Boyd Group Services (TSE:BYD) Announces Earnings Results

Boyd Group Services (TSE:BYD) announced its earnings results on Wednesday. The company reported C$1.14 EPS for the quarter, FiscalAI reports. Boyd Group Services had a net margin of 0.40% and a return on equity of 1.04%. The business 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 Stock Down 12.6%

BYD stock opened at C$127.98 on Friday. Boyd Group Services has a one year low of C$125.16 and a one year high of C$248.23. The stock has a market capitalization of C$3.56 billion, a PE ratio of 193.91, a price-to-earnings-growth ratio of -56.72 and a beta of 1.02. The company has a debt-to-equity ratio of 119.31, a quick ratio of 0.30 and a current ratio of 0.60. The company has a fifty day moving average of C$139.52 and a 200-day moving average of C$172.24.

Insider Activity

In other news, Director Robert Berthold Espey purchased 500 shares of the company’s stock in a transaction dated Wednesday, May 27th. The shares were acquired at an average cost of C$150.00 per share, for a total transaction of C$75,000.00. Following the completion of the purchase, the director directly owned 3,350 shares in the company, valued at C$502,500. The trade was a 17.54% increase in their position. 0.37% of the stock is currently owned by company insiders.

Boyd Group Services News Summary

Here are the key news stories impacting Boyd Group Services this week:

• Positive Sentiment: Several analysts maintained or upgraded their constructive outlooks. ATB Cormark raised its price target to C$250 and assigned an “outperform” rating; National Bank lifted its target to C$270; TD raised its target to C$200 and gave the stock a “buy” rating; and RBC maintained “outperform” with a C$236 target. These targets imply substantial potential upside from recent levels. BayStreet analyst ratings
• Positive Sentiment: CIBC also increased its price target to C$208, while Desjardins maintained a “buy” rating despite reducing its target to C$225. The continued presence of bullish ratings suggests analysts believe the current weakness may be overdone. BayStreet analyst ratings
• Neutral Sentiment: The analyst consensus was mixed: targets were raised by CIBC, ATB Cormark, TD and National Bank, but lowered by Desjardins, BMO, Jefferies and Scotiabank. The reductions indicate some caution about near-term earnings and valuation, even though all cited targets remain above the current share price.
• Negative Sentiment: Boyd Group reported quarterly EPS of C$1.14 on revenue of C$1.44 billion. The company’s 0.40% net margin and 1.04% return on equity point to very limited profitability, likely weighing on investor sentiment—particularly given the stock’s elevated valuation and substantial debt relative to equity. Boyd Group quarterly earnings
• Negative Sentiment: Jefferies lowered its target to C$225, BMO cut its target to C$190, and Scotiabank reduced its target to C$210. These downward revisions reinforce concerns that earnings recovery may take longer than previously expected. BayStreet analyst ratings

Analyst Ratings Changes

A number of research firms recently issued reports on BYD. TD raised their price target on Boyd Group Services from C$190.00 to C$200.00 and gave the stock a “buy” rating in a report on Thursday. National Bank Financial upped their price objective on Boyd Group Services from C$265.00 to C$270.00 and gave the company an “outperform” rating in a research note on Thursday. ATB Cormark Capital Markets increased their price objective on Boyd Group Services from C$245.00 to C$250.00 and gave the stock an “outperform” rating in a research report on Thursday. Desjardins lowered their target price on Boyd Group Services from C$240.00 to C$225.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, Scotiabank dropped 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 report on Thursday. One research analyst has rated the stock with a Strong Buy rating and eleven have given a Buy rating to the stock. According to MarketBeat, Boyd Group Services has an average rating of “Buy” and a consensus target price of C$230.00.

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 .