FY2024 EPS Estimates for TSE:BDT Boosted by Atb Cap Markets

Bird Construction Inc. (TSE:BDT) – Research analysts at Atb Cap Markets increased their FY2024 earnings per share estimates for shares of Bird Construction in a research report issued on Wednesday, November 6th. Atb Cap Markets analyst C. Murray now anticipates that the company will post earnings per share of $2.04 for the year, up from their prior estimate of $2.03. The consensus estimate for Bird Construction’s current full-year earnings is $2.76 per share. Atb Cap Markets also issued estimates for Bird Construction’s Q4 2024 earnings at $0.72 EPS, Q1 2025 earnings at $0.41 EPS, Q2 2025 earnings at $0.69 EPS, FY2025 earnings at $2.88 EPS, Q1 2026 earnings at $0.51 EPS, Q2 2026 earnings at $0.83 EPS, Q3 2026 earnings at $1.08 EPS and FY2026 earnings at $3.45 EPS.

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

A number of other brokerages also recently issued reports on BDT. Cibc World Mkts raised Bird Construction to a “hold” rating in a research report on Friday, August 9th. TD Securities lifted their target price on Bird Construction from C$31.00 to C$36.00 in a research report on Thursday, October 10th. National Bankshares lifted their target price on Bird Construction from C$23.00 to C$28.00 in a research report on Thursday, October 10th. ATB Capital lifted their target price on Bird Construction from C$33.00 to C$35.00 in a research report on Thursday, October 10th. Finally, Raymond James lifted their target price on Bird Construction from C$30.00 to C$35.00 in a research report on Thursday, October 10th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$32.44.

Bird Construction Stock Up 4.2 %

TSE BDT opened at C$29.55 on Friday. Bird Construction has a 52 week low of C$11.41 and a 52 week high of C$32.67. The company has a quick ratio of 1.20, a current ratio of 1.25 and a debt-to-equity ratio of 70.40. The business’s fifty day simple moving average is C$26.23 and its 200-day simple moving average is C$24.46. The firm has a market cap of C$1.64 billion, a PE ratio of 18.94, a P/E/G ratio of 0.53 and a beta of 1.05.

Bird Construction Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 20th will be paid a dividend of $0.07 per share. This is a boost from Bird Construction’s previous monthly dividend of $0.05. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.84 annualized dividend and a yield of 2.84%. Bird Construction’s payout ratio is presently 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.