Boyd Group Services (NYSE:BGSI) Releases Earnings Results, Beats Expectations By $0.27 EPS

Boyd Group Services (NYSE:BGSI) released its quarterly earnings data on Wednesday. The company reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.27, Zacks reports. The business had revenue of $793.85 million during the quarter, compared to analysts’ expectations of $821.73 million. Boyd Group Services had a net margin of 0.59% and a return on equity of 5.89%.

Boyd Group Services Price Performance

Shares of BGSI opened at $138.44 on Friday. The company has a current ratio of 0.59, a quick ratio of 0.44 and a debt-to-equity ratio of 0.61. Boyd Group Services has a 1-year low of $134.22 and a 1-year high of $183.10. The stock has a market capitalization of $3.85 billion, a PE ratio of 168.84 and a beta of 0.68. The company has a fifty day moving average of $166.56.

Boyd Group Services Announces Dividend

The business 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 $0.156 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $0.62 dividend on an annualized basis and a yield of 0.5%. Boyd Group Services’s payout ratio is 60.81%.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Wall Street Zen lowered Boyd Group Services from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. Weiss Ratings started coverage on Boyd Group Services in a research report on Thursday, January 15th. They set a “sell (d+)” rating for the company. Stephens reiterated an “overweight” rating and issued a $200.00 price objective on shares of Boyd Group Services in a report on Thursday. Finally, Scotiabank raised Boyd Group Services to a “strong-buy” rating in a research report on Wednesday, January 14th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $200.00.

Institutional Trading of Boyd Group Services

Several institutional investors and hedge funds have recently made changes to their positions in the company. Legal & General Group Plc acquired a new stake in shares of Boyd Group Services in the 4th quarter valued at about $3,832,000. Geode Capital Management LLC purchased a new stake in Boyd Group Services in the fourth quarter valued at approximately $3,010,000. Goldman Sachs Group Inc. acquired a new stake in shares of Boyd Group Services in the fourth quarter valued at approximately $3,441,000. JPMorgan Chase & Co. acquired a new stake in shares of Boyd Group Services in the fourth quarter valued at approximately $4,395,000. Finally, Franklin Resources Inc. purchased a new position in shares of Boyd Group Services during the fourth quarter worth approximately $1,511,000. 0.17% of the stock is owned by hedge funds and other institutional investors.

Boyd Group Services Company Profile

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.