Badger Infrastructure Solutions (TSE:BDGI) Announces Quarterly Earnings Results

Badger Infrastructure Solutions (TSE:BDGI) posted its quarterly earnings results on Thursday. The company reported C$1.37 earnings per share for the quarter, FiscalAI reports. Badger Infrastructure Solutions had a net margin of 7.16% and a return on equity of 24.14%. The firm had revenue of C$407.92 million during the quarter.

Badger Infrastructure Solutions Stock Down 5.1%

Shares of TSE:BDGI traded down C$4.30 during mid-day trading on Thursday, hitting C$79.71. 350,091 shares of the company traded hands, compared to its average volume of 151,541. The stock has a market cap of C$2.68 billion, a P/E ratio of 44.28 and a beta of 0.65. The company has a current ratio of 1.34, a quick ratio of 1.49 and a debt-to-equity ratio of 105.14. Badger Infrastructure Solutions has a 12-month low of C$59.98 and a 12-month high of C$102.12. The stock has a 50-day moving average price of C$88.23 and a two-hundred day moving average price of C$81.20.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. National Bank Financial boosted their price objective on Badger Infrastructure Solutions from C$74.00 to C$103.00 and gave the company an “outperform” rating in a report on Monday, July 13th. Canadian Imperial Bank of Commerce raised their price objective on shares of Badger Infrastructure Solutions from C$85.00 to C$104.00 and gave the company an “outperformer” rating in a research note on Wednesday, July 8th. Finally, Raymond James Financial lifted their price objective on shares of Badger Infrastructure Solutions from C$98.00 to C$105.00 and gave the company an “outperform” rating in a report on Friday, July 31st. Seven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of C$94.75.

Insider Buying and Selling

In related news, Director Stephen James Jones acquired 600 shares of the company’s stock in a transaction on Monday, August 17th. The shares were acquired at an average cost of C$89.99 per share, for a total transaction of C$53,994.00. Following the purchase, the director owned 6,300 shares in the company, valued at approximately C$566,937. The trade was a 10.53% increase in their ownership of the stock. Insiders own 0.33% of the company’s stock.

Badger Infrastructure Solutions Company Profile

Badger Infrastructure Solutions Ltd is North America’s provider of non-destructive excavating services. Its key technology is the Badger Hydrovac, which is used primarily for safe excavation around critical infrastructure and in congested underground conditions. The Badger Hydrovac uses a pressurized water stream to liquefy the soil cover, which is then removed with a powerful vacuum system and deposited into a storage tank. The company manufactures and designs its truck-mounted hydrovac units, giving an opportunity to incorporate feedback from its hydrovac operators into its existing and future design and manufacturing processes.