Bird Construction (BDT) Scheduled to Post Earnings on Tuesday

Bird Construction (TSE:BDT) will post its quarterly earnings results after the market closes on Tuesday, May 14th. Analysts expect Bird Construction to post earnings of C$0.15 per share for the quarter.

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

Bird Construction Stock Performance

Shares of TSE:BDT opened at C$20.22 on Tuesday. The company has a debt-to-equity ratio of 46.93, a current ratio of 1.26 and a quick ratio of 1.20. Bird Construction has a 1 year low of C$8.01 and a 1 year high of C$20.28. The firm has a market capitalization of C$1.09 billion, a PE ratio of 15.20, a P/E/G ratio of 0.53 and a beta of 1.21. The business’s 50 day moving average price is C$18.62 and its 200-day moving average price is C$15.36.

Bird Construction Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, May 17th will be issued a $0.0467 dividend. The ex-dividend date is Monday, April 29th. This represents a $0.56 dividend on an annualized basis and a yield of 2.77%. This is a positive change from Bird Construction’s previous monthly dividend of $0.04. Bird Construction’s dividend payout ratio (DPR) is presently 42.11%.

Wall Street Analyst Weigh In

BDT has been the subject of a number of recent research reports. CIBC downgraded shares of Bird Construction from an “outperform” rating to a “neutral” rating and raised their price target for the stock from C$17.00 to C$20.00 in a research note on Thursday, March 7th. Canaccord Genuity Group boosted their target price on Bird Construction from C$16.00 to C$21.00 and gave the stock a “neutral” rating in a report on Thursday, March 7th. ATB Capital increased their price target on Bird Construction from C$16.50 to C$23.00 and gave the company an “outperform” rating in a report on Thursday, March 7th. Raymond James boosted their price objective on Bird Construction from C$18.50 to C$20.50 and gave the stock an “outperform” rating in a research note on Wednesday, March 6th. Finally, Stifel Nicolaus raised their target price on Bird Construction from C$18.50 to C$24.00 and gave the stock a “buy” rating in a research note on Thursday, March 7th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$21.21.

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.