Analysts Issue Forecasts for TSE:BDT FY2024 Earnings

Bird Construction Inc. (TSE:BDT - Free Report) - Investment analysts at National Bank Financial boosted their FY2024 earnings estimates for Bird Construction in a report issued on Wednesday, November 6th. National Bank Financial analyst M. Sytchev now expects that the company will post earnings of $2.06 per share for the year, up from their previous forecast of $1.94. The consensus estimate for Bird Construction's current full-year earnings is $2.76 per share. National Bank Financial also issued estimates for Bird Construction's Q4 2024 earnings at $0.75 EPS.

A number of other brokerages have also recently commented on BDT. TD Securities upped their price target on shares of Bird Construction from C$31.00 to C$36.00 in a research report on Thursday, October 10th. Cibc World Mkts raised shares of Bird Construction to a "hold" rating in a research report on Friday, August 9th. BMO Capital Markets upped their price target on shares of Bird Construction from C$30.00 to C$35.00 in a research report on Thursday, October 10th. Stifel Nicolaus upped their price target on shares of Bird Construction from C$37.00 to C$38.00 in a research report on Thursday. Finally, ATB Capital upped their price target on shares of Bird Construction from C$33.00 to C$35.00 in a research report on Thursday, October 10th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of C$32.44.

Bird Construction Trading Down 1.6 %

Shares of Bird Construction stock traded down C$0.47 during trading on Friday, hitting C$29.08. The company's stock had a trading volume of 159,577 shares, compared to its average volume of 147,133. The company has a debt-to-equity ratio of 70.40, a current ratio of 1.25 and a quick ratio of 1.20. The stock has a market cap of C$1.61 billion, a price-to-earnings ratio of 18.94, a price-to-earnings-growth ratio of 0.53 and a beta of 1.05. The stock has a 50-day moving average price of C$26.23 and a two-hundred day moving average price of C$24.46. Bird Construction has a 52 week low of C$11.41 and a 52 week high of C$32.67.

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 for the quarter, topping 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 company had revenue of C$898.94 million for the quarter, compared to analysts' expectations of C$961.37 million.

Bird Construction Increases Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.84 annualized dividend and a dividend yield of 2.89%. This is a positive change from Bird Construction's previous monthly dividend of $0.05. Bird Construction's dividend payout ratio is currently 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.