What is Desjardins' Estimate for TSE:BYD FY2027 Earnings?

Key Points

• Desjardins forecasts that Boyd Group Services Inc. will achieve earnings of $7.26 per share for FY2027, maintaining a "Buy" rating with a target price of $270.00 per share.
• In recent assessments, several firms have adjusted their price targets for Boyd Group, with ATB Capital lowering their estimate from C$290.00 to C$270.00.
• Boyd Group Services has announced an increase in their quarterly dividend from $0.15 to $0.153 per share, reflecting a positive financial trend.

Boyd Group Services Inc. (TSE:BYD - Free Report) - Research analysts at Desjardins issued their FY2027 earnings per share (EPS) estimates for Boyd Group Services in a research report issued on Wednesday, August 13th. Desjardins analyst G. Ho forecasts that the company will earn $7.26 per share for the year. 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.

Several other research firms have also recently weighed in on BYD. ATB Capital decreased their price objective on shares of Boyd Group Services from C$290.00 to C$270.00 and set an "outperform" rating on the stock in a research report on Thursday. The Goldman Sachs Group upgraded shares of Boyd Group Services from a "strong sell" rating to a "hold" rating in a research report on Tuesday, June 3rd. Stifel Nicolaus upped their price objective on shares of Boyd Group Services from C$255.00 to C$260.00 and gave the stock a "buy" rating in a research report on Thursday. National Bankshares upped their price objective on shares of Boyd Group Services from C$245.00 to C$250.00 and gave the stock an "outperform" rating in a research report on Thursday. Finally, TD Securities decreased their price objective on shares of Boyd Group Services from C$290.00 to C$280.00 and set a "buy" rating on the stock in a research report on Thursday, May 22nd. One analyst has rated the stock with a hold rating, seven have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, Boyd Group Services currently has an average rating of "Buy" and a consensus price target of C$259.18.

Boyd Group Services Price Performance

Shares of BYD stock traded down C$0.99 during trading on Friday, hitting C$210.77. The company had a trading volume of 5,686 shares, compared to its average volume of 49,173. 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 stock's 50-day moving average is C$205.14 and its two-hundred day moving average is C$213.45. The stock has a market capitalization of C$3.20 billion, a price-to-earnings ratio of 77.63, a price-to-earnings-growth ratio of -56.72 and a beta of 0.99. Boyd Group Services has a 52 week low of C$186.10 and a 52 week high of C$258.17.

Boyd Group Services Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 29th. Stockholders of record on Monday, June 30th were paid a dividend of $0.153 per share. This represents a $0.61 dividend on an annualized basis and a dividend yield of 0.3%. This is a positive change from Boyd Group Services's previous quarterly dividend of $0.15. Boyd Group Services's dividend payout ratio is 22.10%.

Insider Buying and Selling at Boyd Group Services

In related news, Director Robert Berthold Espey acquired 150 shares of the company's stock in a transaction dated Tuesday, June 10th. The stock was purchased at an average price of C$201.74 per share, with a total value of C$30,261.00. Company insiders own 0.37% of the company's stock.

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.

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