Boyd Group Services (OTCMKTS:BYDGF) Shares Gap Down After Earnings Miss

Shares of Boyd Group Services Inc. (OTCMKTS:BYDGF) gapped down prior to trading on Thursday after the company announced weaker than expected quarterly earnings. The stock had previously closed at $162.98, but opened at $146.69. Boyd Group Services shares last traded at $146.69, with a volume of 7 shares changing hands.

The company reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.05). The firm had revenue of $780.41 million for the quarter, compared to analyst estimates of $792.39 million. Boyd Group Services had a return on equity of 2.70% and a net margin of 0.27%.

Analysts Set New Price Targets

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

Boyd Group Services Trading Down 5.8%

The company has a quick ratio of 0.44, a current ratio of 0.59 and a debt-to-equity ratio of 0.61. The firm has a market cap of $3.30 billion, a price-to-earnings ratio of 414.95 and a beta of 0.71. The business’s fifty day moving average is $149.81 and its two-hundred day moving average is $152.38.

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.