Boyd Group Services Inc. to Post FY2024 Earnings of $6.51 Per Share, Cormark Forecasts (TSE:BYD)

Boyd Group Services Inc. (TSE:BYD) – Equities researchers at Cormark raised their FY2024 EPS estimates for Boyd Group Services in a research note issued on Tuesday, April 30th. Cormark analyst J. Fenwick now forecasts that the company will post earnings of $6.51 per share for the year, up from their prior estimate of $6.43. The consensus estimate for Boyd Group Services’ current full-year earnings is $6.53 per share. Cormark also issued estimates for Boyd Group Services’ FY2025 earnings at $9.42 EPS.

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

BYD has been the topic of a number of other reports. Desjardins dropped their price target on Boyd Group Services from C$320.00 to C$310.00 and set a “hold” rating on the stock in a research note on Thursday, March 21st. National Bankshares upped their target price on Boyd Group Services from C$260.00 to C$310.00 and gave the company a “sector perform” rating in a report on Monday, January 29th. Raymond James lowered their target price on Boyd Group Services from C$380.00 to C$375.00 and set a “strong-buy” rating on the stock in a research note on Thursday, March 21st. CIBC reduced their price target on shares of Boyd Group Services from C$306.00 to C$304.00 and set an “outperform” rating for the company in a research report on Friday, April 19th. Finally, Scotiabank increased their price objective on Boyd Group Services from C$315.00 to C$325.00 and gave the company an “outperform” rating in a report on Thursday, March 21st. One research analyst has rated the stock with a sell rating, two have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$319.31.

Boyd Group Services Trading Down 1.3 %

Shares of BYD stock opened at C$264.00 on Friday. The company has a market cap of C$5.67 billion, a P/E ratio of 47.48, a PEG ratio of -56.72 and a beta of 1.06. Boyd Group Services has a fifty-two week low of C$225.86 and a fifty-two week high of C$324.75. The stock has a 50 day simple moving average of C$289.06 and a two-hundred day simple moving average of C$276.55. The company has a debt-to-equity ratio of 137.26, a quick ratio of 0.30 and a current ratio of 0.63.

Boyd Group Services Announces Dividend

The firm 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 0.23%. Boyd Group Services’s payout ratio is currently 10.79%.

Boyd Group Services Company Profile

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.