National Bank Financial Equities Analysts Reduce Earnings Estimates for Bird Construction Inc. (TSE:BDT)

Bird Construction Inc. (TSE:BDTGet Rating) – Investment analysts at National Bank Financial cut their Q2 2022 earnings per share (EPS) estimates for shares of Bird Construction in a research note issued on Wednesday, May 11th. National Bank Financial analyst M. Sytchev now forecasts that the company will earn $0.15 per share for the quarter, down from their prior forecast of $0.18. National Bank Financial also issued estimates for Bird Construction’s Q4 2022 earnings at $0.29 EPS and FY2022 earnings at $0.85 EPS.

A number of other analysts have also weighed in on the company. CIBC lowered their target price on Bird Construction from C$13.00 to C$12.00 and set an “outperform” rating for the company in a research note on Thursday. Raymond James set a C$13.50 price objective on shares of Bird Construction and gave the company an “outperform” rating in a research report on Thursday. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of C$12.14.

Shares of BDT opened at C$7.82 on Friday. The company has a debt-to-equity ratio of 64.91, a quick ratio of 1.19 and a current ratio of 1.21. The company has a market cap of C$419.89 million and a price-to-earnings ratio of 9.81. The stock has a fifty day moving average price of C$8.92 and a two-hundred day moving average price of C$9.48. Bird Construction has a 52-week low of C$7.61 and a 52-week high of C$10.78.

Bird Construction (TSE:BDTGet Rating) last announced its earnings results on Tuesday, March 8th. The company reported C$0.24 EPS for the quarter, topping the consensus estimate of C$0.21 by C$0.03. The business had revenue of C$597.80 million during the quarter, compared to analyst estimates of C$627.30 million.

The firm also recently declared a monthly dividend, which was paid on Wednesday, April 20th. Investors of record on Thursday, March 31st were paid a dividend of $0.032 per share. This represents a $0.38 dividend on an annualized basis and a dividend yield of 4.91%. The ex-dividend date of this dividend was Wednesday, March 30th. Bird Construction’s dividend payout ratio (DPR) is 40.47%.

Bird Construction Company Profile (Get Rating)

Bird Construction Inc operates as a general contractor in Canada. The company primarily focuses on projects in the industrial, commercial, and institutional sectors of the general contracting industry. It constructs industrial buildings, including manufacturing, processing, distribution, and warehouse facilities; undertakes structural, mechanical, piping, electrical, and instrumentation works that include off-site metal and modular fabrication; and provides insulation, metal siding and cladding, ductwork, asbestos abatement, and high voltage testing and commissioning services, as well as constructs power lines.

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Earnings History and Estimates for Bird Construction (TSE:BDT)

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