FY2024 Earnings Forecast for TSE:BDT Issued By Stifel Canada

Bird Construction Inc. (TSE:BDT) – Equities research analysts at Stifel Canada reduced their FY2024 earnings per share estimates for shares of Bird Construction in a research report issued on Wednesday, December 11th. Stifel Canada analyst I. Gillies now anticipates that the company will earn $1.97 per share for the year, down from their previous estimate of $2.05. The consensus estimate for Bird Construction’s current full-year earnings is $2.76 per share. Stifel Canada also issued estimates for Bird Construction’s FY2025 earnings at $2.72 EPS and FY2026 earnings at $3.24 EPS.

Bird Construction (TSE:BDT) last announced its earnings results on Tuesday, November 5th. The company reported C$0.69 EPS for the quarter, beating analysts’ consensus estimates of C$0.67 by C$0.02. The business had revenue of C$898.94 million for 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%.

Several other equities research analysts have also commented on the company. National Bankshares boosted their price target on Bird Construction from C$23.00 to C$28.00 in a research note on Thursday, October 10th. Stifel Nicolaus raised their price target on shares of Bird Construction from C$37.00 to C$38.00 in a research note on Thursday, November 7th. ATB Capital raised their price objective on Bird Construction from C$33.00 to C$35.00 in a report on Thursday, October 10th. BMO Capital Markets boosted their target price on shares of Bird Construction from C$30.00 to C$35.00 in a report on Thursday, October 10th. Finally, CIBC boosted their price target on Bird Construction from C$29.50 to C$34.00 in a research report on Friday. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Bird Construction currently has an average rating of “Moderate Buy” and an average target price of C$33.00.

Bird Construction Price Performance

Shares of TSE:BDT opened at C$27.55 on Monday. The company has a quick ratio of 1.20, a current ratio of 1.25 and a debt-to-equity ratio of 70.40. The company has a 50-day moving average price of C$29.59 and a 200 day moving average price of C$26.09. The company has a market cap of C$1.53 billion, a P/E ratio of 17.66, a PEG ratio of 0.53 and a beta of 1.05. Bird Construction has a 52 week low of C$13.25 and a 52 week high of C$32.67.

Bird Construction Increases Dividend

The firm 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. The ex-dividend date is Friday, November 29th. This represents a $0.84 annualized dividend and a yield of 3.05%. Bird Construction’s payout ratio is 53.85%.

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.