National Bank Financial Analysts Lift Earnings Estimates for Bird Construction Inc. (TSE:BDT)

Bird Construction Inc. (TSE:BDT - Free Report) - Investment analysts at National Bank Financial lifted their FY2025 earnings per share estimates for Bird Construction in a research note issued to investors on Wednesday, May 15th. National Bank Financial analyst M. Sytchev now anticipates that the company will earn $2.34 per share for the year, up from their previous forecast of $2.02. The consensus estimate for Bird Construction's current full-year earnings is $1.79 per share.

Bird Construction (TSE:BDT - Get Free Report) last posted its quarterly earnings data on Tuesday, March 5th. The company reported C$0.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of C$722.63 million.

A number of other research analysts have also recently weighed in on BDT. ATB Capital lifted their price objective on Bird Construction from C$23.00 to C$25.00 and gave the company an "outperform" rating in a research report on Wednesday, May 15th. Stifel Nicolaus boosted their target price on Bird Construction from C$24.00 to C$25.00 and gave the company a "buy" rating in a research report on Thursday. TD Securities boosted their price objective on Bird Construction from C$22.00 to C$25.00 and gave the company a "buy" rating in a report on Friday. National Bankshares boosted their price objective on Bird Construction from C$18.00 to C$21.00 and gave the company a "sector perform" rating in a report on Thursday. Finally, CIBC boosted their price objective on Bird Construction from C$20.00 to C$22.00 and gave the company a "neutral" rating in a report on Thursday. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of C$23.71.

Bird Construction Stock Performance

TSE:BDT traded down C$0.43 on Monday, hitting C$21.11. The stock had a trading volume of 123,639 shares, compared to its average volume of 130,614. The stock has a market cap of C$1.14 billion, a price-to-earnings ratio of 15.87, a price-to-earnings-growth ratio of 0.53 and a beta of 1.23. The company has a quick ratio of 1.20, a current ratio of 1.26 and a debt-to-equity ratio of 46.93. The business's 50-day simple moving average is C$19.18 and its two-hundred day simple moving average is C$16.02. Bird Construction has a 52-week low of C$8.01 and a 52-week high of C$22.74.

Bird Construction Increases Dividend

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