Boyd Group Services (NYSE:BGSI) Releases Earnings Results, Beats Expectations By $0.02 EPS

Boyd Group Services (NYSE:BGSI) issued its quarterly earnings results on Wednesday. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.02, Zacks reports. Boyd Group Services had a return on equity of 5.54% and a net margin of 0.39%.

Boyd Group Services Stock Performance

BGSI traded down $0.95 during trading on Friday, hitting $103.01. 30,532 shares of the stock were exchanged, compared to its average volume of 42,575. The stock has a 50 day moving average price of $130.93. The firm has a market capitalization of $2.87 billion, a price-to-earnings ratio of 156.08 and a beta of 0.78. Boyd Group Services has a 1 year low of $94.77 and a 1 year high of $183.10. The company has a debt-to-equity ratio of 0.54, a quick ratio of 3.00 and a current ratio of 3.14.

Boyd Group Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 28th. Shareholders of record on Tuesday, March 31st were issued a dividend of $0.156 per share. This represents a $0.62 annualized dividend and a yield of 0.6%. The ex-dividend date was Tuesday, March 31st. Boyd Group Services’s dividend payout ratio (DPR) is presently 68.18%.

Analyst Upgrades and Downgrades

BGSI has been the subject of a number of research analyst reports. Weiss Ratings initiated coverage on Boyd Group Services in a research note on Thursday, January 15th. They set a “sell (d+)” rating for the company. Stephens decreased their price target on Boyd Group Services from $200.00 to $157.00 and set an “overweight” rating for the company in a research note on Tuesday, April 14th. Finally, Wall Street Zen lowered Boyd Group Services from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $157.00.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of BGSI. Public Sector Pension Investment Board purchased a new position in Boyd Group Services during the 4th quarter worth $262,000. Susquehanna Portfolio Strategies LLC purchased a new position in Boyd Group Services during the 4th quarter worth $287,000. Invesco Ltd. purchased a new position in Boyd Group Services during the 4th quarter worth $318,000. Deutsche Bank AG purchased a new position in Boyd Group Services during the 4th quarter worth $373,000. Finally, CANADA LIFE ASSURANCE Co purchased a new position in Boyd Group Services during the 4th quarter worth $861,000. 0.17% of the stock is currently owned by hedge funds and other institutional investors.

About Boyd Group Services

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.