Boyd Group Services (NYSE:BGSI) Posts Quarterly Earnings Results, Misses Estimates By $0.24 EPS

Boyd Group Services (NYSE:BGSI) released its quarterly earnings data on Wednesday. The company reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.24), Zacks reports. Boyd Group Services had a net margin of 0.25% and a return on equity of 5.21%.

Boyd Group Services Price Performance

Shares of NYSE BGSI traded down $11.47 during mid-day trading on Wednesday, reaching $77.03. 122,886 shares of the company were exchanged, compared to its average volume of 48,392. Boyd Group Services has a 52 week low of $75.42 and a 52 week high of $183.10. The company’s 50 day moving average price is $82.80 and its 200 day moving average price is $112.51. The stock has a market capitalization of $2.14 billion, a PE ratio of 167.45 and a beta of 0.68. The company has a quick ratio of 0.46, a current ratio of 0.60 and a debt-to-equity ratio of 0.58.

Boyd Group Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 28th. Stockholders of record on Wednesday, September 30th were issued a dividend of C$0.16 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Wednesday, September 30th. Boyd Group Services’s payout ratio is currently 95.65%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on BGSI shares. Zacks Research upgraded Boyd Group Services from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 28th. Weiss Ratings raised shares of Boyd Group Services from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, October 29th. Finally, Mizuho initiated coverage on shares of Boyd Group Services in a research note on Friday, September 18th. They issued an “outperform” rating and a $120.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Boyd Group Services has an average rating of “Moderate Buy” and an average price target of $138.50.

About Boyd Group Services

Boyd Group Services Inc. operates collision repair and automotive glass businesses in the United States and Canada. Its services include vehicle collision repairs, paint and refinishing, auto glass repair and replacement, and related services. The company serves customers through brands including Gerber Collision & Glass in the United States and Boyd Autobody & Glass in Canada. Its repair centers work with vehicle owners, insurers and fleet operators. Boyd Group traces its roots to an auto body repair business established in Winnipeg, Manitoba, in 1990.