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

Boyd Group Services (NYSE:BGSI) issued its quarterly earnings data on Wednesday. The company reported $0.80 EPS for the quarter, missing the consensus estimate of $0.94 by ($0.14), Zacks reports. Boyd Group Services had a return on equity of 4.90% and a net margin of 0.39%.

Boyd Group Services Stock Up 3.5%

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

Boyd Group Services Dividend Announcement

The business also recently declared 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 of this dividend 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 65.15%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Invesco Ltd. bought a new stake in Boyd Group Services in the 4th quarter valued at $318,000. Alberta Investment Management Corp bought a new position in Boyd Group Services during the fourth quarter worth $5,678,000. State of Tennessee Department of Treasury acquired a new position in shares of Boyd Group Services in the fourth quarter valued at $4,687,000. Mackenzie Financial Corp acquired a new position in shares of Boyd Group Services in the fourth quarter valued at $327,955,000. Finally, Pillsbury Lake Capital LLC bought a new position in shares of Boyd Group Services in the fourth quarter valued at about $12,736,000. 0.17% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

BGSI has been the subject of several recent analyst reports. Weiss Ratings restated a “sell (d)” rating on shares of Boyd Group Services in a report on Wednesday, June 24th. Stephens decreased their price objective on Boyd Group Services from $200.00 to $157.00 and set an “overweight” rating for the company in a research report on Tuesday, April 14th. Wall Street Zen cut Boyd Group Services from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Finally, Zacks Research raised shares of Boyd Group Services from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus 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.