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

Boyd Group Services (TSE:BYD) released its earnings results on Wednesday. The company reported C$0.97 earnings per share for the quarter, FiscalAI reports. Boyd Group Services had a net margin of 0.26% and a return on equity of 0.61%. The firm 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 Price Performance

Shares of BYD opened at C$106.26 on Friday. Boyd Group Services has a twelve month low of C$105.65 and a twelve month high of C$248.23. The company has a market capitalization of C$2.96 billion, a P/E ratio of 236.13, a price-to-earnings-growth ratio of -56.72 and a beta of 1.20. The firm has a 50 day moving average of C$116.01 and a 200 day moving average of C$154.63. The company has a quick ratio of 0.30, a current ratio of 0.58 and a debt-to-equity ratio of 117.12.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on BYD. Royal Bank Of Canada lowered their price objective on Boyd Group Services from C$224.00 to C$193.00 and set an “outperform” rating for the company in a research note on Thursday. Scotiabank cut their target price on Boyd Group Services from C$219.00 to C$210.00 and set a “sector outperform” rating on the stock in a research note on Thursday, August 13th. National Bank Financial reduced their price target on Boyd Group Services from C$270.00 to C$175.00 and set an “outperform” rating for the company in a report on Thursday. BMO Capital Markets lowered their price target on Boyd Group Services from C$200.00 to C$190.00 in a research report on Thursday, August 13th. Finally, Desjardins lowered their price target on Boyd Group Services from C$225.00 to C$205.00 and set a “buy” rating for the company in a research report on Thursday. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of C$201.57.

Key Boyd Group Services News

These are some of the BYD news items that stood out recently:

• Positive Sentiment: Valuation commentary argues that Boyd may be undervalued following its earnings-related selloff, with one analysis suggesting shares could be about 50% below fair value. This is an analyst opinion, not a company forecast. Boyd Group Could Be 50% Undervalued
• Neutral Sentiment: National Bank Financial, RBC, ATB Cormark, Desjardins and Raymond James all lowered their price targets, but retained positive ratings: outperform, buy or strong buy. Their revised targets ranged from C$175 to C$235, still well above the C$106.26 reference price cited in the reports. Read More., Read More., Read More., Read More. and Read More..
• Negative Sentiment: CIBC moved its rating to Neutral and set a C$125 price target, signaling a more cautious view than the other brokers. Broad target reductions—even where ratings remain positive—also suggest analysts have become less optimistic about near-term valuation. CIBC Downgrades Boyd Group Services

Insider Transactions at Boyd Group Services

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