Boyd Group Services (TSE:BYD) Announces Quarterly Earnings Results

Boyd Group Services (TSE:BYD) posted its quarterly earnings data on Tuesday. The company reported C$0.20 EPS for the quarter, missing the consensus estimate of C$0.66 by C($0.46), reports. Boyd Group Services had a return on equity of 7.21% and a net margin of 1.93%. The company had revenue of C$1.03 billion during the quarter, compared to the consensus estimate of C$1.03 billion.

Boyd Group Services Stock Down 0.9 %

Shares of BYD traded down C$1.89 during trading hours on Friday, hitting C$218.24. The company had a trading volume of 4,052 shares, compared to its average volume of 57,018. Boyd Group Services has a one year low of C$198.61 and a one year high of C$324.75. The company has a market capitalization of C$4.69 billion, a PE ratio of 58.70, a price-to-earnings-growth ratio of -56.72 and a beta of 0.99. The company has a current ratio of 0.61, a quick ratio of 0.30 and a debt-to-equity ratio of 146.14. The company’s fifty day moving average price is C$213.76 and its two-hundred day moving average price is C$233.62.

Boyd Group Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 29th. Stockholders of record on Monday, September 30th were paid a dividend of $0.15 per share. The ex-dividend date was Friday, September 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.27%. Boyd Group Services’s dividend payout ratio is presently 16.00%.

Insider Transactions at Boyd Group Services

In related news, Senior Officer Jeff Murray acquired 456 shares of the business’s stock in a transaction dated Monday, August 12th. The shares were purchased at an average price of C$223.12 per share, for a total transaction of C$101,742.72. Insiders own 0.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Cormark lowered their price objective on Boyd Group Services from C$300.00 to C$255.00 and set a “hold” rating on the stock in a research report on Friday, August 9th. TD Securities dropped their price objective on shares of Boyd Group Services from C$300.00 to C$270.00 in a report on Wednesday. Raymond James dropped their price target on Boyd Group Services from C$295.00 to C$285.00 in a research note on Thursday. ATB Capital decreased their price objective on Boyd Group Services from C$340.00 to C$320.00 in a report on Wednesday. Finally, Royal Bank of Canada cut their target price on shares of Boyd Group Services from C$306.00 to C$280.00 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Boyd Group Services has an average rating of “Buy” and a consensus target price of C$277.75.

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.