Bird Construction Inc. (TSE:BDT) Announces $0.05 Monthly Dividend

Bird Construction Inc. (TSE:BDT) declared a monthly dividend on Thursday, October 31st, TickerTech reports. Investors of record on Wednesday, November 20th will be paid a dividend of 0.0467 per share on Wednesday, November 20th. This represents a $0.56 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date of this dividend is Thursday, October 31st.

Bird Construction Stock Performance

TSE:BDT opened at C$30.63 on Wednesday. The company has a market cap of C$1.70 billion, a price-to-earnings ratio of 19.63, a price-to-earnings-growth ratio of 0.53 and a beta of 1.05. The company has a quick ratio of 1.20, a current ratio of 1.25 and a debt-to-equity ratio of 70.40. Bird Construction has a 52 week low of C$10.29 and a 52 week high of C$32.67. The company has a fifty day simple moving average of C$25.33 and a two-hundred day simple moving average of C$23.88.

Bird Construction (TSE:BDT) last posted its quarterly earnings results on Wednesday, August 7th. The company reported C$0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.38 by C$0.04. Bird Construction had a return on equity of 26.97% and a net margin of 2.68%. The company had revenue of C$873.54 million for the quarter, compared to analyst estimates of C$772.65 million. As a group, equities analysts anticipate that Bird Construction will post 2.7598533 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have commented on BDT shares. Raymond James increased their price objective on shares of Bird Construction from C$30.00 to C$35.00 in a research report on Thursday, October 10th. CIBC boosted their target price on Bird Construction from C$25.50 to C$26.00 in a research note on Friday, August 9th. Stifel Nicolaus increased their price target on shares of Bird Construction from C$34.00 to C$37.00 in a research note on Thursday, October 10th. Cibc World Mkts raised shares of Bird Construction to a “hold” rating in a report on Friday, August 9th. Finally, National Bankshares upped their target price on shares of Bird Construction from C$23.00 to C$28.00 in a report on Thursday, October 10th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$31.88.

Bird Construction Company Profile

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.