FY2024 Earnings Forecast for TSE:BDT Issued By Stifel Canada

Bird Construction Inc. (TSE:BDT) – Analysts at Stifel Canada cut their FY2024 earnings per share estimates for shares of Bird Construction in a research note issued on Wednesday, December 11th. Stifel Canada analyst I. Gillies now anticipates that the company will earn $1.97 per share for the year, down from their previous estimate of $2.05. The consensus estimate for Bird Construction’s current full-year earnings is $2.76 per share. Stifel Canada also issued estimates for Bird Construction’s FY2025 earnings at $2.72 EPS and FY2026 earnings at $3.24 EPS.

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

A number of other equities analysts have also weighed in on BDT. National Bankshares boosted their price objective on shares of Bird Construction from C$23.00 to C$28.00 in a report on Thursday, October 10th. Raymond James boosted their price objective on shares of Bird Construction from C$30.00 to C$35.00 in a report on Thursday, October 10th. Stifel Nicolaus lifted their price objective on Bird Construction from C$37.00 to C$38.00 in a report on Thursday, November 7th. CIBC upped their target price on shares of Bird Construction from C$29.50 to C$34.00 in a report on Friday, December 13th. Finally, BMO Capital Markets upped their price target on Bird Construction from C$30.00 to C$35.00 in a research report on Thursday, October 10th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$33.00.

Bird Construction Price Performance

Shares of TSE:BDT opened at C$26.98 on Monday. Bird Construction has a 1-year low of C$13.25 and a 1-year high of C$32.67. The business has a fifty day moving average price of C$29.66 and a 200-day moving average price of C$26.17. The company has a market capitalization of C$1.49 billion, a PE ratio of 17.29, a PEG ratio of 0.53 and a beta of 1.05. The company has a debt-to-equity ratio of 70.40, a current ratio of 1.25 and a quick ratio of 1.20.

Bird Construction Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 20th will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.84 dividend on an annualized basis and a yield of 3.11%. This is a boost from Bird Construction’s previous monthly dividend of $0.05. 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.