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

Boyd Group Services Inc. (TSE:BYD) – Atb Cap Markets reduced their Q3 2024 earnings estimates for shares of Boyd Group Services in a research report issued to clients and investors on Monday, April 22nd. Atb Cap Markets analyst C. Murray now forecasts that the company will earn $1.64 per share for the quarter, down from their prior estimate of $1.75. 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’ Q1 2025 earnings at $2.01 EPS, Q2 2025 earnings at $2.34 EPS, Q3 2025 earnings at $2.27 EPS and FY2025 earnings at $8.90 EPS.

Several other analysts also recently commented on the stock. TD Securities downgraded shares of Boyd Group Services from a “buy” rating to a “hold” rating and reduced their price objective for the stock from C$320.00 to C$310.00 in a research report on Thursday, March 21st. Stifel Nicolaus reduced their price objective on shares of Boyd Group Services from C$355.00 to C$340.00 in a research report on Friday, March 22nd. Cormark reduced their price target on shares of Boyd Group Services from C$315.00 to C$300.00 in a research report 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, Jefferies Financial Group lifted their price target on shares of Boyd Group Services from C$290.00 to C$340.00 and gave the company a “buy” rating in a research report on Thursday, March 21st. One analyst has rated the stock with a sell rating, three have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Boyd Group Services has a consensus rating of “Moderate Buy” and a consensus target price of C$319.69.

Boyd Group Services Stock Performance

Shares of BYD stock opened at C$258.54 on Wednesday. The company has a market cap of C$5.55 billion, a price-to-earnings ratio of 46.67, a price-to-earnings-growth ratio of -56.72 and a beta of 1.06. Boyd Group Services has a 52 week low of C$214.04 and a 52 week high of C$324.75. The company has a quick ratio of 0.30, a current ratio of 0.63 and a debt-to-equity ratio of 137.26. The firm has a 50 day moving average of C$295.04 and a 200-day moving average of C$276.00.

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

Boyd Group Services Dividend Announcement

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