Boyd Group Services Inc. (TSE:BYD) Announces Quarterly Dividend of $0.15

Boyd Group Services Inc. (TSE:BYD) declared a quarterly dividend on Tuesday, September 17th, Zacks reports. Shareholders of record on Monday, September 30th will be given a dividend of 0.15 per share on Tuesday, October 29th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.28%. The ex-dividend date is Friday, September 27th.

Boyd Group Services Price Performance

Shares of BYD stock traded up C$0.69 during mid-day trading on Wednesday, hitting C$212.88. The company had a trading volume of 382 shares, compared to its average volume of 53,844. Boyd Group Services has a 52-week low of C$207.60 and a 52-week high of C$324.75. The stock’s 50 day moving average price is C$231.22 and its 200-day moving average price is C$254.35. 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 has a market capitalization of C$4.57 billion, a P/E ratio of 57.35, a P/E/G ratio of -56.72 and a beta of 1.01.

Boyd Group Services (TSE:BYD) last announced its earnings results on Thursday, August 8th. The company reported C$0.77 earnings per share for the quarter, missing the consensus estimate of C$0.82 by C($0.05). The firm had revenue of C$1.07 billion during the quarter, compared to analysts’ expectations of C$1.08 billion. Boyd Group Services had a net margin of 1.93% and a return on equity of 7.21%. Equities research analysts forecast that Boyd Group Services will post 7.1182171 earnings per share for the current year.

Insiders Place Their Bets

In other Boyd Group Services news, Senior Officer Jeff Murray purchased 456 shares of the company’s stock in a transaction on Monday, August 12th. The shares were bought at an average cost of C$223.12 per share, with a total value of C$101,742.72. Corporate insiders own 0.37% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Cormark reduced their price target on shares of Boyd Group Services from C$300.00 to C$255.00 and set a “hold” rating for the company in a research report on Friday, August 9th. BMO Capital Markets dropped their price target on shares of Boyd Group Services from C$280.00 to C$260.00 and set an “outperform” rating on the stock in a research note on Monday, July 29th. Raymond James reduced their target price on shares of Boyd Group Services from C$350.00 to C$325.00 and set a “strong-buy” rating for the company in a research report on Wednesday, August 7th. Royal Bank of Canada reduced their target price on shares of Boyd Group Services from C$308.00 to C$306.00 in a research report on Friday, August 9th. Finally, National Bankshares cut their price objective on shares of Boyd Group Services from C$310.00 to C$270.00 in a research report on Friday, August 9th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of C$285.69.

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.