Bird Construction (TSE:BDT) Releases Quarterly Earnings Results

Bird Construction (TSE:BDT) issued its quarterly earnings data on Wednesday. The company reported C$0.70 EPS for the quarter, FiscalAI reports. The company had revenue of C$1.04 billion during the quarter. Bird Construction had a return on equity of 11.25% and a net margin of 1.43%.

Bird Construction Trading Down 1.8%

TSE BDT traded down C$1.16 during trading on Wednesday, hitting C$64.50. 367,369 shares of the company’s stock traded hands, compared to its average volume of 275,416. The stock has a fifty day moving average of C$65.80 and a two-hundred day moving average of C$49.84. The company has a debt-to-equity ratio of 88.19, a current ratio of 1.24 and a quick ratio of 1.20. Bird Construction has a 12-month low of C$22.40 and a 12-month high of C$78.64. The firm has a market cap of C$3.57 billion, a P/E ratio of 71.67, a PEG ratio of 0.53 and a beta of 0.34.

Bird Construction Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Thursday, August 20th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Friday, July 31st. This represents a c) annualized dividend and a yield of 1.3%. Bird Construction’s payout ratio is currently 93.33%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Raymond James Financial lifted their target price on shares of Bird Construction from C$54.00 to C$60.00 and gave the company an “outperform” rating in a research report on Friday, May 15th. ATB Cormark Capital Markets increased their price target on shares of Bird Construction from C$48.00 to C$57.00 and gave the stock an “outperform” rating in a report on Friday, May 15th. Canaccord Genuity Group raised their price objective on shares of Bird Construction from C$50.00 to C$62.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Stifel Nicolaus set a C$55.00 price objective on shares of Bird Construction and gave the stock a “buy” rating in a report on Friday, April 17th. Finally, Canadian Imperial Bank of Commerce lifted their price objective on shares of Bird Construction from C$65.00 to C$71.00 and gave the stock an “outperformer” rating in a report on Wednesday, July 8th. Nine investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of C$62.60.

About Bird Construction

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.