FY2024 EPS Forecast for Bird Construction Lifted by Analyst

Bird Construction Inc. (TSE:BDT) – Analysts at National Bank Financial boosted their FY2024 EPS estimates for shares of Bird Construction in a research report issued on Wednesday, November 6th. National Bank Financial analyst M. Sytchev now forecasts that the company will earn $2.06 per share for the year, up from their prior estimate 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.

A number of other research firms have also recently commented on BDT. CIBC cut their price target on shares of Bird Construction from C$31.00 to C$29.50 in a research note on Thursday. TD Securities boosted their price target on shares of Bird Construction from C$31.00 to C$36.00 in a research note on Thursday, October 10th. Cibc World Mkts raised shares of Bird Construction to a “hold” rating in a research note on Friday, August 9th. BMO Capital Markets upped their price objective on shares of Bird Construction from C$30.00 to C$35.00 in a research note on Thursday, October 10th. Finally, Stifel Nicolaus upped their price objective on shares of Bird Construction from C$37.00 to C$38.00 in a research note on Thursday. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Bird Construction presently has an average rating of “Moderate Buy” and an average target price of C$32.44.

Bird Construction Price Performance

BDT stock opened at C$29.55 on Friday. The company has a debt-to-equity ratio of 70.40, a current ratio of 1.25 and a quick ratio of 1.20. Bird Construction has a one year low of C$11.41 and a one year high of C$32.67. The stock has a market cap of C$1.64 billion, a PE ratio of 18.94, a P/E/G ratio of 0.53 and a beta of 1.05. The firm has a 50 day simple moving average of C$26.23 and a two-hundred day simple moving average of C$24.46.

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

Bird Construction Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 20th will be issued a dividend of $0.07 per share. 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 yield of 2.84%. The ex-dividend date of this dividend is Friday, November 29th. Bird Construction’s dividend payout ratio is currently 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.