Boyd Group Services Inc (TSE:BYD) opened trading at C$240.12 on Friday, May 13th, 2023. The company has a very high debt-to-equity ratio of 131.01, indicating that the majority of its financing comes from debt rather than equity. Additionally, it has quick and current ratios of 0.30 and 0.65 respectively, which may be interpreted as a sign of its liquidity risk and lower ability to pay short-term liabilities.
Despite these financial ratios, Boyd Group Services has achieved an impressive fifty-two week high of C$247.37 and a market cap value of C$5.16 billion. The firm has a PE ratio of 92.00 and a price-to-earnings-growth ratio of -56.72, indicating that investors have high expectations for the company’s growth potential but based on expected returns over earnings per share they forecast negative growth for the business.
A number of equities research analysts have also weighed in on Boyd Group Services’ performance over recent months with mixed opinions on rating from outperform under weight to neutral ratings reflecting varied investor views towards the future potential of the stock output.
The company currently operates non-franchised collision repair centers across North America under various brands such as Boyd Autobody & Glass, Assured Automotive in Canada, and Gerber Collision & Glass in the United States alongside retail auto glass operator services.
According to its quarterly earnings data released in March 2023, Boyd Group Services Inc reported C$864.99 million revenue for the quarter and EPS (earnings per share) of C$0.92 falling short to consensus estimates of C$832.79 million revenue with C($0.13). However it still attained a net margin return rate of 1.68%.
Overall despite mixed reviews on recent performance figures by stakeholders; Based on it’s significant market cap value and impressive 52-week high, it is still possible that Boyd Group Services could continue performing strongly in the future as demonstrated by a steady stock return over time. Investors may consider holding their position for the long-term perspective while remaining watchful of any potential downsides.
Atb Cap Markets predicts potential decrease in Q3 2023 EPS for Boyd Group Services Inc.
Atb Cap Markets, an investment analyst group, has released a report regarding their Q3 2023 EPS estimates for popular Canadian company Boyd Group Services Inc. The report, which was released to clients and investors on May 10th, highlights a potential decrease in earnings per share for the quarter from $1.72 to $1.53, as predicted by Atb Cap Markets analyst C. Murray.
This new prediction has stirred up speculation within the investment community, with many closely monitoring Boyd Group Services in the lead up to Q3 2023. However, while this potential decrease in earnings is certainly noteworthy, it is important to consider the fact that Boyd Group Services currently boasts a full-year earnings per share estimate of $5.71 per share – a figure that remains unchanged despite Atb Cap Markets’ most recent update.
Furthermore, Atb Cap Markets has also released its own predictions for Boyd Group Services’ FY2023 and Q3 2024 earnings at $5.91 and $2.20 EPS respectively. While both predictions are lower than previous estimates for those periods, they aren’t overwhelmingly negative.
It is also worth noting that Boyd Group Services recently disclosed a quarterly dividend payment of $0.147 on April 26th – equivalent to an annualized dividend of $0.59 and yielding 0.24%. This may be an attractive incentive for current shareholders and could help maintain or increase confidence in the company during any potentially volatile times ahead.
Overall, this new report by Atb Cap Markets should not cause too much alarm for investors interested in Boyd Group Services Inc., as the broader estimate for full-year earnings remains consistent with previous predictions. As always with investments though – there can never be certainty when it comes to future earnings until they’ve actually occurred – so caution and informed research should always remain key priorities when considering purchasing shares of any company.
