Boyd Group Services (TSE:BYD) Issues Quarterly Earnings Results, Misses Expectations By $0.46 EPS

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

Boyd Group Services Stock Performance

BYD traded down C$1.89 during trading on Friday, hitting C$218.24. 4,052 shares of the company traded hands, compared to its average volume of 57,018. The company has a quick ratio of 0.30, a current ratio of 0.61 and a debt-to-equity ratio of 146.14. The firm has a market cap of C$4.69 billion, a P/E ratio of 58.70, a price-to-earnings-growth ratio of -56.72 and a beta of 0.99. Boyd Group Services has a one year low of C$198.61 and a one year high of C$324.75. The stock’s fifty day moving average is C$213.76 and its 200 day moving average is C$233.62.

Boyd Group Services Dividend Announcement

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

Insider Buying and Selling

In other Boyd Group Services news, Senior Officer Jeff Murray bought 456 shares of Boyd Group Services stock in a transaction that occurred on Monday, August 12th. The shares were bought at an average price of C$223.12 per share, with a total value of C$101,742.72. 0.37% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently weighed in on BYD shares. Raymond James dropped their price objective on shares of Boyd Group Services from C$295.00 to C$285.00 in a research note on Thursday. Jefferies Financial Group decreased their target price on Boyd Group Services from C$325.00 to C$300.00 in a report on Friday, August 9th. BMO Capital Markets dropped their price target on Boyd Group Services from C$260.00 to C$250.00 in a research report on Wednesday. Stifel Nicolaus cut their price objective on Boyd Group Services from C$280.00 to C$275.00 in a report on Monday, October 28th. Finally, Royal Bank of Canada lowered their price objective on Boyd Group Services from C$306.00 to C$280.00 and set an “outperform” rating on the stock in a report on Wednesday, October 23rd. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target 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.