Boyd Group Services (NYSE:BGSI) Hits New 12-Month Low Following Weak Earnings

Boyd Group Services Inc. (NYSE:BGSI) hit a new 52-week low during trading on Thursday following a weaker than expected earnings announcement. The stock traded as low as $74.80 and last traded at $75.09, with a volume of 9,472 shares traded. The stock had previously closed at $77.18.

The company reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.24). The business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1.02 billion. Boyd Group Services had a net margin of 0.25% and a return on equity of 5.21%.

Boyd Group Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 28th. Shareholders of record on Wednesday, September 30th were given a C$0.16 dividend. This represents a $0.62 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Wednesday, September 30th. Boyd Group Services’s dividend payout ratio is 93.48%.

Boyd Group Services News Summary

Investors following BGSI have been watching these news items:

• Positive Sentiment: Revenue rose 28.2% to $1.01 billion, while adjusted EBITDA grew 34.3% to $132.1 million and adjusted EBITDA margin expanded to 13.0%. New locations contributed $206 million in revenue, alongside 2.2% same-store sales growth. Boyd Group Services Inc. Reports Third Quarter 2026 Results
• Positive Sentiment: Mizuho lowered its price target to $115 from $120 but kept its “outperform” rating, implying substantial potential upside from the price cited in the report. The target reduction tempers the positive signal. Mizuho stock recommendations
• Negative Sentiment: Adjusted earnings of $0.68 per share missed the $0.92 consensus estimate; revenue of $1.01 billion also came in below forecasts of about $1.02 billion. The earnings shortfall prompted a sharp selloff and is the clearest near-term headwind for the stock. Boyd Group Services misses Q3 estimates

Analyst Ratings Changes

BGSI has been the subject of a number of research analyst reports. Weiss Ratings raised Boyd Group Services from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, October 29th. Zacks Research upgraded Boyd Group Services from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 28th. Finally, Mizuho dropped their price objective on Boyd Group Services from $120.00 to $115.00 and set an “outperform” rating on the stock in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $136.00.

Institutional Trading of Boyd Group Services

Several hedge funds and other institutional investors have recently made changes to their positions in BGSI. BCV Asset Management Inc. purchased a new stake in shares of Boyd Group Services during the third quarter worth about $39,970,000. CenterBook Partners LP lifted its holdings in shares of Boyd Group Services by 360.7% in the 3rd quarter. CenterBook Partners LP now owns 29,635 shares of the company’s stock valued at $2,324,000 after buying an additional 23,203 shares during the period. State of Wyoming purchased a new stake in Boyd Group Services in the 3rd quarter worth approximately $65,000. MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd boosted its holdings in Boyd Group Services by 1.3% during the third quarter. MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd now owns 41,838 shares of the company’s stock worth $3,281,000 after buying an additional 528 shares in the last quarter. Finally, Cardinal Point Capital Management ULC grew its position in shares of Boyd Group Services by 249.6% during the 3rd quarter. Cardinal Point Capital Management ULC now owns 89,155 shares of the company’s stock valued at $7,019,000 after acquiring an additional 63,650 shares during the period. Hedge funds and other institutional investors own 0.17% of the company’s stock.

Boyd Group Services Trading Down 3.2%

The firm has a market capitalization of $2.07 billion, a price-to-earnings ratio of 162.43 and a beta of 0.68. The company has a 50 day moving average price of $82.69 and a two-hundred day moving average price of $112.09. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.46 and a current ratio of 0.60.

Boyd Group Services Company Profile

Boyd Group Services Inc. operates collision repair and automotive glass businesses in the United States and Canada. Its services include vehicle collision repairs, paint and refinishing, auto glass repair and replacement, and related services. The company serves customers through brands including Gerber Collision & Glass in the United States and Boyd Autobody & Glass in Canada. Its repair centers work with vehicle owners, insurers and fleet operators. Boyd Group traces its roots to an auto body repair business established in Winnipeg, Manitoba, in 1990.