Q1 2024 EPS Estimates for Boyd Group Services Inc. Reduced by Atb Cap Markets (TSE:BYD)

Boyd Group Services Inc. (TSE:BYD) – Equities researchers at Atb Cap Markets lowered their Q1 2024 earnings per share (EPS) estimates for Boyd Group Services in a research report issued on Monday, April 22nd. Atb Cap Markets analyst C. Murray now expects that the company will post earnings per share of $0.72 for the quarter, down from their prior forecast of $1.06. The consensus estimate for Boyd Group Services’ current full-year earnings is $6.56 per share. Atb Cap Markets also issued estimates for Boyd Group Services’ Q2 2024 earnings at $1.34 EPS, Q4 2024 earnings at $1.75 EPS, FY2024 earnings at $5.44 EPS and Q4 2025 earnings at $2.28 EPS.

Boyd Group Services (TSE:BYD) last released its earnings results on Wednesday, March 20th. The company reported C$1.27 earnings per share for the quarter, missing the consensus estimate of C$1.50 by C($0.23). Boyd Group Services had a net margin of 2.94% and a return on equity of 11.00%. The firm had revenue of C$1.01 billion during the quarter, compared to the consensus estimate of C$1.01 billion.

Other research analysts have also issued reports about the stock. Desjardins lowered their price objective on shares of Boyd Group Services from C$320.00 to C$310.00 and set a “hold” rating on the stock in a research note on Thursday, March 21st. ATB Capital boosted their price objective on shares of Boyd Group Services from C$300.00 to C$350.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 12th. TD Securities lowered shares of Boyd Group Services from a “buy” rating to a “hold” rating and lowered their price objective for the stock from C$320.00 to C$310.00 in a research note on Thursday, March 21st. Scotiabank boosted their price objective on shares of Boyd Group Services from C$315.00 to C$325.00 and gave the stock an “outperform” rating in a research note on Thursday, March 21st. Finally, Royal Bank of Canada lowered their price objective on shares of Boyd Group Services from C$348.00 to C$337.00 and set an “outperform” rating on the stock in a research note on Thursday, March 21st. One analyst has rated the stock with a sell rating, three have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of C$319.69.

Boyd Group Services Stock Down 1.8 %

Boyd Group Services stock opened at C$262.15 on Thursday. The firm has a market capitalization of C$5.63 billion, a PE ratio of 47.32, a P/E/G ratio of -56.72 and a beta of 1.06. The company’s 50-day moving average is C$295.93 and its 200-day moving average is C$276.10. Boyd Group Services has a fifty-two week low of C$213.72 and a fifty-two week high of C$324.75. The company has a debt-to-equity ratio of 137.26, a current ratio of 0.63 and a quick ratio of 0.30.

Boyd Group Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 26th. Investors of record on Sunday, March 31st will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.23%. The ex-dividend date of this dividend is Wednesday, March 27th. Boyd Group Services’s dividend payout ratio (DPR) is currently 10.83%.

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.