Equities Analysts Set Expectations for Bird Construction Inc.’s Q3 2024 Earnings (TSE:BDT)

Bird Construction Inc. (TSE:BDTFree Report) – Stock analysts at Raymond James boosted their Q3 2024 earnings per share (EPS) estimates for shares of Bird Construction in a note issued to investors on Wednesday, May 15th. Raymond James analyst F. Bastien now anticipates that the company will post earnings per share of $0.71 for the quarter, up from their prior estimate of $0.70. Raymond James has a “Outperform” rating and a $20.50 price objective on the stock. The consensus estimate for Bird Construction’s current full-year earnings is $1.79 per share. Raymond James also issued estimates for Bird Construction’s Q4 2024 earnings at $0.58 EPS, FY2024 earnings at $1.90 EPS, Q1 2025 earnings at $0.26 EPS, Q2 2025 earnings at $0.49 EPS, Q3 2025 earnings at $0.81 EPS, Q4 2025 earnings at $0.68 EPS and FY2025 earnings at $2.25 EPS.

Other analysts also recently issued reports about the company. CIBC downgraded Bird Construction from an “outperform” rating to a “neutral” rating and increased their price target for the stock from C$17.00 to C$20.00 in a report on Thursday, March 7th. Canaccord Genuity Group increased their price objective on shares of Bird Construction from C$21.00 to C$23.00 and gave the company a “buy” rating in a research note on Wednesday. National Bankshares increased their price objective on shares of Bird Construction from C$15.00 to C$18.00 and gave the company a “sector perform” rating in a research note on Thursday, March 7th. TD Securities raised their price target on shares of Bird Construction from C$17.00 to C$22.00 and gave the stock a “buy” rating in a research note on Friday, March 8th. Finally, ATB Capital raised their price target on shares of Bird Construction from C$23.00 to C$25.00 and gave the stock an “outperform” rating in a research note on Wednesday. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$21.79.

Read Our Latest Stock Analysis on BDT

Bird Construction Stock Performance

Shares of Bird Construction stock opened at C$22.51 on Thursday. The company has a current ratio of 1.26, a quick ratio of 1.20 and a debt-to-equity ratio of 46.93. The business has a 50-day moving average price of C$19.06 and a two-hundred day moving average price of C$15.83. Bird Construction has a 1-year low of C$8.01 and a 1-year high of C$22.74. The company has a market cap of C$1.21 billion, a P/E ratio of 16.92, a PEG ratio of 0.53 and a beta of 1.23.

Bird Construction (TSE:BDTGet Free Report) last issued its quarterly earnings results on Tuesday, March 5th. The company reported C$0.45 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.40 by C$0.05. Bird Construction had a return on equity of 24.03% and a net margin of 2.56%. The firm had revenue of C$792.07 million during the quarter, compared to the consensus estimate of C$722.63 million.

Bird Construction Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, May 17th will be paid a $0.0467 dividend. The ex-dividend date of this dividend is Monday, April 29th. This is an increase from Bird Construction’s previous monthly dividend of $0.04. This represents a $0.56 annualized dividend and a yield of 2.49%. Bird Construction’s payout ratio is currently 42.11%.

Bird Construction Company Profile

(Get Free Report)

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.

Further Reading

Earnings History and Estimates for Bird Construction (TSE:BDT)

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