National Bank Financial Weighs in on TSE:BDT FY2024 Earnings

Bird Construction Inc. (TSE:BDT) – National Bank Financial raised their FY2024 EPS estimates for shares of Bird Construction in a note issued to investors on Wednesday, November 6th. National Bank Financial analyst M. Sytchev now forecasts that the company will post earnings per share of $2.06 for the year, up from their previous forecast of $1.94. The consensus estimate for Bird Construction’s current full-year earnings is $2.76 per share. National Bank Financial also issued estimates for Bird Construction’s Q4 2024 earnings at $0.75 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, beating 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 business had revenue of C$898.94 million during the quarter, compared to the consensus estimate of C$961.37 million.

Other analysts also recently issued research reports about the stock. ATB Capital raised their price objective on shares of Bird Construction from C$33.00 to C$35.00 in a research report on Thursday, October 10th. Cibc World Mkts raised Bird Construction to a “hold” rating in a research note on Friday, August 9th. Raymond James raised their price target on shares of Bird Construction from C$30.00 to C$35.00 in a research report on Thursday, October 10th. CIBC reduced their price objective on Bird Construction from C$31.00 to C$29.50 in a research note on Thursday. Finally, TD Securities raised their price target on shares of Bird Construction from C$31.00 to C$36.00 in a research note on Thursday, October 10th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$32.44.

Bird Construction Stock Performance

Shares of Bird Construction stock opened at C$29.08 on Friday. The business has a 50-day moving average price of C$26.35 and a two-hundred day moving average price of C$24.50. Bird Construction has a 1-year low of C$11.41 and a 1-year high of C$32.67. The company has a market cap of C$1.61 billion, a P/E ratio of 18.64, a PEG ratio of 0.53 and a beta of 1.05. The company has a current ratio of 1.25, a quick ratio of 1.20 and a debt-to-equity ratio of 70.40.

Bird Construction Increases Dividend

The company also recently announced 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. This represents a $0.84 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date is Friday, November 29th. This is a positive change from Bird Construction’s previous monthly dividend of $0.05. Bird Construction’s dividend payout ratio is 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.