Stifel Canada Has Negative Forecast for TSE:BDT Q3 Earnings

Bird Construction Inc. (TSE:BDT - Free Report) - Stock analysts at Stifel Canada dropped their Q3 2024 earnings per share (EPS) estimates for shares of Bird Construction in a research report issued to clients and investors on Wednesday, October 16th. Stifel Canada analyst I. Gillies now expects that the company will post earnings of $0.64 per share for the quarter, down from their previous forecast of $0.67. The consensus estimate for Bird Construction's current full-year earnings is $2.59 per share. Stifel Canada also issued estimates for Bird Construction's FY2024 earnings at $1.90 EPS.

BDT has been the subject of a number of other research reports. Cibc World Mkts raised Bird Construction to a "hold" rating in a research report on Friday, August 9th. CIBC boosted their target price on Bird Construction from C$25.50 to C$26.00 in a report on Friday, August 9th. National Bankshares raised their price target on shares of Bird Construction from C$23.00 to C$28.00 in a report on Thursday, October 10th. Raymond James boosted 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, ATB Capital raised their target price on shares of Bird Construction from C$33.00 to C$35.00 in a research note on Thursday, October 10th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of C$31.88.

Bird Construction Trading Down 1.0 %

Shares of TSE BDT traded down C$0.31 during trading on Friday, hitting C$30.11. 138,318 shares of the company traded hands, compared to its average volume of 145,031. 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 firm has a market capitalization of C$1.67 billion, a P/E ratio of 19.30, a P/E/G ratio of 0.53 and a beta of 1.05. The company has a 50-day moving average price of C$24.46 and a 200-day moving average price of C$23.30. Bird Construction has a 1 year low of C$10.06 and a 1 year high of C$32.67.

Bird Construction (TSE:BDT - Get Free Report) last released its earnings results on Wednesday, August 7th. The company reported C$0.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of C$0.38 by C$0.04. The firm had revenue of C$873.54 million during the quarter, compared to the consensus estimate of C$772.65 million. Bird Construction had a net margin of 2.68% and a return on equity of 26.97%.

Bird Construction Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, November 20th. Investors of record on Wednesday, November 20th will be paid a dividend of $0.0467 per share. This represents a $0.56 annualized dividend and a yield of 1.86%. The ex-dividend date of this dividend is Thursday, October 31st. Bird Construction's dividend payout ratio (DPR) is 35.90%.

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.