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

Boyd Group Services Inc. (TSE:BYD) – Investment analysts at Atb Cap Markets reduced their Q3 2024 earnings per share (EPS) estimates for shares of Boyd Group Services in a report released on Monday, April 22nd. Atb Cap Markets analyst C. Murray now forecasts that the company will post earnings of $1.64 per share for the quarter, down from their prior forecast 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.

A number of other brokerages have also recently weighed in on BYD. Desjardins decreased their price objective on Boyd Group Services from C$320.00 to C$310.00 and set a “hold” rating for the company in a research note on Thursday, March 21st. ATB Capital upped their price objective on Boyd Group Services from C$300.00 to C$350.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 12th. TD Securities cut Boyd Group Services from a “buy” rating to a “hold” rating and decreased their price objective for the stock from C$320.00 to C$310.00 in a research note on Thursday, March 21st. Royal Bank of Canada decreased their price objective on Boyd Group Services from C$348.00 to C$337.00 and set an “outperform” rating for the company in a research note on Thursday, March 21st. Finally, National Bankshares upped their price objective on Boyd Group Services from C$260.00 to C$310.00 and gave the stock a “sector perform” rating in a research note on Monday, January 29th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$319.69.

Boyd Group Services Trading Down 1.4 %

Shares of TSE BYD opened at C$258.54 on Wednesday. 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 stock has a market capitalization of C$5.55 billion, a P/E ratio of 46.67, a price-to-earnings-growth ratio of -56.72 and a beta of 1.06. Boyd Group Services has a 1-year low of C$214.04 and a 1-year high of C$324.75. The business has a fifty day moving average price of C$295.04 and a 200 day moving average price of C$276.00.

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

Boyd Group Services Announces Dividend

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