Boyd Group Services Inc. (TSE:BYD) to Post Q2 2024 Earnings of $0.86 Per Share, Atb Cap Markets Forecasts

Boyd Group Services Inc. (TSE:BYD) – Research analysts at Atb Cap Markets decreased their Q2 2024 earnings per share estimates for shares of Boyd Group Services in a report issued on Wednesday, May 15th. Atb Cap Markets analyst C. Murray now forecasts that the company will post earnings per share of $0.86 for the quarter, down from their previous forecast of $1.34. The consensus estimate for Boyd Group Services’ current full-year earnings is $6.50 per share. Atb Cap Markets also issued estimates for Boyd Group Services’ Q3 2024 earnings at $1.65 EPS, Q1 2025 earnings at $2.16 EPS, Q3 2025 earnings at $2.37 EPS and FY2025 earnings at $9.33 EPS.

Boyd Group Services (TSE:BYD) last released 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). Boyd Group Services had a net margin of 2.94% and a return on equity of 11.00%. The company had revenue of C$1.01 billion during the quarter, compared to analysts’ expectations of C$1.01 billion.

A number of other analysts also recently issued reports on the company. ATB Capital decreased their target price on Boyd Group Services from C$345.00 to C$340.00 and set an “outperform” rating for the company in a research report on Thursday, May 16th. Jefferies Financial Group decreased their price objective on Boyd Group Services from C$340.00 to C$325.00 and set a “buy” rating for the company in a report on Thursday, May 16th. National Bankshares raised shares of Boyd Group Services from a “hold” rating to a “buy” rating and dropped their price objective for the company from C$310.00 to C$290.00 in a report on Thursday, May 16th. Raymond James reduced their target price on shares of Boyd Group Services from C$375.00 to C$350.00 and set a “strong-buy” rating for the company in a research note on Thursday, May 16th. Finally, Stifel Nicolaus dropped their price target on shares of Boyd Group Services from C$335.00 to C$305.00 in a research note on Friday, May 17th. One equities research analyst has rated the stock with a sell rating, nine have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Boyd Group Services currently has an average rating of “Buy” and a consensus price target of C$301.85.

Boyd Group Services Trading Down 1.3 %

TSE:BYD opened at C$230.94 on Monday. Boyd Group Services has a 12 month low of C$228.56 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 firm’s 50 day moving average is C$273.23 and its 200 day moving average is C$278.43. The stock has a market capitalization of C$4.96 billion, a PE ratio of 41.84, a price-to-earnings-growth ratio of -56.72 and a beta of 1.08.

Boyd Group Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 26th. Investors of record on Sunday, March 31st were given a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.26%. Boyd Group Services’s dividend payout ratio (DPR) is presently 10.87%.

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.