Research Analysts Offer Predictions for Bird Construction Inc.’s Q4 2024 Earnings (TSE:BDT)

Bird Construction Inc. (TSE:BDT) – Research analysts at Stifel Canada upped their Q4 2024 EPS estimates for shares of Bird Construction in a note issued to investors on Thursday, August 8th. Stifel Canada analyst I. Gillies now forecasts that the company will post earnings of $0.65 per share for the quarter, up from their previous forecast of $0.63. The consensus estimate for Bird Construction’s current full-year earnings is $1.94 per share.

Bird Construction (TSE:BDT) last issued its earnings results on Wednesday, August 7th. The company reported C$0.42 earnings per share for the quarter, topping the consensus estimate of C$0.38 by C$0.04. Bird Construction had a return on equity of 25.39% and a net margin of 2.59%. The business had revenue of C$873.54 million for the quarter, compared to analyst estimates of C$772.65 million.

BDT has been the subject of a number of other research reports. National Bankshares increased their target price 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 target price on shares of Bird Construction from C$29.00 to C$30.00 in a research note on Tuesday, July 16th. CIBC upped their price target on shares of Bird Construction from C$25.50 to C$26.00 in a research report on Friday, August 9th. TD Securities raised their price objective on Bird Construction from C$30.00 to C$31.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Stifel Nicolaus upped their target price on Bird Construction from C$30.00 to C$31.00 in a research report on Friday, August 9th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Bird Construction presently has a consensus rating of “Moderate Buy” and an average target price of C$27.75.

Bird Construction Stock Performance

Bird Construction stock opened at C$22.31 on Monday. The company has a market cap of C$1.24 billion, a price-to-earnings ratio of 15.71, a price-to-earnings-growth ratio of 0.53 and a beta of 1.05. Bird Construction has a 12 month low of C$9.57 and a 12 month high of C$27.30. The company has a debt-to-equity ratio of 55.15, a current ratio of 1.25 and a quick ratio of 1.20. The stock’s 50-day moving average is C$25.33 and its 200-day moving average is C$20.97.

Bird Construction Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, August 20th. Investors of record on Tuesday, August 20th will be issued a $0.0467 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date is Wednesday, July 31st. Bird Construction’s dividend payout ratio is currently 39.44%.

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.