Cormark Equities Analysts Cut Earnings Estimates for TSE:BYD

Boyd Group Services Inc. (TSE:BYD) – Research analysts at Cormark reduced their FY2024 EPS estimates for Boyd Group Services in a research note issued to investors on Wednesday, November 6th. Cormark analyst J. Fenwick now expects that the company will post earnings of $1.56 per share for the year, down from their prior estimate of $1.96. Cormark currently has a “Hold” rating and a $255.00 target price on the stock. The consensus estimate for Boyd Group Services’ current full-year earnings is $7.15 per share. Cormark also issued estimates for Boyd Group Services’ Q4 2024 earnings at ($0.01) EPS and FY2025 earnings at $5.71 EPS.

A number of other brokerages have also issued reports on BYD. ATB Capital dropped their target price on shares of Boyd Group Services from C$340.00 to C$320.00 in a research report on Wednesday. Jefferies Financial Group dropped their target price on shares of Boyd Group Services from C$325.00 to C$300.00 in a research report on Friday, August 9th. CIBC dropped their target price on shares of Boyd Group Services from C$290.00 to C$268.00 in a research report on Friday, August 9th. National Bankshares dropped their target price on shares of Boyd Group Services from C$270.00 to C$245.00 in a research report on Wednesday. Finally, BMO Capital Markets dropped their target price on shares of Boyd Group Services from C$260.00 to C$250.00 in a research report on Wednesday. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of C$277.75.

Boyd Group Services Price Performance

Shares of Boyd Group Services stock opened at C$220.13 on Friday. Boyd Group Services has a 1-year low of C$198.61 and a 1-year high of C$324.75. The firm has a fifty day simple moving average of C$213.76 and a 200-day simple moving average of C$233.62. The stock has a market capitalization of C$4.73 billion, a price-to-earnings ratio of 58.70, a PEG ratio of -56.72 and a beta of 0.99. The company has a current ratio of 0.61, a quick ratio of 0.30 and a debt-to-equity ratio of 146.14.

Boyd Group Services (TSE:BYD) last issued its quarterly earnings data on Tuesday, November 5th. The company reported C$0.20 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.66 by C($0.46). Boyd Group Services had a return on equity of 7.21% and a net margin of 1.93%. The firm had revenue of C$1.03 billion during the quarter, compared to analyst estimates of C$1.03 billion.

Boyd Group Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 29th. Shareholders of record on Monday, September 30th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.27%. The ex-dividend date was Friday, September 27th. Boyd Group Services’s dividend payout ratio (DPR) is presently 16.00%.

Insider Transactions at Boyd Group Services

In other news, Senior Officer Jeff Murray bought 456 shares of the stock in a transaction dated Monday, August 12th. The shares were acquired at an average price of C$223.12 per share, with a total value of C$101,742.72. 0.37% of the stock is owned by insiders.

About Boyd Group Services

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.