Raymond James Analysts Lower Earnings Estimates for Bird Construction Inc. (TSE:BDT)

Bird Construction Inc. (TSE:BDT) – Stock analysts at Raymond James reduced their Q3 2021 earnings per share (EPS) estimates for shares of Bird Construction in a report issued on Wednesday, May 12th. Raymond James analyst F. Bastien now forecasts that the company will earn $0.31 per share for the quarter, down from their prior forecast of $0.37. Raymond James has a “Outperform” rating and a $12.00 price objective on the stock. Raymond James also issued estimates for Bird Construction’s Q3 2021 earnings at $0.31 EPS, FY2021 earnings at $0.90 EPS and FY2021 earnings at $0.90 EPS.

A number of other research analysts also recently weighed in on BDT. National Bankshares upped their target price on Bird Construction from C$10.50 to C$11.00 and gave the stock an “outperform” rating in a report on Thursday. TD Securities upped their target price on Bird Construction from C$10.50 to C$11.50 and gave the stock a “buy” rating in a report on Thursday. National Bank Financial upped their target price on Bird Construction to C$11.00 and gave the stock an “outperform” rating in a report on Thursday. CIBC reiterated an “outperform” rating on shares of Bird Construction in a report on Friday, January 15th. Finally, ATB Capital upped their target price on Bird Construction from C$11.00 to C$11.50 in a report on Thursday. Six analysts have rated the stock with a buy rating, Bird Construction has an average rating of “Buy” and a consensus target price of C$10.94.

Shares of TSE:BDT opened at C$9.91 on Friday. Bird Construction has a 1 year low of C$5.24 and a 1 year high of C$9.96. The company has a market cap of C$525.62 million and a PE ratio of 12.45. The company has a debt-to-equity ratio of 65.59, a current ratio of 1.22 and a quick ratio of 1.20. The stock’s 50-day moving average is C$9.04 and its 200 day moving average is C$8.28.

Bird Construction (TSE:BDT) last announced its quarterly earnings results on Tuesday, March 9th. The company reported C$0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.17 by C$0.24. The business had revenue of C$554.96 million for the quarter, compared to analysts’ expectations of C$597.95 million.

The business also recently declared a monthly dividend, which will be paid on Friday, June 18th. Stockholders of record on Monday, May 31st will be given a $0.032 dividend. The ex-dividend date is Friday, May 28th. This represents a $0.38 dividend on an annualized basis and a dividend yield of 3.87%. Bird Construction’s dividend payout ratio is currently 48.99%.

About Bird Construction

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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Earnings History and Estimates for Bird Construction (TSE:BDT)

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