Desjardins Weighs in on Boyd Group Services Inc.’s Q1 2024 Earnings (TSE:BYD)

Boyd Group Services Inc. (TSE:BYD) – Research analysts at Desjardins issued their Q1 2024 earnings estimates for shares of Boyd Group Services in a note issued to investors on Thursday, April 18th. Desjardins analyst G. Ho anticipates that the company will earn $1.03 per share for the quarter. Desjardins currently has a “Hold” rating and a $310.00 target price on the stock. The consensus estimate for Boyd Group Services’ current full-year earnings is $6.56 per share. Desjardins also issued estimates for Boyd Group Services’ FY2024 earnings at $6.55 EPS and FY2025 earnings at $9.14 EPS.

A number of other analysts also recently commented on the stock. Jefferies Financial Group boosted their target price on shares of Boyd Group Services from C$290.00 to C$340.00 and gave the stock a “buy” rating in a report on Thursday, March 21st. TD Securities downgraded shares of Boyd Group Services from a “buy” rating to a “hold” rating and dropped their target price for the stock from C$320.00 to C$310.00 in a report on Thursday, March 21st. Scotiabank boosted their target price on shares of Boyd Group Services from C$315.00 to C$325.00 and gave the stock an “outperform” rating in a report on Thursday, March 21st. Cormark dropped their target price on shares of Boyd Group Services from C$315.00 to C$300.00 in a report on Thursday, March 21st. Finally, Royal Bank of Canada dropped their target price on shares of Boyd Group Services from C$348.00 to C$337.00 and set an “outperform” rating on the stock in a report on Thursday, March 21st. One equities research analyst has rated the stock with a sell rating, three have given 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 currently has an average rating of “Moderate Buy” and an average target price of C$319.69.

Boyd Group Services Trading Down 1.7 %

Shares of TSE:BYD opened at C$267.08 on Monday. The company has a current ratio of 0.63, a quick ratio of 0.30 and a debt-to-equity ratio of 137.26. The company has a 50 day moving average of C$295.93 and a 200-day moving average of C$276.10. Boyd Group Services has a twelve month low of C$213.66 and a twelve month high of C$324.75. The firm has a market cap of C$5.73 billion, a P/E ratio of 48.21, a P/E/G ratio of -56.72 and a beta of 1.06.

Boyd Group Services (TSE:BYD) last issued its quarterly earnings results on Wednesday, March 20th. The company reported C$1.27 earnings per share for the quarter, missing analysts’ consensus estimates of C$1.50 by C($0.23). The company had revenue of C$1.01 billion during 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 company also recently declared a quarterly dividend, which will be paid on Friday, April 26th. Stockholders of record on Sunday, March 31st will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.22%. 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.