Boyd Group Services (NYSE:BGSI) Releases Quarterly Earnings Results, Misses Estimates By $0.14 EPS

Boyd Group Services (NYSE:BGSI) released its earnings results on Wednesday. The company reported $0.80 EPS for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.14), Zacks reports. Boyd Group Services had a return on equity of 4.90% and a net margin of 0.39%.

Boyd Group Services Stock Performance

Shares of NYSE BGSI traded up $4.49 during midday trading on Wednesday, reaching $107.11. 29,856 shares of the stock were exchanged, compared to its average volume of 46,444. The company has a quick ratio of 0.46, a current ratio of 0.60 and a debt-to-equity ratio of 0.58. The firm has a market cap of $2.98 billion, a price-to-earnings ratio of 162.29 and a beta of 0.72. The firm has a 50-day simple moving average of $99.43 and a two-hundred day simple moving average of $125.69. Boyd Group Services has a twelve month low of $88.97 and a twelve month high of $183.10.

Boyd Group Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 29th. Shareholders of record on Tuesday, June 30th were given a $0.156 dividend. This represents a $0.62 annualized dividend and a yield of 0.6%. The ex-dividend date was Tuesday, June 30th. Boyd Group Services’s dividend payout ratio is currently 65.15%.

Analyst Ratings Changes

BGSI has been the subject of several research reports. Wall Street Zen cut shares of Boyd Group Services from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Weiss Ratings reissued a “sell (d)” rating on shares of Boyd Group Services in a report on Wednesday, June 24th. Stephens decreased their target price on shares of Boyd Group Services from $200.00 to $157.00 and set an “overweight” rating for the company in a research report on Tuesday, April 14th. Finally, Zacks Research raised shares of Boyd Group Services from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $157.00.

Institutional Trading of Boyd Group Services

Hedge funds have recently added to or reduced their stakes in the company. Public Sector Pension Investment Board purchased a new position in Boyd Group Services in the fourth quarter valued at $262,000. Susquehanna Portfolio Strategies LLC purchased a new stake in shares of Boyd Group Services during the 4th quarter worth about $287,000. Invesco Ltd. purchased a new stake in shares of Boyd Group Services during the 4th quarter worth about $318,000. Deutsche Bank AG acquired a new stake in shares of Boyd Group Services during the 4th quarter valued at about $373,000. Finally, CANADA LIFE ASSURANCE Co purchased a new position in shares of Boyd Group Services in the 4th quarter valued at about $861,000. 0.17% of the stock is 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.