Shares of Bird Construction Inc (TSE:BDT) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $6.23 and traded as high as $5.92. Bird Construction shares last traded at $5.88, with a volume of 15,324 shares changing hands.
A number of brokerages have issued reports on BDT. TD Securities lowered their target price on shares of Bird Construction from C$8.50 to C$7.50 and set a “buy” rating on the stock in a report on Thursday, August 15th. Canaccord Genuity lowered their target price on shares of Bird Construction from C$7.50 to C$5.00 in a report on Thursday, August 15th. Raymond James set a C$9.00 target price on shares of Bird Construction and gave the company an “outperform” rating in a report on Thursday, August 15th. Finally, National Bank Financial reissued an “outperform market weight” rating on shares of Bird Construction in a report on Wednesday, August 14th.
The business’s fifty day simple moving average is C$5.41 and its 200-day simple moving average is C$6.23. The company has a current ratio of 1.13, a quick ratio of 1.11 and a debt-to-equity ratio of 73.80. The firm has a market cap of $252.13 million and a P/E ratio of 47.34.
Bird Construction (TSE:BDT) last issued its earnings results on Tuesday, August 13th. The company reported C$0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.04 by C($0.02). The business had revenue of C$315.43 million for the quarter, compared to analyst estimates of C$366.60 million. As a group, research analysts expect that Bird Construction Inc will post 0.59 earnings per share for the current fiscal year.
The firm also recently announced a monthly dividend, which will be paid on Friday, October 18th. Shareholders of record on Friday, October 18th will be issued a dividend of $0.0325 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.39 dividend on an annualized basis and a yield of 6.64%. Bird Construction’s payout ratio is 314.52%.
About Bird Construction (TSE:BDT)
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; and performs civil construction operations, including site preparation, concrete foundations, metal and modular fabrication, mechanical process work, underground piping, and earthwork for clients primarily operating in the oil and gas, liquefied natural gas, mining, and nuclear sectors.
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