Bird Construction (TSE:BDT) Releases Earnings Results

Bird Construction (TSE:BDT) announced its earnings results on Wednesday. The company reported C$1.13 earnings per share for the quarter, FiscalAI reports. The firm had revenue of C$1.30 billion for the quarter. Bird Construction had a return on equity of 13.41% and a net margin of 1.63%.

Bird Construction Trading Up 5.6%

Shares of BDT stock opened at C$76.89 on Thursday. The company has a quick ratio of 1.20, a current ratio of 1.32 and a debt-to-equity ratio of 93.81. The business has a 50-day moving average price of C$75.93 and a two-hundred day moving average price of C$57.96. Bird Construction has a 12-month low of C$23.56 and a 12-month high of C$86.50. The firm has a market cap of C$4.26 billion, a P/E ratio of 71.86, a price-to-earnings-growth ratio of 0.53 and a beta of -0.01.

Bird Construction Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 20th. Stockholders of record on Friday, November 20th will be given a dividend of $0.07 per share. The ex-dividend date is Friday, October 30th. This represents a $0.84 annualized dividend and a dividend yield of 1.1%. Bird Construction’s dividend payout ratio (DPR) is 78.50%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on BDT. BMO Capital Markets increased their price target on Bird Construction from C$75.00 to C$85.00 in a research report on Thursday, August 13th. Canadian Imperial Bank of Commerce boosted their price objective on Bird Construction from C$83.00 to C$87.00 in a research report on Thursday, October 29th. Canaccord Genuity Group downgraded Bird Construction from a “buy” rating to a “hold” rating and set a C$83.00 price objective for the company. in a research note on Thursday, October 15th. Stifel Nicolaus raised their target price on Bird Construction from C$85.00 to C$87.00 and gave the company a “buy” rating in a research report on Friday, August 14th. Finally, National Bank Financial raised their target price on Bird Construction from C$72.00 to C$92.00 and gave the company an “outperform” rating in a research report on Friday, August 14th. Eight investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$76.00.

About Bird Construction

Bird Construction Inc operates as a general contractor in the Canadian construction market. The company focuses primarily on projects in the industrial, commercial and institutional sectors of the general contracting industry. It provides construction services such as new construction for industrial, commercial, and institutional markets; industrial maintenance, repair and operations (MRO) services, heavy civil construction and contract surface mining; as well as vertical infrastructure including, electrical, mechanical, and specialty trades.