Boyd Group Services (NYSE:BGSI) Announces Quarterly Earnings Results

Boyd Group Services (NYSE:BGSI) issued its quarterly earnings data on Wednesday. The company reported $0.90 EPS for the quarter, beating the consensus estimate of $0.63 by $0.27, Zacks reports. The company had revenue of $793.85 million for the quarter, compared to analyst estimates of $821.73 million. Boyd Group Services had a return on equity of 3.91% and a net margin of 0.52%.

Boyd Group Services Price Performance

BGSI traded down $0.53 on Thursday, reaching $139.74. 22,143 shares of the company’s stock were exchanged, compared to its average volume of 26,715. Boyd Group Services has a twelve month low of $134.22 and a twelve month high of $183.10. The firm has a market capitalization of $3.89 billion, a PE ratio of 186.89 and a beta of 0.68. The company has a current ratio of 0.59, a quick ratio of 0.44 and a debt-to-equity ratio of 0.61. The business has a fifty day moving average price of $167.20.

Boyd Group Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 28th. Investors of record on Tuesday, March 31st will be given a dividend of $0.156 per share. The ex-dividend date is Tuesday, March 31st. This represents a $0.62 dividend on an annualized basis and a yield of 0.4%. Boyd Group Services’s payout ratio is presently 60.81%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Weiss Ratings assumed coverage on Boyd Group Services in a research report on Thursday, January 15th. They set a “sell (d+)” rating on the stock. Wall Street Zen cut shares of Boyd Group Services from a “buy” rating to a “hold” rating in a research report on Saturday, March 14th. Scotiabank raised shares of Boyd Group Services to a “strong-buy” rating in a report on Wednesday, January 14th. Finally, Stephens reissued an “overweight” rating and set a $200.00 target price on shares of Boyd Group Services in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Boyd Group Services has a consensus rating of “Moderate Buy” and an average price target of $200.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Public Sector Pension Investment Board purchased a new stake in shares of Boyd Group Services in the fourth quarter valued at approximately $262,000. Susquehanna Portfolio Strategies LLC purchased a new position in Boyd Group Services during the fourth quarter worth approximately $287,000. Invesco Ltd. acquired a new position in Boyd Group Services during the fourth quarter worth $318,000. Deutsche Bank AG acquired a new position in Boyd Group Services during the fourth quarter worth $373,000. Finally, CANADA LIFE ASSURANCE Co purchased a new stake in Boyd Group Services in the 4th quarter valued at $861,000. 0.17% of the stock is currently owned by institutional investors and hedge funds.

About Boyd Group Services

Boyd Group Services Inc is a North American operator of collision repair centers that provides vehicle repair, paint and refinishing, and auto glass replacement services. Its locations perform mechanical and cosmetic collision repairs, parts sourcing, and related warranty work, serving retail customers as well as business clients such as insurers and fleet operators. The company’s operations typically include estimating, repair planning, paint and body work, and post-repair quality assurance and customer service.

Headquartered in Winnipeg, Manitoba, Canada, Boyd Group Services operates across both Canada and the United States through a network of company-owned collision repair facilities under various local and regional brand names.