Bird Construction (BDT) to Release Earnings on Tuesday

Bird Construction (TSE:BDT) is set to post its quarterly earnings results after the market closes on Tuesday, November 5th. Analysts expect Bird Construction to post earnings of C$0.68 per share for the quarter.

Bird Construction (TSE:BDT) last announced its earnings results on Wednesday, August 7th. The company reported C$0.42 EPS for the quarter, beating analysts’ consensus estimates of C$0.38 by C$0.04. Bird Construction had a net margin of 2.68% and a return on equity of 26.97%. The business had revenue of C$873.54 million during the quarter, compared to analysts’ expectations of C$772.65 million.

Bird Construction Price Performance

Shares of TSE:BDT opened at C$30.94 on Monday. Bird Construction has a one year low of C$10.72 and a one year 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 company has a 50-day simple moving average of C$25.72 and a 200-day simple moving average of C$24.10. The stock has a market capitalization of C$1.71 billion, a price-to-earnings ratio of 19.83, a PEG ratio of 0.53 and a beta of 1.05.

Bird Construction Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 20th will be paid a dividend of $0.0467 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.81%. Bird Construction’s dividend payout ratio (DPR) is 53.85%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. BMO Capital Markets boosted their price target on shares of Bird Construction from C$30.00 to C$35.00 in a research note on Thursday, October 10th. ATB Capital upped their target price on shares of Bird Construction from C$33.00 to C$35.00 in a research report on Thursday, October 10th. Stifel Nicolaus upped their target price on shares of Bird Construction from C$34.00 to C$37.00 in a research report on Thursday, October 10th. Raymond James increased their price target on shares of Bird Construction from C$30.00 to C$35.00 in a research report on Thursday, October 10th. Finally, CIBC increased their price target on shares of Bird Construction from C$25.50 to C$26.00 in a research report on Friday, August 9th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Bird Construction currently has a consensus rating of “Moderate Buy” and a consensus price target of C$31.88.

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.