Boyd Group Services (NYSE:BGSI) Posts Earnings Results

Boyd Group Services (NYSE:BGSI) posted its quarterly earnings data on Wednesday. The company reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.27, Zacks reports. Boyd Group Services had a net margin of 0.52% and a return on equity of 3.91%. The company had revenue of $793.85 million for the quarter, compared to the consensus estimate of $821.73 million.

Boyd Group Services Stock Performance

NYSE:BGSI traded down $0.16 during trading hours on Thursday, reaching $140.11. The company’s stock had a trading volume of 26,765 shares, compared to its average volume of 26,715. The firm has a 50 day simple moving average of $167.20. The company has a quick ratio of 0.44, a current ratio of 0.59 and a debt-to-equity ratio of 0.61. The stock has a market cap of $3.90 billion, a P/E ratio of 187.85 and a beta of 0.68. Boyd Group Services has a 12 month low of $134.22 and a 12 month high of $183.10.

Boyd Group Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 28th. Investors of record on Tuesday, March 31st will be paid a $0.156 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $0.62 dividend on an annualized basis and a yield of 0.4%. Boyd Group Services’s payout ratio is 60.81%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Weiss Ratings assumed coverage on shares of Boyd Group Services in a research note on Thursday, January 15th. They set a “sell (d+)” rating on the stock. Wall Street Zen lowered Boyd Group Services from a “buy” rating to a “hold” rating in a research report on Saturday, March 14th. Scotiabank raised shares of Boyd Group Services to a “strong-buy” rating in a report on Wednesday, January 14th. Finally, Stephens reiterated an “overweight” rating and issued a $200.00 price target on shares of Boyd Group Services in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $200.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Public Sector Pension Investment Board acquired a new position in shares of Boyd Group Services during the fourth quarter valued at about $262,000. Susquehanna Portfolio Strategies LLC acquired a new stake in Boyd Group Services in the 4th quarter worth approximately $287,000. Invesco Ltd. purchased a new stake in Boyd Group Services during the 4th quarter worth approximately $318,000. Deutsche Bank AG purchased a new stake in Boyd Group Services during the 4th quarter worth approximately $373,000. Finally, CANADA LIFE ASSURANCE Co acquired a new position in Boyd Group Services during the 4th quarter valued at approximately $861,000. 0.17% of the stock is currently owned by hedge funds and other institutional investors.

Boyd Group Services Company Profile

Boyd Group Services Inc is a North American operator of collision repair centers that provides vehicle repair, paint and refinishing, and auto glass replacement services. Its locations perform mechanical and cosmetic collision repairs, parts sourcing, and related warranty work, serving retail customers as well as business clients such as insurers and fleet operators. The company’s operations typically include estimating, repair planning, paint and body work, and post-repair quality assurance and customer service.

Headquartered in Winnipeg, Manitoba, Canada, Boyd Group Services operates across both Canada and the United States through a network of company-owned collision repair facilities under various local and regional brand names.