TSE:BDT FY2024 EPS Forecast Boosted by Atb Cap Markets

Bird Construction Inc. (TSE:BDT - Free Report) - Research analysts at Atb Cap Markets increased their FY2024 earnings estimates for shares of Bird Construction in a note issued to investors on Wednesday, November 6th. Atb Cap Markets analyst C. Murray now expects that the company will earn $2.04 per share for the year, up from their prior estimate of $2.03. The consensus estimate for Bird Construction's current full-year earnings is $2.76 per share. Atb Cap Markets also issued estimates for Bird Construction's Q4 2024 earnings at $0.72 EPS, Q1 2025 earnings at $0.41 EPS, Q2 2025 earnings at $0.69 EPS, FY2025 earnings at $2.88 EPS, Q1 2026 earnings at $0.51 EPS, Q2 2026 earnings at $0.83 EPS, Q3 2026 earnings at $1.08 EPS and FY2026 earnings at $3.45 EPS.

A number of other brokerages also recently issued reports on BDT. ATB Capital upped their price objective on shares of Bird Construction from C$33.00 to C$35.00 in a research report on Thursday, October 10th. TD Securities increased their target price on shares of Bird Construction from C$31.00 to C$36.00 in a research report on Thursday, October 10th. BMO Capital Markets increased their target price on shares of Bird Construction from C$30.00 to C$35.00 in a research report on Thursday, October 10th. Stifel Nicolaus increased their target price on shares of Bird Construction from C$37.00 to C$38.00 in a research report on Thursday. Finally, CIBC reduced their target price on shares of Bird Construction from C$31.00 to C$29.50 in a research report on Thursday. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of C$32.44.

Bird Construction Stock Down 1.6 %

BDT stock traded down C$0.47 during trading on Friday, reaching C$29.08. The stock had a trading volume of 159,577 shares, compared to its average volume of 147,133. Bird Construction has a one year low of C$11.41 and a one year high of C$32.67. The company has a quick ratio of 1.20, a current ratio of 1.25 and a debt-to-equity ratio of 70.40. The company's 50 day moving average is C$26.23 and its two-hundred day moving average is C$24.46. The company has a market capitalization of C$1.61 billion, a price-to-earnings ratio of 18.94, a P/E/G ratio of 0.53 and a beta of 1.05.

Bird Construction (TSE:BDT - Get Free Report) last issued its quarterly earnings data 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 net margin of 2.68% and a return on equity of 26.97%. The business had revenue of C$898.94 million during the quarter, compared to the consensus estimate of C$961.37 million.

Bird Construction Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 20th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Friday, November 29th. This is an increase from Bird Construction's previous monthly dividend of $0.05. This represents a $0.84 annualized dividend and a yield of 2.89%. Bird Construction's dividend payout ratio (DPR) is 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.