Boyd Group Services (NYSE:BGSI) Posts Quarterly Earnings Results, Beats Estimates By $0.27 EPS

Key Points

• Q1 earnings beat: Boyd Group reported EPS of $0.90, topping the consensus $0.63 by $0.27, while posting a return on equity of 3.91% and a net margin of 0.52%.
• Dividend declared: The company announced a quarterly dividend of $0.156 ($0.62 annualized), ex-dividend March 31 and payable April 28, implying a ~0.4% yield and a 60.81% payout ratio.
• Shares opened at $139.10 (down 0.8%) with a market cap of $3.87B and a PE of 188.3; analysts are mixed but MarketBeat shows a consensus rating of "Moderate Buy" and a $200 price target.

Boyd Group Services (NYSE:BGSI - Get Free Report) posted its quarterly earnings data on Wednesday. The company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.27, Zacks reports. Boyd Group Services had a return on equity of 3.91% and a net margin of 0.52%.

Boyd Group Services Stock Down 0.8%

Shares of Boyd Group Services stock opened at $139.10 on Thursday. The business's fifty day moving average is $167.20. The firm has a market capitalization of $3.87 billion, a PE ratio of 188.30 and a beta of 0.68. The company has a current ratio of 0.59, a quick ratio of 0.44 and a debt-to-equity ratio of 0.61. Boyd Group Services has a 12 month low of $134.22 and a 12 month high of $183.10.

Boyd Group Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 28th. Stockholders of record on Tuesday, March 31st will be given a $0.156 dividend. This represents a $0.62 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Tuesday, March 31st. Boyd Group Services's dividend payout ratio (DPR) is currently 60.81%.

Analysts Set New Price Targets

A number of brokerages have recently commented on BGSI. Scotiabank upgraded Boyd Group Services to a "strong-buy" rating in a report on Wednesday, January 14th. Weiss Ratings started coverage on shares of Boyd Group Services in a research report on Thursday, January 15th. They set a "sell (d+)" rating on the stock. Wall Street Zen cut shares of Boyd Group Services from a "buy" rating to a "hold" rating in a research note on Saturday, March 14th. Finally, Stephens reissued an "overweight" rating and set a $200.00 price objective on shares of Boyd Group Services in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $200.00.

Hedge Funds Weigh In On Boyd Group Services

Institutional investors have recently modified their holdings of the stock. Public Sector Pension Investment Board bought a new position in Boyd Group Services during the 4th quarter worth about $262,000. Susquehanna Portfolio Strategies LLC acquired a new position in shares of Boyd Group Services during the fourth quarter worth about $287,000. Invesco Ltd. bought a new position in shares of Boyd Group Services during the fourth quarter worth about $318,000. Deutsche Bank AG acquired a new stake in Boyd Group Services in the 4th quarter valued at approximately $373,000. Finally, CANADA LIFE ASSURANCE Co bought a new stake in Boyd Group Services in the 4th quarter valued at approximately $861,000. 0.17% of the stock is currently owned by institutional investors and hedge funds.

Boyd Group Services Company Profile

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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