Q2 2024 EPS Estimates for Boyd Group Services Inc. Cut by Atb Cap Markets (TSE:BYD)

Boyd Group Services Inc. (TSE:BYD) – Investment analysts at Atb Cap Markets lowered their Q2 2024 earnings per share estimates for shares of Boyd Group Services in a research report issued on Wednesday, May 15th. Atb Cap Markets analyst C. Murray now expects that the company will post earnings per share of $0.86 for the quarter, down from their previous estimate of $1.34. The consensus estimate for Boyd Group Services’ current full-year earnings is $6.50 per share. Atb Cap Markets also issued estimates for Boyd Group Services’ Q3 2024 earnings at $1.65 EPS, Q1 2025 earnings at $2.16 EPS, Q3 2025 earnings at $2.37 EPS and FY2025 earnings at $9.33 EPS.

Boyd Group Services (TSE:BYD) last issued 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). Boyd Group Services had a return on equity of 11.00% and a net margin of 2.94%. The company had revenue of C$1.01 billion during the quarter, compared to analyst estimates of C$1.01 billion.

Other equities analysts also recently issued reports about the company. Raymond James reduced their price objective on Boyd Group Services from C$375.00 to C$350.00 and set a “strong-buy” rating for the company in a research report on Thursday, May 16th. Jefferies Financial Group reduced their price target on Boyd Group Services from C$340.00 to C$325.00 and set a “buy” rating for the company in a research report on Thursday, May 16th. Royal Bank of Canada cut their price objective on shares of Boyd Group Services from C$337.00 to C$308.00 and set an “outperform” rating on the stock in a research note on Thursday, May 16th. CIBC decreased their target price on shares of Boyd Group Services from C$304.00 to C$290.00 and set an “outperform” rating for the company in a research report on Thursday, May 16th. Finally, Cormark lowered their target price on shares of Boyd Group Services from C$315.00 to C$300.00 in a research note on Thursday, March 21st. One analyst has rated the stock with a sell rating, nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Boyd Group Services has a consensus rating of “Buy” and a consensus price target of C$301.85.

Boyd Group Services Trading Down 0.6 %

Boyd Group Services stock opened at C$234.01 on Monday. The firm has a 50-day moving average price of C$274.86 and a two-hundred day moving average price of C$278.54. Boyd Group Services has a 52-week low of C$228.56 and a 52-week high of C$324.75. The firm has a market capitalization of C$5.02 billion, a price-to-earnings ratio of 42.39, a PEG ratio of -56.72 and a beta of 1.08. The company has a quick ratio of 0.30, a current ratio of 0.63 and a debt-to-equity ratio of 137.26.

Boyd Group Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 26th. Shareholders of record on Sunday, March 31st were issued a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.60 annualized dividend and a dividend yield of 0.26%. Boyd Group Services’s dividend payout ratio is currently 10.87%.

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.