Raymond James Has Pessimistic Outlook of TSE:BDT Q4 Earnings

Bird Construction Inc. (TSE:BDT) – Investment analysts at Raymond James cut their Q4 2024 earnings estimates for shares of Bird Construction in a report issued on Wednesday, November 6th. Raymond James analyst F. Bastien now expects that the company will post earnings per share of $0.66 for the quarter, down from their prior forecast of $0.71. The consensus estimate for Bird Construction’s current full-year earnings is $2.76 per share. Raymond James also issued estimates for Bird Construction’s Q3 2025 earnings at $0.91 EPS, Q1 2026 earnings at $0.51 EPS, Q2 2026 earnings at $0.81 EPS and Q3 2026 earnings at $1.09 EPS.

Bird Construction (TSE:BDT) last released its earnings results on Tuesday, November 5th. The company reported C$0.69 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.67 by C$0.02. The business had revenue of C$898.94 million for the quarter, compared to analyst estimates of C$961.37 million. Bird Construction had a net margin of 2.68% and a return on equity of 26.97%.

Several other research firms have also commented on BDT. National Bankshares lifted their price target on shares of Bird Construction from C$23.00 to C$28.00 in a research report on Thursday, October 10th. Cibc World Mkts raised shares of Bird Construction to a “hold” rating in a research report on Friday, August 9th. Stifel Nicolaus lifted their price target on shares of Bird Construction from C$34.00 to C$37.00 in a research report on Thursday, October 10th. BMO Capital Markets lifted their price target on shares of Bird Construction from C$30.00 to C$35.00 in a research report on Thursday, October 10th. Finally, TD Securities boosted their target price on Bird Construction from C$31.00 to C$36.00 in a research report on Thursday, October 10th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$31.88.

Bird Construction Stock Down 8.8 %

BDT stock opened at C$28.36 on Thursday. The firm has a market cap of C$1.57 billion, a PE ratio of 18.18, a PEG ratio of 0.53 and a beta of 1.05. The company has a debt-to-equity ratio of 70.40, a quick ratio of 1.20 and a current ratio of 1.25. The firm’s 50 day moving average price is C$26.10 and its 200-day moving average price is C$24.39. Bird Construction has a one year low of C$11.00 and a one year high of C$32.67.

Bird Construction Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 20th will be paid a $0.07 dividend. This is an increase from Bird Construction’s previous monthly dividend of $0.05. The ex-dividend date is Friday, November 29th. This represents a $0.84 annualized dividend and a dividend yield of 2.96%. Bird Construction’s payout ratio is 53.85%.

About Bird Construction

Bird Construction Inc provides construction services in Canada. The company primarily focuses on projects in the industrial, and institutional, and infrastructure markets. It constructs large, complex industrial buildings, including manufacturing, processing, distribution, and warehouse facilities; and provides electrical and instrumentation, high voltage testing and commissioning services, as well as power line construction, structural, mechanical, and piping, including off-site metal and modular fabrication.