FY2024 EPS Forecast for Bird Construction Lifted by Analyst

Bird Construction Inc. (TSE:BDT - Free Report) - Analysts at Stifel Canada boosted their FY2024 earnings per share estimates for shares of Bird Construction in a research note issued to investors on Wednesday, November 6th. Stifel Canada analyst I. Gillies now forecasts that the company will post earnings per share of $2.05 for the year, up from their prior estimate of $1.90. The consensus estimate for Bird Construction's current full-year earnings is $2.76 per share. Stifel Canada also issued estimates for Bird Construction's Q1 2025 earnings at $0.23 EPS, Q2 2025 earnings at $0.80 EPS, Q3 2025 earnings at $0.93 EPS, Q4 2025 earnings at $0.76 EPS and FY2025 earnings at $2.73 EPS.

Other research analysts also recently issued reports about the stock. National Bankshares upped their target price on shares of Bird Construction from C$23.00 to C$28.00 in a research note on Thursday, October 10th. Cibc World Mkts raised Bird Construction to a "hold" rating in a research report on Friday, August 9th. Raymond James lifted their price objective on Bird Construction from C$30.00 to C$35.00 in a report on Thursday, October 10th. TD Securities upped their target price on Bird Construction from C$31.00 to C$36.00 in a research report on Thursday, October 10th. Finally, CIBC decreased their price target on shares of Bird Construction from C$31.00 to C$29.50 in a research report on Thursday. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Bird Construction currently has a consensus rating of "Moderate Buy" and an average price target of C$32.44.

Bird Construction Stock Up 2.4 %

Shares of TSE:BDT traded up C$0.71 during midday trading on Monday, hitting C$29.79. 112,678 shares of the company's stock traded hands, compared to its average volume of 146,975. The company has a debt-to-equity ratio of 70.40, a quick ratio of 1.20 and a current ratio of 1.25. Bird Construction has a twelve month low of C$11.55 and a twelve month high of C$32.67. The firm's fifty day moving average price is C$26.35 and its two-hundred day moving average price is C$24.54. The company has a market cap of C$1.65 billion, a PE ratio of 18.64, a P/E/G ratio of 0.53 and a beta of 1.05.

Bird Construction (TSE:BDT - Get Free Report) last posted its quarterly earnings results on Tuesday, November 5th. The company reported C$0.69 EPS for the quarter, beating the consensus estimate of C$0.67 by C$0.02. Bird Construction had a net margin of 2.68% and a return on equity of 26.97%. The firm had revenue of C$898.94 million for the quarter, compared to analyst estimates of C$961.37 million.

Bird Construction Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 20th will be given a dividend of $0.07 per share. The ex-dividend date is Friday, November 29th. This is a positive change from Bird Construction's previous monthly dividend of $0.05. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.82%. Bird Construction's payout ratio is 53.85%.

About Bird Construction

Bird Construction Inc provides construction services in Canada. The company primarily focuses on projects in the industrial, and institutional, and infrastructure markets. It constructs large, complex industrial buildings, including manufacturing, processing, distribution, and warehouse facilities; and provides electrical and instrumentation, high voltage testing and commissioning services, as well as power line construction, structural, mechanical, and piping, including off-site metal and modular fabrication.