Q1 2024 EPS Estimates for Boyd Group Services Inc. Reduced by Atb Cap Markets (TSE:BYD)

Boyd Group Services Inc. (TSE:BYD) – Analysts at Atb Cap Markets reduced their Q1 2024 earnings per share estimates for shares of Boyd Group Services in a report released on Monday, April 22nd. Atb Cap Markets analyst C. Murray now anticipates that the company will earn $0.72 per share for the quarter, down from their previous estimate of $1.06. 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’ Q2 2024 earnings at $1.34 EPS, Q4 2024 earnings at $1.75 EPS, FY2024 earnings at $5.44 EPS and Q4 2025 earnings at $2.28 EPS.

Several other equities research analysts have also weighed in on BYD. Scotiabank increased their target price on Boyd Group Services from C$315.00 to C$325.00 and gave the stock an “outperform” rating in a research report on Thursday, March 21st. Jefferies Financial Group increased their target price on Boyd Group Services from C$290.00 to C$340.00 and gave the stock a “buy” rating in a research report on Thursday, March 21st. Royal Bank of Canada dropped their target price on Boyd Group Services from C$348.00 to C$337.00 and set an “outperform” rating on the stock in a research report on Thursday, March 21st. BMO Capital Markets dropped their target price on Boyd Group Services from C$350.00 to C$330.00 and set an “outperform” rating on the stock in a research report on Thursday, March 21st. Finally, Desjardins dropped their target price on Boyd Group Services from C$320.00 to C$310.00 and set a “hold” rating on the stock in a research report on Thursday, March 21st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Boyd Group Services presently has a consensus rating of “Moderate Buy” and an average target price of C$319.69.

Boyd Group Services Stock Performance

BYD stock opened at C$262.15 on Thursday. Boyd Group Services has a 12-month low of C$213.72 and a 12-month high of C$324.75. 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 stock’s 50 day simple moving average is C$295.93 and its 200 day simple moving average is C$276.10. The firm has a market cap of C$5.63 billion, a P/E ratio of 47.32, a P/E/G ratio of -56.72 and a beta of 1.06.

Boyd Group Services (TSE:BYD) last posted its quarterly earnings results on Wednesday, March 20th. The company reported C$1.27 earnings per share (EPS) for the quarter, missing the consensus estimate of C$1.50 by C($0.23). The firm had revenue of C$1.01 billion for the quarter, compared to analyst estimates 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 declared a quarterly dividend, which will be paid on Friday, April 26th. Investors of record on Sunday, March 31st will be given a $0.15 dividend. 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 0.23%. 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.