TSE:BDT FY2024 EPS Decreased by National Bank Financial

Bird Construction Inc. (TSE:BDTFree Report) – Equities research analysts at National Bank Financial lowered their FY2024 earnings estimates for shares of Bird Construction in a report released on Tuesday, December 3rd. National Bank Financial analyst M. Sytchev now forecasts that the company will post earnings of $1.99 per share for the year, down from their prior estimate of $2.06. 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 $0.68 EPS.

Bird Construction (TSE:BDTGet Free Report) last issued its quarterly earnings results on Tuesday, November 5th. The company reported C$0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.67 by C$0.02. The company 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 research analysts have also weighed in on the company. ATB Capital raised their price objective on Bird Construction from C$33.00 to C$35.00 in a research report on Thursday, October 10th. BMO Capital Markets lifted their price target on Bird Construction from C$30.00 to C$35.00 in a research report on Thursday, October 10th. Stifel Nicolaus upped their price target on shares of Bird Construction from C$37.00 to C$38.00 in a research note on Thursday, November 7th. National Bankshares raised their price objective on shares of Bird Construction from C$23.00 to C$28.00 in a research note on Thursday, October 10th. Finally, CIBC dropped their target price on shares of Bird Construction from C$31.00 to C$29.50 in a research note on Thursday, November 7th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$32.44.

Read Our Latest Stock Report on BDT

Bird Construction Price Performance

BDT stock opened at C$29.92 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 firm has a 50 day moving average price of C$29.20 and a 200-day moving average price of C$25.86. Bird Construction has a 52-week low of C$12.10 and a 52-week high of C$32.67. The firm has a market capitalization of C$1.66 billion, a price-to-earnings ratio of 19.18, a PEG ratio of 0.53 and a beta of 1.05.

Bird Construction Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 20th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Friday, November 29th. 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 2.81%. Bird Construction’s payout ratio is currently 53.85%.

Bird Construction Company Profile

(Get Free Report)

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.

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Earnings History and Estimates for Bird Construction (TSE:BDT)

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