Boyd Group Services Inc. (TSE:BYD) Forecasted to Post Q1 2024 Earnings of $1.03 Per Share

Boyd Group Services Inc. (TSE:BYD) – Equities research analysts at Desjardins issued their Q1 2024 earnings per share estimates for shares of Boyd Group Services in a report released on Thursday, April 18th. Desjardins analyst G. Ho anticipates that the company will post earnings per share of $1.03 for the quarter. Desjardins has a “Hold” rating and a $310.00 price target on the stock. The consensus estimate for Boyd Group Services’ current full-year earnings is $6.56 per share. Desjardins also issued estimates for Boyd Group Services’ FY2024 earnings at $6.55 EPS and FY2025 earnings at $9.14 EPS.

A number of other equities analysts have also recently commented on the stock. Stifel Nicolaus dropped their price target on shares of Boyd Group Services from C$355.00 to C$340.00 in a research note on Friday, March 22nd. CIBC lowered their target price on Boyd Group Services from C$306.00 to C$304.00 and set an “outperform” rating for the company in a report on Friday. TD Securities lowered Boyd Group Services from a “buy” rating to a “hold” rating and cut their price target for the company from C$320.00 to C$310.00 in a research note on Thursday, March 21st. Royal Bank of Canada decreased their price objective on Boyd Group Services from C$348.00 to C$337.00 and set an “outperform” rating for the company 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 investment analyst has rated the stock with a sell rating, three have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$319.69.

Boyd Group Services Trading Up 0.8 %

Shares of BYD opened at C$271.83 on Monday. The company’s fifty day moving average is C$296.60 and its 200 day moving average is C$275.92. The company has a debt-to-equity ratio of 137.26, a quick ratio of 0.30 and a current ratio of 0.63. The stock has a market capitalization of C$5.84 billion, a PE ratio of 49.07, a P/E/G ratio of -56.72 and a beta of 1.06. Boyd Group Services has a fifty-two week low of C$213.66 and a fifty-two week high of C$324.75.

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

Boyd Group Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 26th. Stockholders of record on Sunday, March 31st will be given a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.22%. 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.