Boyd Group Services (NYSE:BGSI) Releases Earnings Results, Misses Estimates By $0.14 EPS

Boyd Group Services (NYSE:BGSI) issued its quarterly earnings results on Wednesday. The company reported $0.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.94 by ($0.14), Zacks reports. Boyd Group Services had a return on equity of 4.90% and a net margin of 0.39%.The company had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1.02 billion.

Boyd Group Services Trading Down 8.0%

NYSE:BGSI traded down $8.46 during trading hours on Thursday, hitting $96.61. The company had a trading volume of 18,465 shares, compared to its average volume of 46,618. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.60 and a quick ratio of 0.46. The stock has a 50-day moving average price of $99.51 and a 200 day moving average price of $125.27. The company has a market capitalization of $2.69 billion, a PE ratio of 147.68 and a beta of 0.72. Boyd Group Services has a 52 week low of $88.97 and a 52 week high of $183.10.

Boyd Group Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 29th. Investors of record on Tuesday, June 30th were paid a $0.156 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.62 dividend on an annualized basis and a yield of 0.6%. Boyd Group Services’s dividend payout ratio (DPR) is presently 66.67%.

Institutional Trading of Boyd Group Services

Several large investors have recently bought and sold shares of BGSI. PenderFund Capital Management Ltd. bought a new position in shares of Boyd Group Services in the 4th quarter worth approximately $1,991,000. Russell Investments Group Ltd. bought a new position in Boyd Group Services in the fourth quarter worth $2,738,000. Skandinaviska Enskilda Banken AB publ purchased a new position in Boyd Group Services during the fourth quarter valued at $2,684,000. Nuveen LLC purchased a new position in Boyd Group Services during the fourth quarter valued at $3,116,000. Finally, Franklin Resources Inc. bought a new stake in shares of Boyd Group Services during the 4th quarter valued at $1,511,000. 0.17% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on BGSI shares. Zacks Research raised shares of Boyd Group Services from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 28th. Wall Street Zen downgraded shares of Boyd Group Services from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Boyd Group Services in a report on Wednesday, June 24th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $157.00.

Boyd Group Services Company Profile

Boyd Group Services Inc is a North American operator of collision repair centers that provides vehicle repair, paint and refinishing, and auto glass replacement services. Its locations perform mechanical and cosmetic collision repairs, parts sourcing, and related warranty work, serving retail customers as well as business clients such as insurers and fleet operators. The company’s operations typically include estimating, repair planning, paint and body work, and post-repair quality assurance and customer service.

Headquartered in Winnipeg, Manitoba, Canada, Boyd Group Services operates across both Canada and the United States through a network of company-owned collision repair facilities under various local and regional brand names.