Bird Construction Inc. (TSE:BDT) Expected to Earn FY2023 Earnings of $0.99 Per Share

Bird Construction Inc. (TSE:BDT – Get Rating) – Investment analysts at National Bank Financial raised their FY2023 earnings per share (EPS) estimates for shares of Bird Construction in a report issued on Wednesday, May 11th. National Bank Financial analyst M. Sytchev now expects that the company will post earnings of $0.99 per share for the year, up from their prior forecast of $0.96.

Bird Construction (TSE:BDT – Get Rating) last released its quarterly earnings data on Tuesday, March 8th. The company reported C$0.24 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.21 by C$0.03. The firm had revenue of C$597.80 million during the quarter, compared to analyst estimates of C$627.30 million.

BDT has been the subject of several other research reports. CIBC reduced their price objective on shares of Bird Construction from C$13.00 to C$12.00 and set an “outperform” rating for the company in a research report 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. Finally, TD Securities decreased their target price on shares of Bird Construction from C$12.50 to C$10.50 and set a “buy” rating for the company in a report on Friday. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of C$11.92.

TSE:BDT opened at C$7.90 on Monday. Bird Construction has a twelve month low of C$7.61 and a twelve month high of C$10.78. The company has a current ratio of 1.21, a quick ratio of 1.19 and a debt-to-equity ratio of 64.91. The company has a 50-day moving average of C$8.87 and a 200-day moving average of C$9.43. The firm has a market cap of C$424.19 million and a price-to-earnings ratio of 9.84.

The business also recently declared a monthly dividend, which was paid on Wednesday, April 20th. Investors of record on Thursday, March 31st were issued a dividend of $0.032 per share. This represents a $0.38 annualized dividend and a dividend yield of 4.86%. The ex-dividend date was Wednesday, March 30th. Bird Construction’s dividend payout ratio is currently 40.47%.

About Bird Construction (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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