Boyd Group Services Inc. to Post Q1 2024 Earnings of $1.00 Per Share, Cormark Forecasts (TSE:BYD)

Boyd Group Services Inc. (TSE:BYD) – Stock analysts at Cormark issued their Q1 2024 EPS estimates for shares of Boyd Group Services in a research note issued to investors on Tuesday, April 30th. Cormark analyst J. Fenwick forecasts that the company will post earnings per share of $1.00 for the quarter. The consensus estimate for Boyd Group Services’ current full-year earnings is $6.56 per share. Cormark also issued estimates for Boyd Group Services’ Q2 2024 earnings at $1.84 EPS, Q3 2024 earnings at $1.73 EPS and Q4 2024 earnings at $1.91 EPS.

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

Several other research analysts have also recently issued reports on BYD. Scotiabank raised their target price on Boyd Group Services from C$315.00 to C$325.00 and gave the stock an “outperform” rating in a research report on Thursday, March 21st. CIBC dropped their price objective on shares of Boyd Group Services from C$306.00 to C$304.00 and set an “outperform” rating on the stock in a report on Friday, April 19th. Royal Bank of Canada reduced their target price on shares of Boyd Group Services from C$348.00 to C$337.00 and set an “outperform” rating for the company in a report on Thursday, March 21st. TD Securities upgraded shares of Boyd Group Services from a “hold” rating to a “buy” rating and set a C$310.00 price target on the stock in a research note on Wednesday. Finally, Desjardins reduced their price objective on Boyd Group Services from C$320.00 to C$310.00 and set a “hold” rating for the company in a research note on Thursday, March 21st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$319.31.

Boyd Group Services Stock Performance

Shares of BYD opened at C$264.90 on Thursday. The firm has a market capitalization of C$5.69 billion, a P/E ratio of 47.82, a PEG ratio of -56.72 and a beta of 1.06. 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 has a one year low of C$225.86 and a one year high of C$324.75. The business has a fifty day moving average of C$290.74 and a 200 day moving average of C$276.70.

Boyd Group Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 26th. Investors of record on Sunday, March 31st were issued a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.60 dividend on an annualized basis and a yield of 0.23%. Boyd Group Services’s dividend payout ratio is presently 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.