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

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

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 TSE BYD traded down C$15.27 during midday trading on Wednesday, hitting C$109.70. The company’s stock had a trading volume of 575,418 shares, compared to its average volume of 104,410. Boyd Group Services has a 12-month low of C$107.53 and a 12-month high of C$248.23. The company has a current ratio of 0.58, a quick ratio of 0.30 and a debt-to-equity ratio of 117.12. The firm has a market cap of C$3.05 billion, a P/E ratio of 243.78, a price-to-earnings-growth ratio of -56.72 and a beta of 1.20. The business’s 50 day moving average is C$116.35 and its two-hundred day moving average is C$155.81.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on BYD. National Bank Financial increased 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. Scotiabank dropped their price objective on shares of Boyd Group Services from C$219.00 to C$210.00 and set a “sector outperform” rating for the company in a research note on Thursday, August 13th. Jefferies Financial Group cut their price objective on shares of Boyd Group Services from C$250.00 to C$225.00 in a research report on Thursday, August 13th. Desjardins cut their price objective on shares of Boyd Group Services from C$240.00 to C$225.00 and set a “buy” rating on the stock in a research report on Thursday, August 13th. Finally, Royal Bank Of Canada reduced their target price on shares of Boyd Group Services from C$236.00 to C$224.00 and set an “outperform” rating on the stock in a research note on Monday, September 14th. Two investment analysts have rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company. According to MarketBeat.com, Boyd Group Services presently has an average rating of “Buy” and an average price target of C$219.50.

Insider Transactions at Boyd Group Services

In other Boyd Group Services news, insider Jeff Murray acquired 350 shares of the business’s stock in a transaction on Monday, September 28th. The shares were bought at an average price of C$111.17 per share, with a total value of C$38,909.50. Following the transaction, the insider directly owned 7,700 shares of the company’s stock, valued at C$856,009. The trade was a 4.76% increase in their position. 0.37% of the stock is currently owned by insiders.

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 .