Bird Construction Inc (TSE:BDT) – Equities researchers at Raymond James reduced their FY2019 EPS estimates for Bird Construction in a research note issued on Wednesday, August 14th. Raymond James analyst F. Bastien now anticipates that the company will earn $0.25 per share for the year, down from their previous forecast of $0.40. Raymond James currently has a “Outperform” rating and a $9.00 target price on the stock.
A number of other research firms also recently commented on BDT. TD Securities lowered their target price on Bird Construction from C$8.50 to C$7.50 and set a “buy” rating for the company in a research report on Thursday, August 15th. Canaccord Genuity lowered their target price on Bird Construction from C$7.50 to C$5.00 in a research report on Thursday, August 15th. Finally, National Bank Financial reiterated an “outperform market weight” rating on shares of Bird Construction in a research report on Wednesday, August 14th.
The company also recently announced a monthly dividend, which was paid on Tuesday, August 20th. Stockholders of record on Tuesday, August 20th were given a dividend of $0.0325 per share. The ex-dividend date was Tuesday, July 30th. This represents a $0.39 dividend on an annualized basis and a dividend yield of 7.44%. Bird Construction’s dividend payout ratio is currently 314.52%.
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.
Featured Article: Oversold
Receive News & Ratings for Bird Construction Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bird Construction and related companies with MarketBeat.com's FREE daily email newsletter.