Raymond James analysts lower earnings estimates for Bird Construction Inc. (TSE:BDT)
Bird Construction Inc. (TSE:BDT – Get Rating) – Investment analysts Raymond James cut their third-quarter 2022 earnings estimates for Bird Construction shares in a report released Tuesday, July 5. Raymond James analyst F. Bastien now expects the company to earn $0.30 per share for the quarter, down from his previous estimate of $0.31. Raymond James has an “outperform” rating and a price target of $12.00 on the stock. Bird Construction’s current annual earnings consensus estimate is $1.17 per share.
A number of other equity research analysts have also recently commented on BDT. TD Securities lowered its price target on Bird Construction from C$12.50 to C$10.50 and set a “buy” rating for the company in a Friday, May 13 research note. CIBC lowered its target price on Bird Construction from C$13.00 to C$12.00 and set an “outperform” rating for the company in a Thursday, May 12 research report. Five analysts rated the stock with a buy rating. Based on data from MarketBeat.com, the stock has a consensus buy rating and a consensus target price of C$11.67.
Shares of Bird Construction opened at C$7.45 on Friday. The company has a fifty-day moving average of C$8.13 and a two-hundred-day moving average of C$8.93. The company has a debt ratio of 63.26, a quick ratio of 1.20 and a current ratio of 1.22. The stock has a market cap of C$400.03 million and a price-earnings ratio of 9.43. Bird Construction has a 52 week low of C$7.05 and a 52 week high of C$10.78. Bird Construction (TSE:BDT – Get Rating) last reported quarterly earnings data on Tuesday, May 10. The company reported earnings per share of C$0.12 for the quarter, matching the consensus estimate of C$0.12. The company posted revenue of C$475.52 million in the quarter, compared to analyst estimates of C$557.34 million.
The company also recently disclosed a monthly dividend, which will be paid on Friday, August 19. Investors of record on Friday August 19 will receive a dividend of $0.0325 per share. This represents an annualized dividend of $0.39 and a yield of 5.23%. The ex-dividend date is Thursday July 28. Bird Construction’s payout ratio is currently 28.80%.
Bird Construction Company Profile (Get an assessment)
Bird Construction Inc operates as a general contractor in Canada. The company primarily focuses on projects in the industrial, commercial and institutional sectors of the general contracting industry. It constructs industrial buildings, including manufacturing, processing, distribution and warehousing facilities; undertakes structural, mechanical, piping, electrical and instrumentation work which includes off-site fabrication of metal and modules; and provides insulation, metal facing and coating, conduit, asbestos removal, and high voltage testing and commissioning services, as well as power line construction.
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