Atb Cap Markets Comments on Boyd Group Services Inc.’s Q3 2023 Earnings (TSE:BYD)

Boyd Group Services Inc. (TSE:BYDFree Report) – Atb Cap Markets decreased their Q3 2023 earnings per share (EPS) estimates for Boyd Group Services in a research note issued to investors on Thursday, August 10th. Atb Cap Markets analyst C. Murray now anticipates that the company will post earnings per share of $1.50 for the quarter, down from their prior forecast of $1.53. The consensus estimate for Boyd Group Services’ current full-year earnings is $5.69 per share. Atb Cap Markets also issued estimates for Boyd Group Services’ Q2 2024 earnings at $2.45 EPS and Q3 2024 earnings at $2.17 EPS.

A number of other brokerages have also weighed in on BYD. CIBC lifted their target price on shares of Boyd Group Services from C$247.00 to C$280.00 in a research note on Friday. Cormark raised their price target on Boyd Group Services from C$280.00 to C$300.00 in a research note on Friday. BMO Capital Markets boosted their price target on Boyd Group Services from C$270.00 to C$280.00 in a report on Friday. Raymond James upped their target price on shares of Boyd Group Services from C$285.00 to C$295.00 in a report on Friday. Finally, National Bankshares downgraded shares of Boyd Group Services from an “outperform” rating to a “sector perform” rating in a research note on Friday. Four equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Boyd Group Services has a consensus rating of “Moderate Buy” and a consensus price target of C$267.45.

Check Out Our Latest Stock Analysis on Boyd Group Services

Boyd Group Services Stock Down 2.3 %

Shares of TSE:BYD opened at C$243.50 on Monday. Boyd Group Services has a one year low of C$164.90 and a one year high of C$254.76. The company has a debt-to-equity ratio of 133.24, a current ratio of 0.64 and a quick ratio of 0.30. The firm has a fifty day moving average price of C$244.66 and a two-hundred day moving average price of C$228.98. The company has a market cap of C$5.23 billion, a price-to-earnings ratio of 65.63, a PEG ratio of -56.72 and a beta of 1.02.

Boyd Group Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 27th. Stockholders of record on Friday, June 30th were given a $0.147 dividend. The ex-dividend date was Thursday, June 29th. This represents a $0.59 annualized dividend and a dividend yield of 0.24%. Boyd Group Services’s dividend payout ratio is presently 15.63%.

Boyd Group Services Company Profile

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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.

Further Reading

Earnings History and Estimates for Boyd Group Services (TSE:BYD)

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