$250.00 to C$255.00 in a report on Thursday, November 10th. CIBC increased their target price on shares of Boyd Group Services from C$205.00 to C$225.00 and gave the stock a “neutral” rating in a research note on Thursday, December 1st. National Bankshares boosted their price target on Boyd Group Services from C$200.00 to C$220.00 and gave the company a “sector perform” rating in a research report on Thursday. Finally, Jefferies Financial Group increased their price objective on Boyd Group Services from C$221.00 to C$235.00 in a research report on Thursday, November 10th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$228.00.

Boyd Group Services Price Performance

Shares of TSE BYD opened at C$211.14 on Friday. The stock has a market cap of C$4.53 billion and a P/E ratio of 104.01. Boyd Group Services has a twelve month low of C$117.48 and a twelve month high of C$222.74. The stock has a 50 day moving average of C$211.81 and a two-hundred day moving average of C$189.44. The company has a current ratio of 0.56, a quick ratio of 0.30 and a debt-to-equity ratio of 130.30.

Boyd Group Services Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 27th. Shareholders of record on Saturday, December 31st will be issued a $0.147 dividend. The ex-dividend date of this dividend is Thursday, December 29th. This is a boost from Boyd Group Services’s previous quarterly dividend of $0.14. This represents a $0.59 dividend on an annualized basis and a yield of 0.28%. Boyd Group Services’s dividend payout ratio (DPR) is 21.94%.

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 Autoglassonly.com names in the United States.