Boyd Group Services (TSE:BYD) Posts Quarterly Earnings Results

Boyd Group Services (TSE:BYD) released its quarterly earnings results on Wednesday. The company reported C$0.50 EPS for the quarter, FiscalAI reports. Boyd Group Services had a net margin of 1.35% and a return on equity of 4.93%. The business had revenue of C$1.10 billion during the quarter.

Boyd Group Services Trading Down 0.2%

Shares of Boyd Group Services stock traded down C$0.50 during trading hours on Thursday, hitting C$224.50. The company’s stock had a trading volume of 151,674 shares, compared to its average volume of 55,489. Boyd Group Services has a 1-year low of C$186.10 and a 1-year high of C$258.17. The company has a market capitalization of C$6.25 billion, a PE ratio of 590.79, a P/E/G ratio of -56.72 and a beta of 0.32. The company has a quick ratio of 0.30, a current ratio of 0.70 and a debt-to-equity ratio of 150.94. The business has a fifty day moving average of C$224.84 and a 200 day moving average of C$213.85.

Boyd Group Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 29th. Shareholders of record on Tuesday, September 30th were paid a $0.153 dividend. This represents a $0.61 dividend on an annualized basis and a yield of 0.3%. Boyd Group Services’s payout ratio is 114.83%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. National Bankshares boosted their price objective on Boyd Group Services from C$245.00 to C$250.00 and gave the company an “outperform” rating in a research report on Thursday, August 14th. Stifel Nicolaus raised their price target on shares of Boyd Group Services from C$265.00 to C$275.00 in a research note on Tuesday, November 4th. CIBC increased their price target on Boyd Group Services from C$270.00 to C$280.00 in a research report on Wednesday, November 5th. ATB Capital lifted their price objective on shares of Boyd Group Services from C$275.00 to C$280.00 in a research report on Thursday. Finally, Royal Bank Of Canada lifted their price target on Boyd Group Services from C$272.00 to C$291.00 in a research report on Wednesday, November 5th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of C$265.60.

About Boyd Group Services

Boyd Group Services Inc is a personal services company that provides auto body and auto glass repair services at its portfolio of facilities located across the United States and Canada. The company operates in Canada primarily under the Boyd Autobody and Glass brand name, while its most notable U.S. brand is Gerber Collision and Glass.