Stifel Canada Brokers Boost Earnings Estimates for TSE:BDT

Bird Construction Inc. (TSE:BDT - Free Report) - Equities research analysts at Stifel Canada raised their Q4 2024 earnings estimates for shares of Bird Construction in a report issued on Wednesday, November 6th. Stifel Canada analyst I. Gillies now expects that the company will post earnings per share of $0.72 for the quarter, up from their prior estimate of $0.65. 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 2026 earnings at $0.35 EPS, Q2 2026 earnings at $0.93 EPS, Q3 2026 earnings at $1.07 EPS and FY2026 earnings at $3.28 EPS.

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

A number of other analysts have also recently weighed in on the company. BMO Capital Markets upped their price target on Bird Construction from C$30.00 to C$35.00 in a research report on Thursday, October 10th. CIBC lowered their target price on shares of Bird Construction from C$31.00 to C$29.50 in a report on Thursday. National Bankshares increased their target price on shares of Bird Construction from C$23.00 to C$28.00 in a research report on Thursday, October 10th. ATB Capital boosted their price target on shares of Bird Construction from C$33.00 to C$35.00 in a research report on Thursday, October 10th. Finally, Stifel Nicolaus upped their price objective on shares of Bird Construction from C$37.00 to C$38.00 in a research note on Thursday. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of C$32.44.

Bird Construction Price Performance

Shares of BDT traded down C$0.47 during mid-day trading on Friday, reaching C$29.08. The company 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 company has a market capitalization of C$1.61 billion, a P/E ratio of 18.64, a P/E/G ratio of 0.53 and a beta of 1.05. Bird Construction has a twelve month low of C$11.41 and a twelve month high of C$32.67. The company's 50-day moving average is C$26.23 and its 200-day moving average is C$24.46.

Bird Construction Increases Dividend

The business also recently declared 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 represents a $0.84 dividend on an annualized basis 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 (DPR) 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.