Desjardins Issues Pessimistic Forecast for TSE:BYD Earnings

Key Points

• Desjardins has downgraded its FY2025 earnings per share estimate for Boyd Group Services from $3.22 to $2.64, while maintaining a "Buy" rating and a $270.00 price target for the stock.
• Boyd Group Services recently increased its quarterly dividend from $0.15 to $0.153, resulting in an annualized yield of 0.3%.
• Market consensus rates Boyd Group Services as a "Buy" with a consensus price target of C$259.18, supported by multiple analyst upgrades.

Boyd Group Services Inc. (TSE:BYD - Free Report) - Investment analysts at Desjardins reduced their FY2025 EPS estimates for shares of Boyd Group Services in a research report issued to clients and investors on Wednesday, August 13th. Desjardins analyst G. Ho now anticipates that the company will post earnings of $2.64 per share for the year, down from their prior forecast of $3.22. Desjardins currently has a "Buy" rating and a $270.00 target price on the stock. The consensus estimate for Boyd Group Services' current full-year earnings is $7.15 per share. Desjardins also issued estimates for Boyd Group Services' FY2026 earnings at $5.42 EPS.

A number of other research firms have also recently commented on BYD. The Goldman Sachs Group upgraded shares of Boyd Group Services from a "strong sell" rating to a "hold" rating in a research note on Tuesday, June 3rd. National Bankshares lifted their target price on shares of Boyd Group Services from C$245.00 to C$250.00 and gave the stock an "outperform" rating in a research note on Thursday, August 14th. ATB Capital lowered their target price on shares of Boyd Group Services from C$290.00 to C$270.00 and set an "outperform" rating for the company in a research note on Thursday, August 14th. Stifel Nicolaus lifted their target price on shares of Boyd Group Services from C$255.00 to C$260.00 and gave the stock a "buy" rating in a research note on Thursday, August 14th. Finally, Stephens upgraded Boyd Group Services to a "strong-buy" rating and set a C$240.00 target price for the company in a research note on Wednesday, June 11th. Three analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Boyd Group Services has an average rating of "Buy" and an average price target of C$259.18.

Boyd Group Services Stock Up 1.2%

Shares of Boyd Group Services stock traded up C$2.65 on Monday, reaching C$224.13. The stock had a trading volume of 79,815 shares, compared to its average volume of 49,678. The company has a 50 day moving average price of C$207.20 and a 200 day moving average price of C$212.70. The company has a quick ratio of 0.30, a current ratio of 0.70 and a debt-to-equity ratio of 150.94. Boyd Group Services has a 1 year low of C$186.10 and a 1 year high of C$258.17. The stock has a market capitalization of C$3.40 billion, a P/E ratio of 82.55, a P/E/G ratio of -56.72 and a beta of 0.99.

Boyd Group Services Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 29th. Investors of record on Monday, June 30th were issued a $0.153 dividend. This represents a $0.61 annualized dividend and a yield of 0.3%. This is an increase from Boyd Group Services's previous quarterly dividend of $0.15. Boyd Group Services's dividend payout ratio is 22.10%.

Insiders Place Their Bets

In other Boyd Group Services news, Director Robert Berthold Espey purchased 150 shares of the business's stock in a transaction that occurred on Tuesday, June 10th. The shares were bought at an average price of C$201.74 per share, for a total transaction of C$30,261.00. Company insiders own 0.37% of the company's stock.

Boyd Group Services Company Profile

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.