Boyd Group Services (NYSE:BGSI) Posts Quarterly Earnings Results, Misses Expectations By $0.24 EPS

Boyd Group Services (NYSE:BGSI) issued its earnings results on Wednesday. The company reported $0.68 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.24), Zacks reports. Boyd Group Services had a net margin of 0.25% and a return on equity of 5.21%.

Boyd Group Services Stock Down 13.5%

BGSI traded down $11.94 during midday trading on Wednesday, reaching $76.56. 116,660 shares of the company were exchanged, compared to its average volume of 48,377. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.46 and a current ratio of 0.60. The company’s fifty day moving average price is $82.80 and its 200 day moving average price is $112.51. The company has a market cap of $2.12 billion, a price-to-earnings ratio of 167.25 and a beta of 0.68. Boyd Group Services has a one year low of $75.42 and a one year high of $183.10.

Boyd Group Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 28th. Shareholders of record on Wednesday, September 30th were issued a dividend of C$0.16 per share. This represents a $0.62 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Wednesday, September 30th. Boyd Group Services’s payout ratio is currently 95.65%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on BGSI. Zacks Research raised Boyd Group Services from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 28th. Weiss Ratings raised Boyd Group Services from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, October 29th. Finally, Mizuho initiated coverage on shares of Boyd Group Services in a research report on Friday, September 18th. They issued an “outperform” rating and a $120.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Boyd Group Services presently has an average rating of “Moderate Buy” and a consensus target price of $138.50.

About Boyd Group Services

Boyd Group Services Inc. operates collision repair and automotive glass businesses in the United States and Canada. Its services include vehicle collision repairs, paint and refinishing, auto glass repair and replacement, and related services. The company serves customers through brands including Gerber Collision & Glass in the United States and Boyd Autobody & Glass in Canada. Its repair centers work with vehicle owners, insurers and fleet operators. Boyd Group traces its roots to an auto body repair business established in Winnipeg, Manitoba, in 1990.