Stifel Canada Expects Weaker Earnings for Bird Construction

Bird Construction Inc. (TSE:BDT) – Stock analysts at Stifel Canada reduced their Q3 2024 earnings estimates for Bird Construction in a research report issued on Wednesday, October 16th. Stifel Canada analyst I. Gillies now forecasts that the company will post earnings of $0.64 per share for the quarter, down from their prior forecast of $0.67. The consensus estimate for Bird Construction’s current full-year earnings is $2.59 per share. Stifel Canada also issued estimates for Bird Construction’s FY2024 earnings at $1.90 EPS.

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

BDT has been the subject of a number of other research reports. BMO Capital Markets upped their price objective on shares of Bird Construction from C$30.00 to C$35.00 in a research report on Thursday, October 10th. Raymond James upped their price target on Bird Construction from C$30.00 to C$35.00 in a report on Thursday, October 10th. Cibc World Mkts raised Bird Construction to a “hold” rating in a report on Friday, August 9th. Stifel Nicolaus upped their target price on Bird Construction from C$34.00 to C$37.00 in a research note on Thursday, October 10th. Finally, National Bankshares lifted their price target on shares of Bird Construction from C$23.00 to C$28.00 in a research note on Thursday, October 10th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$31.88.

Bird Construction Stock Performance

BDT opened at C$30.11 on Friday. The firm has a fifty day moving average price of C$24.46 and a 200 day moving average price of C$23.30. Bird Construction has a 1 year low of C$10.06 and a 1 year high of C$32.67. The stock has a market cap of C$1.67 billion, a P/E ratio of 19.30, a P/E/G ratio of 0.53 and a beta of 1.05. 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 Cuts Dividend

The firm 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 $0.0467 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.86%. The ex-dividend date of this dividend is Thursday, October 31st. Bird Construction’s dividend payout ratio is currently 35.90%.

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.