Q2 2019 EPS Estimates for Bird Construction Inc Reduced by National Bank Financial (BDT)

Bird Construction Inc (TSE:BDT) – Equities research analysts at National Bank Financial cut their Q2 2019 EPS estimates for Bird Construction in a note issued to investors on Wednesday, May 8th. National Bank Financial analyst M. Sytchev now anticipates that the company will post earnings per share of $0.02 for the quarter, down from their previous estimate of $0.12. National Bank Financial currently has a “Outperform” rating and a $9.50 price target on the stock. National Bank Financial also issued estimates for Bird Construction’s FY2019 earnings at $0.26 EPS and FY2020 earnings at $0.57 EPS.

Several other equities research analysts also recently commented on BDT. Canaccord Genuity boosted their target price on shares of Bird Construction from C$9.00 to C$9.50 in a research note on Thursday, March 14th. TD Securities boosted their target price on shares of Bird Construction from C$8.00 to C$9.00 and gave the company a “buy” rating in a research note on Thursday, March 14th. Finally, Raymond James restated a “strong-buy” rating and issued a C$10.50 target price on shares of Bird Construction in a research note on Friday, March 15th.

Shares of TSE:BDT opened at C$5.94 on Monday. Bird Construction has a 52 week low of C$5.11 and a 52 week high of C$8.36. The company has a debt-to-equity ratio of 30.71, a quick ratio of 1.13 and a current ratio of 1.15. The firm has a market capitalization of $252.55 million and a PE ratio of -247.50.

Bird Construction (TSE:BDT) last announced its quarterly earnings results on Tuesday, March 12th. The company reported C$0.15 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.11 by C$0.04. The business had revenue of C$385.85 million during the quarter, compared to the consensus estimate of C$374.20 million.

The company also recently announced a monthly dividend, which will be paid on Friday, May 17th. Stockholders of record on Friday, May 17th will be paid a $0.0325 dividend. The ex-dividend date is Monday, April 29th. This represents a $0.39 annualized dividend and a dividend yield of 6.57%. Bird Construction’s dividend payout ratio is presently -1,625.00%.

About Bird Construction

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; and performs civil construction operations, including site preparation, concrete foundations, metal and modular fabrication, mechanical process work, underground piping, and earthwork for clients primarily operating in the oil and gas, liquefied natural gas, mining, and nuclear sectors.

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

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