Boyd Group Services (OTCMKTS:BYDGF) Shares Gap Down on Disappointing Earnings

Boyd Group Services Inc. (OTCMKTS:BYDGF)’s stock price gapped down prior to trading on Thursday following a weaker than expected earnings announcement. 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 trading hands.

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

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on BYDGF shares. Stephens started coverage on shares of Boyd Group Services in a research note on Tuesday, June 10th. They set an “overweight” rating on the stock. Royal Bank Of Canada restated an “outperform” rating on shares of Boyd Group Services in a research note on Thursday. Finally, The Goldman Sachs Group upgraded shares of Boyd Group Services from a “strong sell” rating to a “hold” rating in a research note 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Boyd Group Services Price Performance

The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.44 and a current ratio of 0.59. The firm has a market capitalization of $3.28 billion, a P/E ratio of 412.46 and a beta of 0.71. The stock’s 50 day simple moving average is $149.93 and its 200 day simple moving average is $152.28.

About Boyd Group Services

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.