Atb Cap Markets Brokers Boost Earnings Estimates for Bird Construction Inc. (TSE:BDT)

Bird Construction Inc. (TSE:BDT) – Analysts at Atb Cap Markets boosted their Q3 2024 earnings estimates for Bird Construction in a report issued on Tuesday, May 14th. Atb Cap Markets analyst C. Murray now expects that the company will earn $0.61 per share for the quarter, up from their prior forecast of $0.58. The consensus estimate for Bird Construction’s current full-year earnings is $1.79 per share. Atb Cap Markets also issued estimates for Bird Construction’s Q3 2025 earnings at $0.74 EPS.

Several other research firms have also commented on BDT. ATB Capital upped their price target on shares of Bird Construction from C$23.00 to C$25.00 and gave the company an “outperform” rating in a research report on Wednesday. Raymond James upped their target price on shares of Bird Construction from C$20.50 to C$25.00 and gave the company an “outperform” rating in a report on Thursday. Stifel Nicolaus lifted their price target on shares of Bird Construction from C$24.00 to C$25.00 and gave the stock a “buy” rating in a research note on Thursday. Canaccord Genuity Group upped their price objective on Bird Construction from C$21.00 to C$23.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, CIBC lifted their target price on Bird Construction from C$20.00 to C$22.00 and gave the company a “neutral” rating in a research report on Thursday. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Bird Construction currently has a consensus rating of “Moderate Buy” and an average target price of C$23.71.

Bird Construction Stock Down 2.0 %

BDT stock opened at C$21.11 on Friday. The company has a market cap of C$1.14 billion, a price-to-earnings ratio of 15.87, a P/E/G ratio of 0.53 and a beta of 1.23. The company has a debt-to-equity ratio of 46.93, a quick ratio of 1.20 and a current ratio of 1.26. The business’s 50-day moving average is C$19.18 and its two-hundred day moving average is C$15.95. Bird Construction has a fifty-two week low of C$8.01 and a fifty-two week high of C$22.74.

Bird Construction (TSE:BDT) last released its quarterly earnings results on Tuesday, March 5th. The company reported C$0.45 earnings per share for the quarter, beating the consensus estimate of C$0.40 by C$0.05. Bird Construction had a return on equity of 24.03% and a net margin of 2.56%. The firm had revenue of C$792.07 million for the quarter, compared to analysts’ expectations of C$722.63 million.

Bird Construction Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Friday, May 31st will be given a $0.047 dividend. This represents a $0.56 annualized dividend and a dividend yield of 2.67%. This is an increase from Bird Construction’s previous monthly dividend of $0.05. The ex-dividend date is Friday, May 31st. Bird Construction’s payout ratio is presently 42.11%.

About Bird Construction

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.