Atb Cap Markets Equities Analysts Decrease Earnings Estimates for Boyd Group Services Inc. (TSE:BYD)

Boyd Group Services Inc. (TSE:BYD) – Equities research analysts at Atb Cap Markets lowered their Q1 2024 earnings estimates for shares of Boyd Group Services in a report issued on Monday, April 22nd. Atb Cap Markets analyst C. Murray now anticipates that the company will post earnings per share of $0.72 for the quarter, down from their prior estimate of $1.06. The consensus estimate for Boyd Group Services’ current full-year earnings is $6.56 per share. Atb Cap Markets also issued estimates for Boyd Group Services’ Q2 2024 earnings at $1.34 EPS, Q4 2024 earnings at $1.75 EPS, FY2024 earnings at $5.44 EPS and Q4 2025 earnings at $2.28 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 the consensus estimate 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 business had revenue of C$1.01 billion during the quarter, compared to analysts’ expectations of C$1.01 billion.

Several other equities analysts have also recently commented on the stock. Scotiabank raised their price target on shares of Boyd Group Services from C$315.00 to C$325.00 and gave the company an “outperform” rating in a research report on Thursday, March 21st. TD Securities cut shares of Boyd Group Services from a “buy” rating to a “hold” rating and decreased their price target for the company from C$320.00 to C$310.00 in a research report on Thursday, March 21st. Stifel Nicolaus decreased their price target on shares of Boyd Group Services from C$355.00 to C$340.00 in a research report on Friday, March 22nd. ATB Capital raised their price target on shares of Boyd Group Services from C$300.00 to C$350.00 and gave the company an “outperform” rating in a research report on Tuesday, March 12th. Finally, Jefferies Financial Group raised their price objective on shares of Boyd Group Services from C$290.00 to C$340.00 and gave the company a “buy” rating in a report on Thursday, March 21st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$319.69.

Boyd Group Services Stock Performance

Shares of BYD stock opened at C$258.54 on Thursday. 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 has a 52 week low of C$214.04 and a 52 week high of C$324.75. The stock has a market capitalization of C$5.55 billion, a PE ratio of 46.67, a P/E/G ratio of -56.72 and a beta of 1.06. The firm has a 50 day moving average of C$295.04 and a two-hundred day moving average of C$276.00.

Boyd Group Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 26th. Investors of record on Sunday, March 31st will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $0.60 annualized dividend and a yield of 0.23%. Boyd Group Services’s dividend payout ratio is currently 10.83%.

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.