Equities Analysts Offer Predictions for Boyd Group Services Inc.’s FY2024 Earnings (TSE:BYD)

Boyd Group Services Inc. (TSE:BYD – Get Rating) – Analysts at Cormark boosted their FY2024 earnings per share estimates for shares of Boyd Group Services in a research note issued on Thursday, May 11th. Cormark analyst J. Fenwick now anticipates that the company will post earnings of $5.83 per share for the year, up from their prior estimate of $5.82. The consensus estimate for Boyd Group Services’ current full-year earnings is $5.71 per share.

Boyd Group Services (TSE:BYD – Get Rating) last posted its quarterly earnings results on Wednesday, March 22nd. The company reported C$0.92 EPS for the quarter, missing analysts’ consensus estimates of C$1.05 by C($0.13). Boyd Group Services had a return on equity of 5.56% and a net margin of 1.68%. The business had revenue of C$864.99 million for the quarter, compared to analyst estimates of C$832.79 million.

A number of other equities analysts have also recently issued reports on BYD. National Bankshares raised Boyd Group Services from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from C$220.00 to C$250.00 in a report on Thursday, March 23rd. Jefferies Financial Group upped their target price on Boyd Group Services from C$235.00 to C$244.00 in a report on Friday, March 24th. National Bank Financial raised Boyd Group Services from a “sector perform under weight” rating to an “outperfrom under weight” rating in a research note on Wednesday, March 22nd. Royal Bank of Canada increased their price target on Boyd Group Services from C$227.00 to C$250.00 and gave the company an “outperform” rating in a research note on Thursday, March 23rd. Finally, ATB Capital increased their price target on Boyd Group Services from C$255.00 to C$265.00 in a research note on Thursday, March 23rd. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$238.55.

Boyd Group Services Price Performance

Boyd Group Services stock opened at C$244.22 on Monday. The company has a debt-to-equity ratio of 131.01, a quick ratio of 0.30 and a current ratio of 0.65. Boyd Group Services has a 52 week low of C$117.48 and a 52 week high of C$247.37. The stock has a market capitalization of C$5.24 billion, a P/E ratio of 93.57, a price-to-earnings-growth ratio of -56.72 and a beta of 1.10. The stock has a fifty day moving average of C$218.72 and a 200-day moving average of C$213.06.

Boyd Group Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 26th. Investors of record on Friday, March 31st were given a dividend of $0.147 per share. The ex-dividend date was Thursday, March 30th. This represents a $0.59 annualized dividend and a dividend yield of 0.24%. Boyd Group Services’s payout ratio is 22.61%.

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.