FY2024 EPS Estimate for Bird Construction Reduced by Analyst

Bird Construction Inc. (TSE:BDT) – Stifel Canada dropped their FY2024 EPS estimates for shares of Bird Construction in a report released on Wednesday, December 11th. Stifel Canada analyst I. Gillies now forecasts that the company will post earnings per share of $1.97 for the year, down from their previous forecast of $2.05. The consensus estimate for Bird Construction’s current full-year earnings is $2.76 per share. Stifel Canada also issued estimates for Bird Construction’s FY2025 earnings at $2.72 EPS and FY2026 earnings at $3.24 EPS.

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

Several other research firms have also commented on BDT. ATB Capital increased their price target on shares of Bird Construction from C$33.00 to C$35.00 in a research report on Thursday, October 10th. TD Securities lifted their target price on shares of Bird Construction from C$31.00 to C$36.00 in a report on Thursday, October 10th. Stifel Nicolaus increased their price objective on shares of Bird Construction from C$37.00 to C$38.00 in a research note on Thursday, November 7th. Raymond James lifted their price target on Bird Construction from C$30.00 to C$35.00 in a report on Thursday, October 10th. Finally, BMO Capital Markets upped their price target on shares of Bird Construction from C$30.00 to C$35.00 in a research note on Thursday, October 10th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of C$33.00.

Bird Construction Stock Performance

BDT opened at C$27.49 on Monday. 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 stock has a market cap of C$1.52 billion, a P/E ratio of 17.62, a P/E/G ratio of 0.53 and a beta of 1.05. Bird Construction has a 1-year low of C$13.25 and a 1-year high of C$32.67. The stock’s 50 day simple moving average is C$29.64 and its 200 day simple moving average is C$26.13.

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 issued a dividend of $0.07 per share. This is a boost from Bird Construction’s previous monthly dividend of $0.05. This represents a $0.84 annualized dividend and a dividend yield of 3.06%. The ex-dividend date is Friday, November 29th. Bird Construction’s 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.