Atb Cap Markets Weighs in on Bird Construction Inc.’s Q3 2024 Earnings (TSE:BDT)

Bird Construction Inc. (TSE:BDT) – Equities researchers at Atb Cap Markets issued their Q3 2024 earnings estimates for Bird Construction in a report released on Tuesday, June 11th. Atb Cap Markets analyst C. Murray expects that the company will post earnings per share of $0.67 for the quarter. The consensus estimate for Bird Construction’s current full-year earnings is $1.84 per share. Atb Cap Markets also issued estimates for Bird Construction’s Q4 2024 earnings at $0.70 EPS, FY2024 earnings at $1.88 EPS, Q1 2025 earnings at $0.26 EPS, Q2 2025 earnings at $0.46 EPS, Q3 2025 earnings at $0.80 EPS, Q4 2025 earnings at $0.83 EPS and FY2025 earnings at $2.35 EPS.

Several other analysts also recently issued reports on the stock. Raymond James increased their price objective on shares of Bird Construction from C$20.50 to C$25.00 and gave the company an “outperform” rating in a research report on Thursday, May 16th. National Bankshares raised their price target on shares of Bird Construction from C$21.00 to C$23.00 and gave the stock a “sector perform” rating in a research report on Tuesday, June 11th. BMO Capital Markets raised their price target on shares of Bird Construction from C$25.00 to C$29.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 11th. Canaccord Genuity Group raised their price target on shares of Bird Construction from C$21.00 to C$23.00 and gave the stock a “buy” rating in a research report on Wednesday, May 15th. Finally, ATB Capital raised their price target on shares of Bird Construction from C$25.00 to C$29.00 and gave the stock an “outperform” rating in a research report on Wednesday. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$26.78.

Bird Construction Stock Down 1.2 %

Shares of TSE:BDT opened at C$25.91 on Friday. The company has a quick ratio of 1.20, a current ratio of 1.26 and a debt-to-equity ratio of 46.93. Bird Construction has a 52-week low of C$8.01 and a 52-week high of C$26.32. The company has a 50 day moving average of C$20.78 and a two-hundred day moving average of C$17.52. The company has a market capitalization of C$1.40 billion, a price-to-earnings ratio of 19.48, a price-to-earnings-growth ratio of 0.53 and a beta of 1.22.

Bird Construction (TSE:BDT) last issued its quarterly earnings data on Tuesday, May 14th. The company reported C$0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.17 by C$0.03. Bird Construction had a net margin of 2.56% and a return on equity of 24.03%. The company had revenue of C$688.20 million during the quarter, compared to the consensus estimate of C$594.63 million.

Bird Construction Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, June 20th. Investors of record on Friday, May 31st will be paid a dividend of $0.047 per share. The ex-dividend date of this dividend is Friday, May 31st. This is a boost from Bird Construction’s previous monthly dividend of $0.05. This represents a $0.56 annualized dividend and a yield of 2.18%. Bird Construction’s dividend payout ratio (DPR) is 42.11%.

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.