Bird Construction (TSE:BDT) Announces Quarterly Earnings Results

Bird Construction (TSE:BDT) announced its quarterly earnings data on Wednesday. The company reported C$0.57 earnings per share (EPS) for the quarter, FiscalAI reports. Bird Construction had a return on equity of 21.42% and a net margin of 2.72%.The firm had revenue of C$877.01 million during the quarter.

Bird Construction Stock Up 0.7%

Shares of Bird Construction stock opened at C$32.14 on Thursday. The firm has a market cap of C$1.78 billion, a price-to-earnings ratio of 18.91, a P/E/G ratio of 0.53 and a beta of 0.68. The company has a debt-to-equity ratio of 75.72, a current ratio of 1.28 and a quick ratio of 1.20. Bird Construction has a 52-week low of C$17.52 and a 52-week high of C$33.17. The stock has a 50-day simple moving average of C$30.75 and a 200-day simple moving average of C$28.94.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on BDT shares. Raymond James Financial set a C$34.00 target price on Bird Construction and gave the company an “outperform” rating in a report on Tuesday, January 20th. BMO Capital Markets decreased their price target on shares of Bird Construction from C$37.00 to C$34.00 in a report on Thursday, November 13th. Canadian Imperial Bank of Commerce lowered their price objective on shares of Bird Construction from C$37.00 to C$36.00 in a research report on Friday, November 14th. Finally, ATB Cormark Capital Markets downgraded shares of Bird Construction from a “strong-buy” rating to a “moderate buy” rating in a research report on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company. According to MarketBeat, Bird Construction presently has an average rating of “Buy” and an average price target of C$35.50.

Bird Construction Company Profile

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.