Bird Construction (TSE:BDT) Issues Earnings Results

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

Bird Construction Trading Up 11.4%

BDT opened at C$71.88 on Friday. The company has a market cap of C$3.98 billion, a P/E ratio of 79.87, a PEG ratio of 0.53 and a beta of 0.34. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 88.19. The company’s 50 day moving average is C$65.99 and its 200-day moving average is C$50.38. Bird Construction has a 1-year low of C$22.40 and a 1-year high of C$78.64.

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Bird Construction Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Thursday, August 20th will be paid a $0.07 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, July 31st. Bird Construction’s dividend payout ratio (DPR) is presently 93.33%.

Analyst Upgrades and Downgrades

BDT has been the topic of several analyst reports. Raymond James Financial increased their price target on shares of Bird Construction from C$54.00 to C$60.00 and gave the stock an “outperform” rating in a research report on Friday, May 15th. BMO Capital Markets boosted their price objective on shares of Bird Construction from C$75.00 to C$85.00 in a research report on Thursday. Canaccord Genuity Group upped their target price on Bird Construction from C$50.00 to C$62.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Stifel Nicolaus set a C$55.00 target price on Bird Construction and gave the company a “buy” rating in a report on Friday, April 17th. Finally, TD lifted their price target on Bird Construction from C$63.00 to C$72.00 and gave the company a “buy” rating in a research note on Tuesday, May 19th. Nine research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of C$64.10.

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About Bird Construction

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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.

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