Q3 Earnings Forecast for TSE:BYD Issued By Desjardins

Boyd Group Services Inc. (TSE:BYD) – Desjardins issued their Q3 2024 earnings per share estimates for shares of Boyd Group Services in a research note issued to investors on Thursday, October 24th. Desjardins analyst G. Ho expects that the company will post earnings of $0.68 per share for the quarter. The consensus estimate for Boyd Group Services’ current full-year earnings is $7.15 per share. Desjardins also issued estimates for Boyd Group Services’ FY2024 earnings at $2.88 EPS.

Boyd Group Services (TSE:BYD) last issued its 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 firm had revenue of C$1.07 billion for the quarter, compared to analyst estimates of C$1.08 billion. Boyd Group Services had a return on equity of 7.21% and a net margin of 1.93%.

A number of other research firms have also recently commented on BYD. Raymond James reduced their price target on Boyd Group Services from C$350.00 to C$325.00 and set a “strong-buy” rating for the company in a report on Wednesday, August 7th. BMO Capital Markets reduced their price target on Boyd Group Services from C$280.00 to C$260.00 and set an “outperform” rating for the company in a research note on Monday, July 29th. Jefferies Financial Group decreased 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. Royal Bank of Canada decreased their price target on Boyd Group Services from C$306.00 to C$280.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. Finally, TD Securities lowered their price objective on shares of Boyd Group Services from C$312.00 to C$300.00 in a research report on Friday, August 9th. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Boyd Group Services currently has an average rating of “Buy” and an average target price of C$288.17.

Boyd Group Services Stock Up 0.9 %

Boyd Group Services stock opened at C$215.45 on Monday. The company has a debt-to-equity ratio of 146.14, a current ratio of 0.61 and a quick ratio of 0.30. The company’s 50-day moving average is C$215.05 and its 200-day moving average is C$235.85. The firm has a market capitalization of C$4.63 billion, a PE ratio of 57.45, a P/E/G ratio of -56.72 and a beta of 0.99. Boyd Group Services has a fifty-two week low of C$198.61 and a fifty-two week high of C$324.75.

Insider Activity at Boyd Group Services

In other Boyd Group Services news, Senior Officer Jeff Murray bought 456 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The stock was 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 currently owned by company insiders.

Boyd Group Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 29th. Shareholders of record on Monday, September 30th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.28%. The ex-dividend date of this dividend was Friday, September 27th. Boyd Group Services’s payout ratio is presently 16.00%.

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.