Boyd Group Services (TSE:BYD) Releases Earnings Results

Boyd Group Services (TSE:BYD) issued its earnings results on Wednesday. The company reported C$1.14 earnings per share for the quarter, FiscalAI reports. Boyd Group Services had a net margin of 0.40% and a return on equity of 1.04%. The company had revenue of C$1.44 billion during the quarter.

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

• Revenue surpassed $1 billion for the first time, rising 30% year over year, while adjusted EBITDA increased 45% and adjusted EPS grew to $0.80 from $0.71.
• Adjusted EBITDA margin expanded 140 basis points to 13.4%, supported by Project 360 and Joe Hudson synergies; Boyd raised its 2026 synergy target to $35 million from $20 million.
• Same-store sales increased 2.9% despite industry repairable claims volumes being flat to down 2%, indicating continued market-share gains. July same-store sales remained positive in the low single digits.
• The Joe Hudson integration progressed faster than planned, including systems conversion, rebranding, supply-chain alignment, and back-office integration. Management expects acquisition activity to accelerate in the second half, supported by a robust pipeline.
• Reported net earnings declined to $1.3 million from $5.4 million, primarily due to higher depreciation, financing costs, and a $5 million purchase-price-allocation adjustment that increased intangible amortization, although adjusted net earnings rose 47%.

Boyd Group Services Trading Up 2.3%

Shares of Boyd Group Services stock opened at C$146.37 on Thursday. Boyd Group Services has a twelve month low of C$125.16 and a twelve month high of C$248.23. The company has a quick ratio of 0.30, a current ratio of 0.60 and a debt-to-equity ratio of 119.31. The business has a 50-day moving average price of C$139.86 and a 200-day moving average price of C$172.90. The firm has a market cap of C$4.07 billion, a price-to-earnings ratio of 221.77, a PEG ratio of -56.72 and a beta of 1.02.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on BYD shares. National Bank Financial dropped their price objective on Boyd Group Services from C$290.00 to C$265.00 and set an “outperform” rating for the company in a research note on Friday, May 1st. Royal Bank Of Canada decreased their target price on Boyd Group Services from C$267.00 to C$245.00 in a research note on Friday, May 15th. TD lowered their price target on Boyd Group Services from C$270.00 to C$190.00 and set a “buy” rating on the stock in a report on Thursday, May 14th. Canadian Imperial Bank of Commerce dropped their price target on Boyd Group Services from C$275.00 to C$205.00 in a research note on Thursday, May 14th. Finally, Scotia dropped their price target on Boyd Group Services from C$239.00 to C$231.00 and set a “sector outperform” rating for the company in a research note on Thursday, May 14th. One investment analyst has rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of C$236.92.

Insider Activity at Boyd Group Services

In other news, Director Robert Berthold Espey purchased 500 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The stock was bought at an average cost of C$150.00 per share, with a total value of C$75,000.00. Following the completion of the purchase, the director owned 3,350 shares in the company, valued at approximately C$502,500. This represents a 17.54% increase in their ownership of the stock. 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 .