Bird Construction (TSE:BDT) Posts Quarterly Earnings Results

Bird Construction (TSE:BDT) issued its quarterly earnings data on Wednesday. The company reported C$1.13 earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of C$1.30 billion during the quarter. Bird Construction had a net margin of 1.63% and a return on equity of 13.41%.

Bird Construction Stock Performance

Shares of BDT traded up C$4.09 during mid-day trading on Wednesday, reaching C$76.89. The company’s stock had a trading volume of 482,600 shares, compared to its average volume of 308,442. The company has a current ratio of 1.32, a quick ratio of 1.20 and a debt-to-equity ratio of 93.81. Bird Construction has a 1-year low of C$23.56 and a 1-year high of C$86.50. The business has a 50-day simple moving average of C$75.69 and a two-hundred day simple moving average of C$57.72. The stock has a market cap of C$4.26 billion, a P/E ratio of 71.86, a PEG ratio of 0.53 and a beta of -0.01.

Bird Construction Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 20th. Stockholders of record on Friday, November 20th will be given a $0.07 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, October 30th. Bird Construction’s dividend payout ratio (DPR) is presently 78.50%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on BDT shares. Canaccord Genuity Group lowered Bird Construction from a “buy” rating to a “hold” rating and set a C$83.00 price target on the stock. in a report on Thursday, October 15th. BMO Capital Markets boosted their target price on Bird Construction from C$75.00 to C$85.00 in a research note on Thursday, August 13th. Stifel Nicolaus raised their price target on shares of Bird Construction from C$85.00 to C$87.00 and gave the stock a “buy” rating in a research note on Friday, August 14th. Canadian Imperial Bank of Commerce lifted their price objective on shares of Bird Construction from C$83.00 to C$87.00 in a report on Thursday, October 29th. Finally, National Bank Financial boosted their price objective on shares of Bird Construction from C$72.00 to C$92.00 and gave the stock an “outperform” rating in a research report on Friday, August 14th. Eight investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of C$76.00.

Bird Construction Company Profile

Bird Construction Inc operates as a general contractor in the Canadian construction market. The company focuses primarily on projects in the industrial, commercial and institutional sectors of the general contracting industry. It provides construction services such as new construction for industrial, commercial, and institutional markets; industrial maintenance, repair and operations (MRO) services, heavy civil construction and contract surface mining; as well as vertical infrastructure including, electrical, mechanical, and specialty trades.