FY2024 EPS Forecast for Bird Construction Cut by Analyst

Bird Construction Inc. (TSE:BDT - Free Report) - Equities research analysts at Stifel Canada reduced their FY2024 earnings per share estimates for shares of Bird Construction in a research report issued on Wednesday, December 11th. Stifel Canada analyst I. Gillies now anticipates that the company will post earnings per share of $1.97 for the year, down from their prior estimate of $2.05. 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 FY2025 earnings at $2.72 EPS and FY2026 earnings at $3.24 EPS.

A number of other equities research analysts have also issued reports on BDT. Raymond James boosted their target price on Bird Construction from C$30.00 to C$35.00 in a research report on Thursday, October 10th. National Bankshares boosted their price objective on Bird Construction from C$23.00 to C$28.00 in a report on Thursday, October 10th. ATB Capital raised their target price on shares of Bird Construction from C$33.00 to C$35.00 in a report on Thursday, October 10th. TD Securities boosted their price target on shares of Bird Construction from C$31.00 to C$36.00 in a report on Thursday, October 10th. Finally, CIBC raised their price objective on shares of Bird Construction from C$29.50 to C$34.00 in a research note on Friday. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of C$33.00.

Bird Construction Price Performance

Shares of TSE BDT traded down C$0.06 during trading on Monday, hitting C$27.49. The company had a trading volume of 76,372 shares, compared to its average volume of 148,156. Bird Construction has a 52 week low of C$13.25 and a 52 week high of C$32.67. The business's 50-day moving average is C$29.59 and its 200 day moving average is C$26.09. The company has a market cap of C$1.52 billion, a P/E ratio of 17.66, a PEG ratio of 0.53 and a beta of 1.05. 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 (TSE:BDT - Get Free Report) last released its earnings results on Tuesday, November 5th. The company reported C$0.69 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of C$0.67 by C$0.02. Bird Construction had a return on equity of 26.97% and a net margin of 2.68%. 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 declared a monthly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 20th will be issued a dividend of $0.07 per share. This is a boost from Bird Construction's previous monthly dividend of $0.05. This represents a $0.84 annualized dividend and a dividend yield of 3.06%. The ex-dividend date of this dividend is Friday, November 29th. Bird Construction's payout ratio is currently 53.85%.

Bird Construction Company Profile

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.