National Bank Financial Weighs in on TSE:BDT FY2024 Earnings

Bird Construction Inc. (TSE:BDT - Free Report) - Stock analysts at National Bank Financial cut their FY2024 earnings per share estimates for Bird Construction in a report released on Tuesday, December 3rd. National Bank Financial analyst M. Sytchev now forecasts that the company will earn $1.99 per share for the year, down from their previous estimate of $2.06. 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 $0.68 EPS.

Bird Construction (TSE:BDT - Get Free Report) last announced its quarterly earnings results on Tuesday, November 5th. The company reported C$0.69 earnings per share (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 company had revenue of C$898.94 million during the quarter, compared to the consensus estimate of C$961.37 million.

A number of other research firms have also recently weighed in on BDT. TD Securities lifted their price target on Bird Construction from C$31.00 to C$36.00 in a report on Thursday, October 10th. Stifel Nicolaus lifted their target price on Bird Construction from C$37.00 to C$38.00 in a research note on Thursday, November 7th. BMO Capital Markets increased their price target on Bird Construction from C$30.00 to C$35.00 in a research note on Thursday, October 10th. Raymond James lifted their price objective on shares of Bird Construction from C$30.00 to C$35.00 in a research note on Thursday, October 10th. Finally, CIBC decreased their target price on shares of Bird Construction from C$31.00 to C$29.50 in a research report on Thursday, November 7th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Bird Construction presently has a consensus rating of "Moderate Buy" and an average price target of C$32.44.

Bird Construction Stock Performance

Bird Construction stock traded down C$0.09 during midday trading on Friday, reaching C$29.92. 172,600 shares of the stock traded hands, compared to its average volume of 148,148. Bird Construction has a fifty-two week low of C$12.10 and a fifty-two week high of C$32.67. The company has a current ratio of 1.25, a quick ratio of 1.20 and a debt-to-equity ratio of 70.40. The firm has a market cap of C$1.66 billion, a price-to-earnings ratio of 19.18, a PEG ratio of 0.53 and a beta of 1.05. The firm has a fifty day moving average price of C$29.20 and a two-hundred day moving average price of C$25.86.

Bird Construction Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 20th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.84 annualized dividend and a dividend yield of 2.81%. This is a boost from Bird Construction's previous monthly dividend of $0.05. 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.