Stifel Canada Issues Positive Forecast for TSE:BYD Earnings

Boyd Group Services Inc. (TSE:BYD) – Equities researchers at Stifel Canada raised their FY2024 EPS estimates for shares of Boyd Group Services in a research note issued on Monday, January 13th. Stifel Canada analyst D. Young now forecasts that the company will post earnings per share of $2.29 for the year, up from their prior estimate of $2.28. The consensus estimate for Boyd Group Services’ current full-year earnings is $7.15 per share.

A number of other research analysts have also commented on the stock. Stifel Nicolaus cut their price objective on shares of Boyd Group Services from C$280.00 to C$275.00 in a research report on Monday, October 28th. TD Securities cut their price target on Boyd Group Services from C$300.00 to C$270.00 in a report on Wednesday, November 6th. Raymond James decreased their price objective on Boyd Group Services from C$295.00 to C$285.00 in a report on Thursday, November 7th. Royal Bank of Canada cut their target price on Boyd Group Services from C$306.00 to C$280.00 and set an “outperform” rating for the company in a research note on Wednesday, October 23rd. Finally, BMO Capital Markets reduced their target price on Boyd Group Services from C$260.00 to C$250.00 in a research report on Wednesday, November 6th. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of C$278.08.

Boyd Group Services Stock Performance

BYD opened at C$220.44 on Thursday. Boyd Group Services has a 12-month low of C$198.61 and a 12-month high of C$324.75. The firm has a market capitalization of C$4.73 billion, a P/E ratio of 58.78, a price-to-earnings-growth ratio of -56.72 and a beta of 0.99. The stock’s 50 day moving average price is C$215.54 and its two-hundred day moving average price is C$221.63. The company has a quick ratio of 0.30, a current ratio of 0.61 and a debt-to-equity ratio of 146.14.

Boyd Group Services (TSE:BYD) last posted its quarterly earnings data on Tuesday, November 5th. The company reported C$0.20 EPS 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 business had revenue of C$1.03 billion during the quarter, compared to the consensus estimate of C$1.03 billion.

Insiders Place Their Bets

In other news, Director Robert Berthold Espey acquired 200 shares of the company’s stock in a transaction on Tuesday, November 26th. The stock was purchased at an average cost of C$220.00 per share, with a total value of C$44,000.00. Company insiders own 0.37% of the company’s stock.

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.