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

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

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 Price Performance

TSE BYD traded up C$4.55 during trading on Wednesday, reaching C$147.59. 49,447 shares of the company traded hands, compared to its average volume of 88,926. Boyd Group Services has a 1-year low of C$125.16 and a 1-year high of C$248.23. The company has a market cap of C$4.11 billion, a price-to-earnings ratio of 223.62, a P/E/G ratio of -56.72 and a beta of 1.02. The stock’s 50 day moving average price is C$139.75 and its two-hundred day moving average price is C$173.45. The company has a debt-to-equity ratio of 119.31, a quick ratio of 0.30 and a current ratio of 0.60.

Wall Street Analysts Forecast Growth

BYD has been the topic of several research analyst reports. Royal Bank Of Canada decreased their price target on shares of Boyd Group Services from C$267.00 to C$245.00 in a research report on Friday, May 15th. National Bank Financial cut their price objective on shares of Boyd Group Services from C$290.00 to C$265.00 and set an “outperform” rating for the company in a research report on Friday, May 1st. TD reduced their target price on shares of Boyd Group Services from C$270.00 to C$190.00 and set a “buy” rating for the company in a research note on Thursday, May 14th. Canadian Imperial Bank of Commerce decreased their target price on Boyd Group Services from C$275.00 to C$205.00 in a research report on Thursday, May 14th. Finally, Stifel Nicolaus cut their price target on Boyd Group Services from C$255.00 to C$205.00 and set a “buy” rating for the company in a report on Thursday, May 14th. One analyst has rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the stock. According to MarketBeat, Boyd Group Services has a consensus rating of “Buy” and a consensus price target of C$236.92.

Insider Activity

In related news, Director Robert Berthold Espey bought 500 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The stock was acquired at an average price of C$150.00 per share, for a total transaction of C$75,000.00. Following the transaction, the director directly owned 3,350 shares of the company’s stock, valued at C$502,500. This represents a 17.54% increase in their ownership of the stock. Insiders own 0.37% of the company’s stock.

About Boyd Group Services

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 .