Raymond James Weighs in on Bird Construction Inc.’s Q2 2022 Earnings (TSE:BDT)

Bird Construction Inc. (TSE:BDTGet Rating) – Research analysts at Raymond James dropped their Q2 2022 earnings estimates for Bird Construction in a report issued on Wednesday, May 11th. Raymond James analyst F. Bastien now expects that the company will post earnings per share of $0.27 for the quarter, down from their prior forecast of $0.28. Raymond James has a “Outperform” rating and a $13.50 price objective on the stock. Raymond James also issued estimates for Bird Construction’s Q1 2023 earnings at $0.14 EPS, Q2 2023 earnings at $0.31 EPS, Q3 2023 earnings at $0.36 EPS and Q4 2023 earnings at $0.39 EPS.

Bird Construction (TSE:BDTGet Rating) last released its earnings results on Tuesday, March 8th. The company reported C$0.24 earnings per share for the quarter, topping the consensus estimate of C$0.21 by C$0.03. The business had revenue of C$597.80 million for the quarter, compared to the consensus estimate of C$627.30 million.

Other analysts also recently issued reports about the company. CIBC decreased their target price on Bird Construction from C$13.00 to C$12.00 and set an “outperform” rating for the company in a research report on Thursday. TD Securities decreased their target price on Bird Construction from C$12.50 to C$10.50 and set a “buy” rating for the company in a research report on Friday. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Bird Construction currently has an average rating of “Buy” and a consensus target price of C$11.92.

TSE:BDT opened at C$7.90 on Thursday. Bird Construction has a twelve month low of C$7.61 and a twelve month high of C$10.78. The company has a market cap of C$424.19 million and a price-to-earnings ratio of 9.84. The stock has a fifty day simple moving average of C$8.87 and a 200-day simple moving average of C$9.44. The company has a current ratio of 1.21, a quick ratio of 1.19 and a debt-to-equity ratio of 64.91.

The company also recently disclosed a monthly dividend, which was paid on Wednesday, April 20th. Investors of record on Thursday, March 31st were issued a $0.032 dividend. The ex-dividend date of this dividend was Wednesday, March 30th. This represents a $0.38 annualized dividend and a dividend yield of 4.86%. Bird Construction’s payout ratio is currently 40.47%.

Bird Construction Company Profile (Get Rating)

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, including manufacturing, processing, distribution, and warehouse facilities; undertakes structural, mechanical, piping, electrical, and instrumentation works that include off-site metal and modular fabrication; and provides insulation, metal siding and cladding, ductwork, asbestos abatement, and high voltage testing and commissioning services, as well as constructs power lines.

Further Reading

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

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