Boyd Group Services (NYSE:BGSI) Posts Earnings Results

Boyd Group Services (NYSE:BGSI) released its quarterly earnings results on Wednesday. The company reported $0.68 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.24), Zacks reports. Boyd Group Services had a net margin of 0.25% and a return on equity of 5.21%.

Boyd Group Services Stock Down 13.5%

Shares of Boyd Group Services stock traded down $11.94 during trading on Wednesday, reaching $76.56. 116,660 shares of the company traded hands, compared to its average volume of 48,377. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.60 and a quick ratio of 0.46. Boyd Group Services has a 1-year low of $75.42 and a 1-year high of $183.10. The company has a 50 day moving average price of $82.80 and a 200-day moving average price of $112.51. The firm has a market capitalization of $2.12 billion, a PE ratio of 167.25 and a beta of 0.68.

Boyd Group Services Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on BGSI shares. Weiss Ratings upgraded Boyd Group Services from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, October 29th. Zacks Research upgraded Boyd Group Services from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 28th. Finally, Mizuho assumed coverage on shares of Boyd Group Services in a research report on Friday, September 18th. They set an “outperform” rating and a $120.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $138.50.

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.