Bird Construction (TSE:BDT) Issues Earnings Results

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

Bird Construction Stock Performance

TSE:BDT opened at C$64.50 on Thursday. The stock has a fifty day moving average price of C$65.84 and a 200-day moving average price of C$50.08. The company has a market cap of C$3.57 billion, a price-to-earnings ratio of 71.67, a PEG ratio of 0.53 and a beta of 0.34. The company has a debt-to-equity ratio of 88.19, a quick ratio of 1.20 and a current ratio of 1.24. Bird Construction has a fifty-two week low of C$22.40 and a fifty-two week high of C$78.64.

Bird Construction Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Thursday, August 20th will be issued 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 Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Stifel Nicolaus set a C$55.00 target price on shares of Bird Construction and gave the company a “buy” rating in a research report on Friday, April 17th. Canadian Imperial Bank of Commerce raised their price target on shares of Bird Construction from C$65.00 to C$71.00 and gave the stock an “outperformer” rating in a research report on Wednesday, July 8th. Jefferies Financial Group lifted their price objective on shares of Bird Construction from C$44.00 to C$63.00 in a research note on Monday, April 27th. Raymond James Financial lifted their price objective on shares of Bird Construction from C$54.00 to C$60.00 and gave the stock an “outperform” rating in a research note on Friday, May 15th. Finally, Canaccord Genuity Group boosted 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 report on Friday, May 15th. Nine equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Bird Construction has a consensus rating of “Buy” and a consensus 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.