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

Boyd Group Services (TSE:BYD) issued its quarterly earnings results on Wednesday. The company reported C$1.24 earnings per share for the quarter, FiscalAI reports. Boyd Group Services had a return on equity of 1.66% and a net margin of 0.59%.The business had revenue of C$1.04 billion for the quarter.

Here are the key takeaways from Boyd Group Services’ conference call:

• Company reported a strong 2025 with CAD 3.1 billion revenue, adjusted EBITDA up 12.4% to CAD 376.3 million, and Q4 adjusted EBITDA up 24.2% with margin expansion to 13.1%.
• The Project 360 transformation delivered CAD 40 million of annualized savings in 2025 and, combined with Joe Hudson synergies, forms a CAD 140 million integrated cost program expected to drive further margin improvement (another ~CAD 50 million targeted in 2026).
• Boyd closed the CAD 1.3 billion Joe Hudson’s acquisition (Jan 9, 2026); integration is on schedule (≈44% of stores converted, ~30/week) and management expects ~50% of the CAD 35–45 million synergies in 2026 with procurement benefits already beginning.
• Industry conditions are normalizing—repairable claims declines improved from ~9–10% early 2025 to ~2–4% in Q4 and management says trends continued into early 2026, supported by falling insurance premium growth and rising used-car prices, which should support volumes and pricing over time.
• Near-term headwinds include unusual southern winter storms that temporarily reduced Q1 volumes, higher early-year payroll taxes and one-time transformation/integration costs (Project 360 implementation and Joe Hudson integration roughly CAD 20–30 million each) that weighed on 2025 net earnings.

Boyd Group Services Trading Down 1.2%

Boyd Group Services stock opened at C$190.54 on Friday. The company has a quick ratio of 0.30, a current ratio of 3.14 and a debt-to-equity ratio of 99.84. Boyd Group Services has a 52 week low of C$184.20 and a 52 week high of C$248.23. The company has a market capitalization of C$5.30 billion, a price-to-earnings ratio of 257.49, a price-to-earnings-growth ratio of -56.72 and a beta of 0.40. The stock has a 50-day moving average price of C$226.81 and a 200 day moving average price of C$225.19.

Analyst Ratings Changes

BYD has been the subject of several research analyst reports. BMO Capital Markets decreased their price objective on shares of Boyd Group Services from C$280.00 to C$250.00 in a research report on Thursday. TD Securities cut their price target on shares of Boyd Group Services from C$290.00 to C$270.00 and set a “buy” rating on the stock in a research note on Thursday. Royal Bank Of Canada decreased their price target on shares of Boyd Group Services from C$294.00 to C$267.00 in a report on Thursday. Raymond James Financial lowered their price objective on shares of Boyd Group Services from C$290.00 to C$275.00 and set a “strong-buy” rating for the company in a research note on Thursday. Finally, Jefferies Financial Group dropped their price objective on shares of Boyd Group Services from C$275.00 to C$250.00 in a report on Thursday. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Boyd Group Services presently has a consensus rating of “Buy” and an average target price of C$264.25.

More Boyd Group Services News

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

• Positive Sentiment: Raymond James cut its target from C$290 to C$275 but maintained a “strong-buy” rating, signaling continued conviction in BYD’s outlook despite the trim. Article Title
• Positive Sentiment: TD Securities lowered its target from C$290 to C$270 but kept a “buy” rating, indicating analysts still see meaningful upside even after the reduction. Article Title TickerReport
• Neutral Sentiment: Canadian Imperial Bank of Commerce trimmed its target from C$290 to C$280; the new target still implies a large percentage upside from the current price. Article Title
• Neutral Sentiment: Royal Bank of Canada reduced its target from C$294 to C$267 — a notable cut but the revised target still projects a meaningful gain versus today’s level. Article Title
• Neutral Sentiment: Jefferies lowered its target from C$275 to C$250; the firm did not reportedly change its rating alongside the target reduction. Article Title
• Neutral Sentiment: BMO Capital Markets trimmed its target from C$280 to C$250; like others, the cut reduces upside expectations but still leaves room above the current price. Article Title

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 .