Badger Infrastructure Solutions (TSE:BDGI) Announces Quarterly Earnings Results

Badger Infrastructure Solutions (TSE:BDGI – Get Free Report) posted its quarterly earnings data on Thursday. The company reported C$1.37 EPS for the quarter, FiscalAI reports. The business had revenue of C$407.92 million during the quarter. Badger Infrastructure Solutions had a return on equity of 24.14% and a net margin of 7.16%.

Badger Infrastructure Solutions Trading Down 6.2%

TSE BDGI traded down C$4.97 on Friday, reaching C$74.74. The stock had a trading volume of 297,857 shares, compared to its average volume of 152,225. The firm has a market capitalization of C$2.52 billion, a price-to-earnings ratio of 41.52 and a beta of 0.65. Badger Infrastructure Solutions has a 12-month low of C$59.98 and a 12-month high of C$102.12. The company has a quick ratio of 1.49, a current ratio of 1.34 and a debt-to-equity ratio of 105.14. The stock has a fifty day moving average price of C$87.92 and a two-hundred day moving average price of C$81.16.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on BDGI. National Bank Financial raised their price target on shares of Badger Infrastructure Solutions from C$74.00 to C$103.00 and gave the company an “outperform” rating in a research note on Monday, July 13th. Raymond James Financial boosted their price objective on Badger Infrastructure Solutions from C$98.00 to C$105.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. Seven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$94.75.

View Our Latest Research Report on Badger Infrastructure Solutions

Insider Activity at Badger Infrastructure Solutions

In related news, Director Stephen James Jones acquired 600 shares of the stock in a transaction dated Monday, August 17th. The stock was acquired at an average cost of C$89.99 per share, with a total value of C$53,994.00. Following the completion of the transaction, the director owned 6,300 shares in the company, valued at C$566,937. This represents a 10.53% increase in their position. 0.33% of the stock is currently owned by company insiders.

About Badger Infrastructure Solutions

(Get Free Report)

Badger Infrastructure Solutions Ltd is North America’s provider of non-destructive excavating services. Its key technology is the Badger Hydrovac, which is used primarily for safe excavation around critical infrastructure and in congested underground conditions. The Badger Hydrovac uses a pressurized water stream to liquefy the soil cover, which is then removed with a powerful vacuum system and deposited into a storage tank. The company manufactures and designs its truck-mounted hydrovac units, giving an opportunity to incorporate feedback from its hydrovac operators into its existing and future design and manufacturing processes.

Further Reading

Earnings History for Badger Infrastructure Solutions (TSE:BDGI)

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