Boyd Group Services (TSE:BYD) Posts Quarterly Earnings Results

Boyd Group Services (TSE:BYD) posted its quarterly earnings data on Wednesday. The company reported C$0.97 earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of C$1.44 billion during the quarter. Boyd Group Services had a net margin of 0.26% and a return on equity of 0.61%.

Here are the key takeaways from Boyd Group Services’ conference call:

• Third-quarter revenue rose 28% year over year to just over $1 billion, while adjusted EBITDA increased 34% and adjusted EBITDA margin expanded to 13% from 12.4%. Same-store sales grew 2.2%, as Boyd said it continued to outperform industry volumes.
• Project 360 savings and Joe Hudson’s synergies are progressing: Boyd has realized $90 million to date and expects $105 million by year-end toward a combined $140 million target. Adjusted EBITDA margin has improved 230 basis points since the third quarter of 2024; the remaining $35 million in savings is expected between 2027 and 2029.
• Industry repairable claims were estimated to be down 1%–3%, but Boyd reported positive same-store sales in October, supported by volume growth and a sequential improvement in total cost of repair. Management said total losses have stabilized, allowing underlying pricing and calibration-related gains to show more clearly.
• Boyd said Joe Hudson’s year-over-year revenue trend improved in the quarter and into October as locations transitioned to Boyd’s systems and operating model. Management expects further improvement but noted that the turnaround will take time.
• Adjusted earnings per share fell to $0.68 from $0.83 a year earlier, despite higher adjusted net earnings, as increased depreciation and finance costs weighed on results.

Boyd Group Services Trading Down 12.2%

Shares of Boyd Group Services stock opened at C$109.70 on Thursday. Boyd Group Services has a 1 year low of C$107.53 and a 1 year high of C$248.23. The company’s fifty day simple moving average is C$116.25 and its 200-day simple moving average is C$155.24. The company has a market cap of C$3.05 billion, a price-to-earnings ratio of 243.78, a PEG ratio of -56.72 and a beta of 1.20. The company has a current ratio of 0.58, a quick ratio of 0.30 and a debt-to-equity ratio of 117.12.

Analyst Ratings Changes

A number of research analysts have recently weighed in on BYD shares. National Bank Financial lifted their price target on Boyd Group Services from C$265.00 to C$270.00 and gave the company an “outperform” rating in a report on Thursday, August 13th. Jefferies Financial Group dropped their price target on Boyd Group Services from C$250.00 to C$225.00 in a research report on Thursday, August 13th. Mizuho set a C$120.00 price objective on Boyd Group Services and gave the stock an “outperform” rating in a research note on Friday, September 18th. Canadian Imperial Bank of Commerce raised their price objective on Boyd Group Services from C$205.00 to C$208.00 in a research report on Thursday, August 13th. Finally, Desjardins lowered their target price on Boyd Group Services from C$240.00 to C$225.00 and set a “buy” rating on the stock in a research note on Thursday, August 13th. Two equities research analysts have rated the stock with a Strong Buy rating and nine have given a Buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of C$219.50.

Insider Activity at Boyd Group Services

In other Boyd Group Services news, insider Jeff Murray acquired 350 shares of the company’s stock in a transaction dated Monday, September 28th. The stock was bought at an average price of C$111.17 per share, for a total transaction of C$38,909.50. Following the purchase, the insider owned 7,700 shares in the company, valued at C$856,009. This represents a 4.76% increase in their position. Corporate insiders own 0.37% of the company’s stock.

Boyd Group Services Company Profile

Boyd Group Services Inc. is a Canadian corporation and controls The Boyd Group Inc. and its subsidiaries. Boyd Group Services Inc. shares trade on the Toronto Stock Exchange (TSX) under the symbol BYD.TO and the New York Stock Exchange (NYSE) under the symbol BGSI. For more information on The Boyd Group Inc. or Boyd Group Services Inc., please visit our website at https://www.boydgroup.com .