Boyd Group Services (NYSE:BGSI) Posts Earnings Results, Beats Expectations By $0.27 EPS

Boyd Group Services (NYSE:BGSI) announced its quarterly earnings data on Wednesday. The company reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.27, Zacks reports. Boyd Group Services had a net margin of 0.52% and a return on equity of 3.91%.

Boyd Group Services Stock Performance

Boyd Group Services stock opened at $139.10 on Thursday. The stock’s 50-day simple moving average is $167.20. The company has a market capitalization of $3.87 billion, a PE ratio of 188.30 and a beta of 0.68. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.59 and a quick ratio of 0.44. Boyd Group Services has a 52 week low of $134.22 and a 52 week high of $183.10.

Boyd Group Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 28th. Investors of record on Tuesday, March 31st will be paid a $0.156 dividend. This represents a $0.62 annualized dividend and a yield of 0.4%. The ex-dividend date is Tuesday, March 31st. Boyd Group Services’s dividend payout ratio (DPR) is 60.81%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in BGSI. Nuveen LLC bought a new stake in shares of Boyd Group Services in the fourth quarter valued at about $3,116,000. Geode Capital Management LLC acquired a new stake in Boyd Group Services in the 4th quarter worth about $3,010,000. Russell Investments Group Ltd. bought a new stake in Boyd Group Services in the 4th quarter valued at about $2,738,000. Skandinaviska Enskilda Banken AB publ acquired a new position in shares of Boyd Group Services during the 4th quarter worth approximately $2,684,000. Finally, PenderFund Capital Management Ltd. bought a new position in shares of Boyd Group Services during the fourth quarter worth approximately $1,991,000. 0.17% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on BGSI shares. Scotiabank upgraded shares of Boyd Group Services to a “strong-buy” rating in a research note on Wednesday, January 14th. Weiss Ratings initiated coverage on Boyd Group Services in a report on Thursday, January 15th. They set a “sell (d+)” rating on the stock. Stephens restated an “overweight” rating and issued a $200.00 price target on shares of Boyd Group Services in a research note on Thursday. Finally, Wall Street Zen cut Boyd Group Services from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $200.00.

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.