TSE:BDT FY2024 EPS Raised by National Bank Financial

Bird Construction Inc. (TSE:BDT) – Equities research analysts at National Bank Financial boosted their FY2024 EPS estimates for Bird Construction in a report issued on Wednesday, November 6th. National Bank Financial analyst M. Sytchev now forecasts that the company will post earnings of $2.06 per share for the year, up from their previous forecast of $1.94. The consensus estimate for Bird Construction’s current full-year earnings is $2.76 per share. National Bank Financial also issued estimates for Bird Construction’s Q4 2024 earnings at $0.75 EPS.

Bird Construction (TSE:BDT) last announced its quarterly earnings results on Tuesday, November 5th. The company reported C$0.69 earnings per share for the quarter, beating the consensus estimate of C$0.67 by C$0.02. The business had revenue of C$898.94 million during the quarter, compared to analysts’ expectations of C$961.37 million. Bird Construction had a net margin of 2.68% and a return on equity of 26.97%.

A number of other brokerages have also weighed in on BDT. Raymond James lifted their target price on shares of Bird Construction from C$30.00 to C$35.00 in a research note on Thursday, October 10th. Stifel Nicolaus raised their price target on Bird Construction from C$37.00 to C$38.00 in a report on Thursday. CIBC lowered their price objective on Bird Construction from C$31.00 to C$29.50 in a research report on Thursday. BMO Capital Markets upped their target price on shares of Bird Construction from C$30.00 to C$35.00 in a research note on Thursday, October 10th. Finally, Cibc World Mkts upgraded Bird Construction to a “hold” rating in a research note on Friday, August 9th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Bird Construction presently has a consensus rating of “Moderate Buy” and a consensus target price of C$32.44.

Bird Construction Price Performance

Shares of BDT stock opened at C$29.08 on Friday. 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 business’s 50 day moving average price is C$26.35 and its 200-day moving average price is C$24.50. The firm has a market cap of C$1.61 billion, a P/E ratio of 18.64, a P/E/G ratio of 0.53 and a beta of 1.05. Bird Construction has a fifty-two week low of C$11.41 and a fifty-two week high of C$32.67.

Bird Construction Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 20th will be given a $0.07 dividend. This is a positive change from Bird Construction’s previous monthly dividend of $0.05. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date of this dividend is Friday, November 29th. Bird Construction’s dividend payout ratio is presently 53.85%.

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.