Bird Construction (BDT) Set to Announce Quarterly Earnings on Tuesday

Bird Construction (TSE:BDT - Get Free Report) is scheduled to post its quarterly earnings results after the market closes on Tuesday, May 14th. Analysts expect Bird Construction to post earnings of C$0.15 per share for the quarter.

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

Bird Construction Stock Down 1.5 %

Shares of Bird Construction stock traded down C$0.30 during trading on Tuesday, hitting C$19.92. 52,958 shares of the stock were exchanged, compared to its average volume of 131,708. 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 firm's 50-day moving average price is C$18.62 and its 200 day moving average price is C$15.36. The stock has a market cap of C$1.07 billion, a price-to-earnings ratio of 15.20, a price-to-earnings-growth ratio of 0.53 and a beta of 1.23. Bird Construction has a 12-month low of C$8.01 and a 12-month high of C$20.28.

Bird Construction Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, May 17th will be paid a $0.0467 dividend. The ex-dividend date is Monday, April 29th. This is a boost from Bird Construction's previous monthly dividend of $0.04. This represents a $0.56 dividend on an annualized basis and a yield of 2.81%. Bird Construction's dividend payout ratio (DPR) is currently 42.11%.

Wall Street Analyst Weigh In

BDT has been the topic of several research analyst reports. Canaccord Genuity Group raised their target price on Bird Construction from C$16.00 to C$21.00 and gave the stock a "neutral" rating in a research report on Thursday, March 7th. Raymond James upped their target price on shares of Bird Construction from C$18.50 to C$20.50 and gave the company an "outperform" rating in a report on Wednesday, March 6th. TD Securities lifted their price target on shares of Bird Construction from C$17.00 to C$22.00 and gave the stock a "buy" rating in a research note on Friday, March 8th. CIBC cut shares of Bird Construction from an "outperform" rating to a "neutral" rating and lifted their target price for the company from C$17.00 to C$20.00 in a report on Thursday, March 7th. Finally, National Bankshares increased their price target on shares of Bird Construction from C$15.00 to C$18.00 and gave the stock a "sector perform" rating in a research note on Thursday, March 7th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of C$21.21.

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.