Cormark Expects Increased Earnings for Boyd Group Services

Boyd Group Services Inc. (TSE:BYD) – Analysts at Cormark upped their FY2024 earnings estimates for Boyd Group Services in a report released on Monday, January 27th. Cormark analyst J. Fenwick now anticipates that the company will post earnings of $1.86 per share for the year, up from their previous forecast of $1.58. The consensus estimate for Boyd Group Services’ current full-year earnings is $7.15 per share. Cormark also issued estimates for Boyd Group Services’ Q4 2024 earnings at $0.20 EPS and FY2025 earnings at $5.62 EPS.

Other analysts also recently issued reports about the stock. Raymond James reduced their target price on shares of Boyd Group Services from C$295.00 to C$285.00 in a research report on Thursday, November 7th. BMO Capital Markets decreased their target price on shares of Boyd Group Services from C$260.00 to C$250.00 in a research note on Wednesday, November 6th. TD Securities lowered their target price on shares of Boyd Group Services from C$300.00 to C$270.00 in a report on Wednesday, November 6th. Stifel Nicolaus cut their price target on Boyd Group Services from C$280.00 to C$275.00 in a research note on Monday, October 28th. Finally, National Bankshares lowered their price objective on Boyd Group Services from C$270.00 to C$245.00 in a research note on Wednesday, November 6th. Two analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Boyd Group Services presently has an average rating of “Buy” and an average target price of C$278.08.

Boyd Group Services Price Performance

Shares of BYD stock opened at C$236.89 on Wednesday. The business’s fifty day moving average is C$216.72 and its 200 day moving average is C$219.96. 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 stock has a market cap of C$5.09 billion, a price-to-earnings ratio of 63.17, a PEG ratio of -56.72 and a beta of 0.99. Boyd Group Services has a twelve month low of C$198.61 and a twelve month high of C$324.75.

Boyd Group Services (TSE:BYD) last posted its earnings results on Tuesday, November 5th. The company reported C$0.20 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.66 by C($0.46). The firm had revenue of C$1.03 billion for the quarter, compared to analysts’ expectations of C$1.03 billion. Boyd Group Services had a return on equity of 7.21% and a net margin of 1.93%.

Insiders Place Their Bets

In other news, Director Robert Berthold Espey purchased 200 shares of the stock in a transaction dated Tuesday, November 26th. The shares were purchased at an average cost of C$220.00 per share, with a total value of C$44,000.00. 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.