Bird Construction (BDT) Set to Announce Earnings on Tuesday

Bird Construction (TSE:BDT - Get Free Report) is scheduled to issue its quarterly earnings data after the market closes on Tuesday, November 5th. Analysts expect the company to announce earnings of C$0.68 per share for the quarter.

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

Bird Construction Stock Up 0.5 %

Shares of BDT traded up C$0.15 during mid-day trading on Tuesday, hitting C$30.63. 70,080 shares of the company's stock were exchanged, compared to its average volume of 144,644. The company has a market cap of C$1.70 billion, a price-to-earnings ratio of 19.63, a P/E/G ratio of 0.53 and a beta of 1.05. Bird Construction has a fifty-two week low of C$10.29 and a fifty-two week high of C$32.67. The company has a debt-to-equity ratio of 70.40, a quick ratio of 1.20 and a current ratio of 1.25. The stock's 50-day moving average is C$25.33 and its 200-day moving average is C$23.88.

Bird Construction Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, November 20th. Investors of record on Wednesday, November 20th will be issued a $0.0467 dividend. The ex-dividend date is Thursday, October 31st. This represents a $0.56 annualized dividend and a yield of 1.83%. Bird Construction's dividend payout ratio (DPR) is 53.85%.

Analysts Set New Price Targets

Several analysts recently weighed in on BDT shares. TD Securities raised their target price on shares of Bird Construction from C$31.00 to C$36.00 in a report on Thursday, October 10th. National Bankshares raised their target price on Bird Construction from C$23.00 to C$28.00 in a report on Thursday, October 10th. BMO Capital Markets raised their target price on Bird Construction from C$30.00 to C$35.00 in a report on Thursday, October 10th. Raymond James lifted their price target on Bird Construction from C$30.00 to C$35.00 in a research note on Thursday, October 10th. Finally, ATB Capital lifted their price target on Bird Construction from C$33.00 to C$35.00 in a 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. According to data from MarketBeat.com, Bird Construction has an average rating of "Moderate Buy" and an average target price of C$31.88.

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.