Q2 2024 EPS Estimates for Boyd Group Services Inc. (TSE:BYD) Reduced by Raymond James

Boyd Group Services Inc. (TSE:BYD) – Equities researchers at Raymond James cut their Q2 2024 earnings per share (EPS) estimates for Boyd Group Services in a report released on Tuesday, May 21st. Raymond James analyst S. Hansen now forecasts that the company will post earnings of $0.96 per share for the quarter, down from their prior forecast of $0.99. Raymond James currently has a “Strong-Buy” rating and a $350.00 target price on the stock. The consensus estimate for Boyd Group Services’ current full-year earnings is $6.50 per share. Raymond James also issued estimates for Boyd Group Services’ Q3 2024 earnings at $1.39 EPS and FY2024 earnings at $4.64 EPS.

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

Other analysts have also issued research reports about the stock. Stifel Nicolaus reduced their price target on shares of Boyd Group Services from C$335.00 to C$305.00 in a research report on Friday, May 17th. Cormark decreased their price target on Boyd Group Services from C$315.00 to C$300.00 in a research note on Thursday, March 21st. National Bank Financial upgraded Boyd Group Services from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 15th. TD Securities reduced their price target on shares of Boyd Group Services from C$310.00 to C$296.00 and set a “buy” rating on the stock in a research note on Thursday, May 16th. Finally, Jefferies Financial Group dropped their price target on Boyd Group Services from C$340.00 to C$325.00 and set a “buy” rating for the company in a research note on Thursday, May 16th. One equities research analyst has rated the stock with a sell rating, nine have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Boyd Group Services presently has an average rating of “Buy” and an average target price of C$301.85.

Boyd Group Services Price Performance

Boyd Group Services stock opened at C$233.17 on Wednesday. Boyd Group Services has a one year low of C$228.56 and a one year high of C$324.75. The stock’s fifty day moving average price is C$269.99 and its two-hundred day moving average price is C$277.80. The company has a debt-to-equity ratio of 137.26, a current ratio of 0.63 and a quick ratio of 0.30. The firm has a market cap of C$5.01 billion, a PE ratio of 42.24, a price-to-earnings-growth ratio of -56.72 and a beta of 1.08.

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 dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date of this dividend was Wednesday, March 27th. Boyd Group Services’s payout ratio is 10.87%.

Insider Buying and Selling

In other Boyd Group Services news, Senior Officer Brian Kaner purchased 600 shares of Boyd Group Services stock in a transaction that occurred on Thursday, May 23rd. The stock was acquired at an average price of C$170.70 per share, with a total value of C$102,420.00. Following the transaction, the insider now owns 600 shares in the company, valued at approximately C$102,420. 0.37% of the stock is owned by insiders.

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.