Boyd Group Services (OTCMKTS:BYDGF) Posts Earnings Results, Misses Estimates By $0.05 EPS

Key Points

• Boyd Group Services reported quarterly earnings of $0.50 EPS, falling short of the expected $0.55 by $0.05, with revenues of $780.41 million against a forecast of $792.39 million.
• The company's stock was trading at $162.98, with a market cap of $3.50 billion and a PE ratio of 262.87.
• Analysts maintain a consensus rating of "Buy" for Boyd Group Services, with several firms issuing positive outlooks, including an "overweight" rating from Stephens.

Boyd Group Services (OTCMKTS:BYDGF - Get Free Report) announced its quarterly earnings data on Wednesday. The company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.05), Zacks reports. Boyd Group Services had a net margin of 0.27% and a return on equity of 2.70%. The firm had revenue of $780.41 million during the quarter, compared to analyst estimates of $792.39 million.

Boyd Group Services Trading Down 0.6%

OTCMKTS BYDGF traded down $0.92 during mid-day trading on Monday, reaching $152.61. 6,253 shares of the stock were exchanged, compared to its average volume of 3,969. Boyd Group Services has a 1-year low of $136.81 and a 1-year high of $185.45. The business's fifty day simple moving average is $149.93 and its 200 day simple moving average is $152.10. The stock has a market capitalization of $3.28 billion, a PE ratio of 412.46 and a beta of 0.71. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.44 and a current ratio of 0.59.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Stephens initiated coverage on shares of Boyd Group Services in a research report on Tuesday, June 10th. They set an "overweight" rating on the stock. Royal Bank Of Canada reissued an "outperform" rating on shares of Boyd Group Services in a report on Thursday. Finally, The Goldman Sachs Group raised Boyd Group Services from a "strong sell" rating to a "hold" rating in a report on Tuesday, June 3rd. One analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Boyd Group Services presently has a consensus rating of "Buy".

Boyd Group Services Company Profile

Boyd Group Services Inc, together with its subsidiaries, operates non-franchised collision repair centers in North America. The company operates its locations under the Boyd Autobody & Glass and Assured Automotive names in Canada; and Gerber Collision & Glass name in the United States. It also operates as a retail auto glass operator under the Gerber Collision & Glass, Glass America, Auto Glass Service, Auto Glass Authority, and Autoglassonly.com names in the United States.