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

Key Points

• Boyd Group Services reported quarterly EPS of $0.80, missing analysts’ consensus estimate of $0.94 by $0.14. The company posted a 0.39% net margin and 4.90% return on equity.
• Shares rose 3.5% to $106.18 following the results, despite trading well below their one-year high of $183.10. The stock has a market capitalization of approximately $2.96 billion and a P/E ratio of 160.88.
• The company paid a quarterly dividend of $0.156 per share, equivalent to a 0.6% yield and a 65.15% payout ratio. Analyst sentiment remains mixed, but the consensus rating is “Moderate Buy” with an average price target of $157.

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

Boyd Group Services Trading Up 3.5%

Shares of BGSI stock traded up $3.56 during trading hours on Wednesday, reaching $106.18. The company had a trading volume of 20,451 shares, compared to its average volume of 46,378. The company has a 50 day moving average of $99.43 and a 200 day moving average of $125.69. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.60 and a quick ratio of 0.46. The firm has a market cap of $2.96 billion, a price-to-earnings ratio of 160.88 and a beta of 0.72. Boyd Group Services has a 1-year low of $88.97 and a 1-year high of $183.10.

Boyd Group Services Announces Dividend

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

Hedge Funds Weigh In On Boyd Group Services

Several hedge funds have recently added to or reduced their stakes in BGSI. Public Sector Pension Investment Board acquired a new position in shares of Boyd Group Services during the 4th quarter worth about $262,000. Susquehanna Portfolio Strategies LLC acquired a new stake in shares of Boyd Group Services in the 4th quarter valued at approximately $287,000. Invesco Ltd. bought a new position in Boyd Group Services during the 4th quarter worth approximately $318,000. Deutsche Bank AG bought a new position 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 fourth quarter valued at approximately $861,000. Institutional investors and hedge funds own 0.17% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on BGSI. Zacks Research upgraded shares of Boyd Group Services from a "strong sell" rating to a "hold" rating in a research report on Tuesday, July 28th. Weiss Ratings reissued a "sell (d)" rating on shares of Boyd Group Services in a research note on Wednesday, June 24th. Stephens lowered their price target on shares of Boyd Group Services from $200.00 to $157.00 and set an "overweight" rating for the company in a report on Tuesday, April 14th. Finally, Wall Street Zen cut shares of Boyd Group Services from a "buy" rating to a "hold" rating in a research report on Saturday, May 2nd. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $157.00.

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.

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