Q3 2024 EPS Estimates for Bird Construction Inc. Lifted by Analyst (TSE:BDT)

Bird Construction Inc. (TSE:BDT - Free Report) - Research analysts at Atb Cap Markets increased their Q3 2024 earnings per share estimates for shares of Bird Construction in a research report issued on Tuesday, May 14th. Atb Cap Markets analyst C. Murray now anticipates that the company will post earnings per share of $0.61 for the quarter, up from their prior estimate of $0.58. The consensus estimate for Bird Construction's current full-year earnings is $1.79 per share. Atb Cap Markets also issued estimates for Bird Construction's Q3 2025 earnings at $0.74 EPS.

Other analysts also recently issued reports about the company. Canaccord Genuity Group raised their price objective on Bird Construction from C$21.00 to C$23.00 and gave the stock a "buy" rating in a research report on Wednesday. CIBC raised their price objective on Bird Construction from C$20.00 to C$22.00 and gave the stock a "neutral" rating in a research report on Thursday. Stifel Nicolaus raised their price objective on Bird Construction from C$24.00 to C$25.00 and gave the stock a "buy" rating in a research report on Thursday. Raymond James raised their price objective on Bird Construction from C$20.50 to C$25.00 and gave the stock an "outperform" rating in a research report on Thursday. Finally, ATB Capital raised their price objective on Bird Construction from C$23.00 to C$25.00 and gave the stock an "outperform" rating in a research report on Wednesday. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of C$23.71.

Bird Construction Trading Down 2.0 %

Shares of TSE:BDT traded down C$0.43 during midday trading on Friday, reaching C$21.11. 122,986 shares of the company's stock were exchanged, compared to its average volume of 130,614. The firm's 50 day simple moving average is C$19.18 and its two-hundred day simple moving average is C$15.95. The company has a debt-to-equity ratio of 46.93, a current ratio of 1.26 and a quick ratio of 1.20. The stock has a market cap of C$1.14 billion, a price-to-earnings ratio of 15.87, a P/E/G ratio of 0.53 and a beta of 1.23. Bird Construction has a fifty-two week low of C$8.01 and a fifty-two week high of C$22.74.

Bird Construction (TSE:BDT - Get Free Report) last posted its quarterly earnings results on Tuesday, March 5th. The company reported C$0.45 EPS for the quarter, topping the consensus estimate of C$0.40 by C$0.05. Bird Construction had a return on equity of 24.03% and a net margin of 2.56%. The business had revenue of C$792.07 million for the quarter, compared to analyst estimates of C$722.63 million.

Bird Construction Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Friday, May 31st will be given a $0.047 dividend. This is an increase from Bird Construction's previous monthly dividend of $0.05. This represents a $0.56 annualized dividend and a yield of 2.67%. The ex-dividend date of this dividend is Friday, May 31st. Bird Construction's payout ratio is currently 42.11%.

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.