Raymond James Brokers Reduce Earnings Estimates for TSE:BDT

Bird Construction Inc. (TSE:BDT) – Analysts at Raymond James dropped their Q4 2024 earnings estimates for Bird Construction in a report released on Wednesday, November 6th. Raymond James analyst F. Bastien now anticipates that the company will earn $0.66 per share for the quarter, down from their prior forecast of $0.71. The consensus estimate for Bird Construction’s current full-year earnings is $2.76 per share. Raymond James also issued estimates for Bird Construction’s Q3 2025 earnings at $0.91 EPS, Q1 2026 earnings at $0.51 EPS, Q2 2026 earnings at $0.81 EPS and Q3 2026 earnings at $1.09 EPS.

A number of other brokerages also recently issued reports on BDT. Cibc World Mkts upgraded Bird Construction to a “hold” rating in a research report on Friday, August 9th. 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. Stifel Nicolaus raised their price target on shares of Bird Construction from C$37.00 to C$38.00 in a research report on Thursday. TD Securities upped their price objective on shares of Bird Construction from C$31.00 to C$36.00 in a research report on Thursday, October 10th. Finally, National Bankshares increased their target price on shares of Bird Construction from C$23.00 to C$28.00 in a research note on Thursday, October 10th. Three equities 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.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$32.44.

Bird Construction Stock Up 4.2 %

Shares of BDT opened at C$29.55 on Thursday. The stock’s 50-day moving average price is C$26.23 and its 200-day moving average price is C$24.46. 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 market capitalization of C$1.64 billion, a price-to-earnings ratio of 18.94, a PEG ratio of 0.53 and a beta of 1.05. Bird Construction has a 52 week low of C$11.41 and a 52 week high of C$32.67.

Bird Construction (TSE:BDT) last announced its quarterly earnings results 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. The company had revenue of C$898.94 million for the quarter, compared to the consensus estimate of C$961.37 million. Bird Construction had a return on equity of 26.97% and a net margin of 2.68%.

Bird Construction Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, December 20th. Stockholders 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 dividend yield of 2.84%. Bird Construction’s dividend payout ratio (DPR) 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.