Boyd Group Services (TSE:BYD) Issues Earnings Results, Misses Estimates By $0.46 EPS

Boyd Group Services (TSE:BYD) announced its quarterly earnings data on Tuesday. The company reported C$0.20 EPS for the quarter, missing analysts’ consensus estimates of C$0.66 by C($0.46), reports. The firm had revenue of C$1.03 billion during the quarter, compared to analysts’ expectations of C$1.03 billion. Boyd Group Services had a net margin of 1.93% and a return on equity of 7.21%.

Boyd Group Services Stock Performance

TSE BYD opened at C$214.12 on Thursday. The business’s 50-day moving average price is C$213.83 and its 200 day moving average price is C$233.72. The company has a quick ratio of 0.30, a current ratio of 0.61 and a debt-to-equity ratio of 146.14. The firm has a market cap of C$4.60 billion, a P/E ratio of 57.10, a P/E/G ratio of -56.72 and a beta of 0.99. Boyd Group Services has a 52-week low of C$198.61 and a 52-week high of C$324.75.

Boyd Group Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 29th. Stockholders of record on Monday, September 30th were paid a dividend of $0.15 per share. The ex-dividend date was Friday, September 27th. This represents a $0.60 annualized dividend and a dividend yield of 0.28%. Boyd Group Services’s dividend payout ratio (DPR) is 16.00%.

Analyst Upgrades and Downgrades

BYD has been the topic of a number of analyst reports. CIBC cut their price target on Boyd Group Services from C$290.00 to C$268.00 in a research note on Friday, August 9th. Jefferies Financial Group decreased their target price on Boyd Group Services from C$325.00 to C$300.00 in a research note on Friday, August 9th. Royal Bank of Canada dropped their price target on shares of Boyd Group Services from C$306.00 to C$280.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd. Stifel Nicolaus cut their price objective on shares of Boyd Group Services from C$280.00 to C$275.00 in a report on Monday, October 28th. Finally, BMO Capital Markets lowered their target price on shares of Boyd Group Services from C$260.00 to C$250.00 in a report on Wednesday. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Boyd Group Services presently has an average rating of “Buy” and a consensus target price of C$278.58.

Insiders Place Their Bets

In related news, Senior Officer Jeff Murray bought 456 shares of the company’s stock in a transaction dated Monday, August 12th. The shares were acquired at an average price of C$223.12 per share, with a total value of C$101,742.72. 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.