Boyd Group Services (NYSE:BGSI) Releases Earnings Results, Misses Expectations By $0.24 EPS

Boyd Group Services (NYSE:BGSI) announced its quarterly earnings data on Wednesday. The company reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.24), Zacks reports. Boyd Group Services had a negative net margin of 0.05% and a positive return on equity of 4.66%. The firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1.02 billion.

Boyd Group Services Trading Up 0.2%

Shares of BGSI traded up $0.17 during midday trading on Friday, hitting $74.63. 25,827 shares of the stock were exchanged, compared to its average volume of 48,682. Boyd Group Services has a 52-week low of $74.13 and a 52-week high of $183.10. The stock has a fifty day simple moving average of $82.48 and a 200 day simple moving average of $111.63. The firm has a market cap of $2.07 billion, a P/E ratio of -1,865.53 and a beta of 0.68. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.46 and a current ratio of 0.60.

Boyd Group Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 28th. Shareholders of record on Wednesday, September 30th were paid a dividend of C$0.16 per share. This represents a $0.62 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Wednesday, September 30th. Boyd Group Services’s dividend payout ratio is 95.65%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Weiss Ratings upgraded shares of Boyd Group Services from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, October 29th. Canadian Imperial Bank of Commerce downgraded shares of Boyd Group Services from a “strong-buy” rating to a “hold” rating in a report on Thursday. Mizuho cut their price target on shares of Boyd Group Services from $120.00 to $115.00 and set an “outperform” rating for the company in a report on Thursday. Finally, Zacks Research raised shares of Boyd Group Services from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Boyd Group Services presently has a consensus rating of “Moderate Buy” and a consensus target price of $136.00.

Boyd Group Services Company Profile

Boyd Group Services Inc. operates collision repair and automotive glass businesses in the United States and Canada. Its services include vehicle collision repairs, paint and refinishing, auto glass repair and replacement, and related services. The company serves customers through brands including Gerber Collision & Glass in the United States and Boyd Autobody & Glass in Canada. Its repair centers work with vehicle owners, insurers and fleet operators. Boyd Group traces its roots to an auto body repair business established in Winnipeg, Manitoba, in 1990.