Q3 2024 EPS Estimates for Boyd Group Services Inc. (TSE:BYD) Cut by Atb Cap Markets

Boyd Group Services Inc. (TSE:BYD) – Analysts at Atb Cap Markets dropped their Q3 2024 EPS estimates for shares of Boyd Group Services in a report released on Wednesday, October 2nd. Atb Cap Markets analyst C. Murray now expects that the company will post earnings per share of $0.63 for the quarter, down from their prior estimate of $0.99. The consensus estimate for Boyd Group Services’ current full-year earnings is $7.13 per share. Atb Cap Markets also issued estimates for Boyd Group Services’ FY2024 earnings at $3.01 EPS, Q1 2025 earnings at $1.90 EPS and Q2 2025 earnings at $1.94 EPS.

BYD has been the topic of several other reports. CIBC dropped their price target on shares of Boyd Group Services from C$290.00 to C$268.00 in a research note on Friday, August 9th. Royal Bank of Canada cut their price target on shares of Boyd Group Services from C$308.00 to C$306.00 in a research note on Friday, August 9th. TD Securities decreased their price objective on shares of Boyd Group Services from C$312.00 to C$300.00 in a research note on Friday, August 9th. Stifel Nicolaus cut their target price on Boyd Group Services from C$295.00 to C$280.00 and set a “buy” rating on the stock in a research report on Tuesday, August 13th. Finally, BMO Capital Markets decreased their target price on Boyd Group Services from C$280.00 to C$260.00 and set an “outperform” rating for the company in a research report on Monday, July 29th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$285.69.

Boyd Group Services Price Performance

Shares of TSE BYD opened at C$211.45 on Monday. The stock’s 50-day simple moving average is C$217.70 and its 200-day simple moving average is C$243.06. The firm has a market capitalization of C$4.54 billion, a PE ratio of 57.30, a price-to-earnings-growth ratio of -56.72 and a beta of 1.01. Boyd Group Services has a fifty-two week low of C$198.61 and a fifty-two week high of C$324.75. The company has a debt-to-equity ratio of 146.14, a quick ratio of 0.30 and a current ratio of 0.61.

Boyd Group Services (TSE:BYD) last posted its quarterly earnings results on Thursday, August 8th. The company reported C$0.77 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.82 by C($0.05). The business had revenue of C$1.07 billion during the quarter, compared to analyst estimates of C$1.08 billion. Boyd Group Services had a net margin of 1.93% and a return on equity of 7.21%.

Boyd Group Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 29th. Stockholders of record on Monday, September 30th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.28%. The ex-dividend date of this dividend is Friday, September 27th. Boyd Group Services’s payout ratio is 16.26%.

Insider Buying and Selling

In other Boyd Group Services news, Senior Officer Jeff Murray bought 456 shares of the business’s stock in a transaction dated Monday, August 12th. The stock was acquired at an average cost of C$223.12 per share, with a total value of C$101,742.72. 0.37% of the stock is currently owned by corporate 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.