Boyd Group Services (BYD) to Release Earnings on Thursday

Boyd Group Services (TSE:BYD) will be releasing its earnings data before the market opens on Thursday, August 8th. Analysts expect Boyd Group Services to post earnings of C$0.88 per share for the quarter.

Boyd Group Services (TSE:BYD) last announced its quarterly earnings data on Wednesday, May 15th. The company reported C$0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.96 by C($0.37). Boyd Group Services had a net margin of 2.46% and a return on equity of 9.30%. The company had revenue of C$1.06 billion during the quarter, compared to analysts’ expectations of C$1.07 billion.

Boyd Group Services Stock Down 3.5 %

Shares of Boyd Group Services stock opened at C$218.98 on Wednesday. The company has a market capitalization of C$4.70 billion, a P/E ratio of 46.20, a P/E/G ratio of -56.72 and a beta of 1.08. The company has a 50 day moving average of C$247.38 and a 200 day moving average of C$270.89. The company has a quick ratio of 0.30, a current ratio of 0.59 and a debt-to-equity ratio of 142.10. Boyd Group Services has a 52-week low of C$218.94 and a 52-week high of C$324.75.

Boyd Group Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 29th. Stockholders of record on Sunday, June 30th were issued a $0.15 dividend. The ex-dividend date of this dividend was Friday, June 28th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.27%. Boyd Group Services’s payout ratio is currently 12.66%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. ATB Capital lowered their price target on Boyd Group Services from C$345.00 to C$340.00 and set an “outperform” rating for the company in a report on Thursday, May 16th. Raymond James dropped their target price on shares of Boyd Group Services from C$375.00 to C$350.00 and set a “strong-buy” rating on the stock in a research report on Thursday, May 16th. CIBC reduced their price target on shares of Boyd Group Services from C$304.00 to C$290.00 and set an “outperform” rating for the company in a research report on Thursday, May 16th. National Bank Financial raised Boyd Group Services from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 15th. Finally, Stifel Nicolaus reduced their target price on Boyd Group Services from C$305.00 to C$295.00 and set a “buy” rating for the company in a report on Thursday, August 1st. One analyst has rated the stock with a sell rating, one has assigned a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$298.46.

Insider Buying and Selling

In other Boyd Group Services news, Senior Officer Brian Kaner purchased 600 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The shares were purchased at an average cost of C$170.70 per share, for a total transaction of C$102,420.00. Following the completion of the purchase, the insider now directly owns 600 shares in the company, valued at C$102,420. 0.37% of the stock is currently owned by corporate insiders.

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.