TSE:BDT FY2024 EPS Forecast Cut by National Bank Financial

Bird Construction Inc. (TSE:BDT) – Investment analysts at National Bank Financial reduced their FY2024 earnings estimates for Bird Construction in a research report issued to clients and investors on Tuesday, December 3rd. National Bank Financial analyst M. Sytchev now expects that the company will earn $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.

Other equities analysts have also issued research reports about the stock. CIBC lowered their price target on shares of Bird Construction from C$31.00 to C$29.50 in a research report on Thursday, November 7th. BMO Capital Markets boosted their target price on shares of Bird Construction from C$30.00 to C$35.00 in a research note on Thursday, October 10th. Raymond James raised their price target on shares of Bird Construction from C$30.00 to C$35.00 in a research note on Thursday, October 10th. Stifel Nicolaus boosted their price objective on Bird Construction from C$37.00 to C$38.00 in a research report on Thursday, November 7th. Finally, Cibc World Mkts raised Bird Construction to a “hold” rating in a report on Friday, August 9th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Bird Construction currently has a consensus rating of “Moderate Buy” and an average target price of C$32.44.

Bird Construction Price Performance

Shares of BDT opened at C$29.92 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. The company has a market cap of C$1.66 billion, a P/E ratio of 19.18, a PEG ratio of 0.53 and a beta of 1.05. Bird Construction has a 12 month low of C$12.10 and a 12 month high of C$32.67. The stock has a fifty day moving average price of C$29.20 and a 200 day moving average price of C$25.86.

Bird Construction (TSE:BDT) last released its quarterly earnings data on Tuesday, November 5th. The company reported C$0.69 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of C$898.94 million for the quarter, compared to analyst estimates of C$961.37 million.

Bird Construction Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 20th will be given a dividend of $0.07 per share. 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 dividend yield of 2.81%. Bird Construction’s dividend payout ratio (DPR) is 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.