Bird Construction Inc to Post Q3 2018 Earnings of $0.06 Per Share, National Bank Financial Forecasts (BDT)
Bird Construction Inc (TSE:BDT) – Investment analysts at National Bank Financial lowered their Q3 2018 earnings per share (EPS) estimates for shares of Bird Construction in a note issued to investors on Thursday, August 9th. National Bank Financial analyst M. Sytchev now expects that the company will earn $0.06 per share for the quarter, down from their prior estimate of $0.10. National Bank Financial currently has a “Outperform” rating and a $9.50 target price on the stock. National Bank Financial also issued estimates for Bird Construction’s Q4 2018 earnings at $0.10 EPS.
Several other equities analysts have also weighed in on the company. TD Securities raised Bird Construction from a “hold” rating to a “buy” rating and set a C$9.00 price objective on the stock in a research note on Friday. Raymond James reduced their price objective on Bird Construction from C$11.50 to C$10.50 and set an “outperform” rating on the stock in a research note on Thursday, August 9th.
The business also recently declared a monthly dividend, which will be paid on Monday, August 20th. Investors of record on Monday, August 20th will be given a dividend of $0.0325 per share. This represents a $0.39 annualized dividend and a yield of 5.00%. The ex-dividend date is Monday, July 30th.
In related news, insider J. Paul Bergman purchased 19,010 shares of Bird Construction stock in a transaction that occurred on Friday, June 8th. The shares were purchased at an average cost of C$7.93 per share, with a total value of C$150,749.30. Also, insider Wayne Richard Gingrich purchased 3,500 shares of Bird Construction stock in a transaction that occurred on Tuesday, May 29th. The shares were bought at an average cost of C$7.34 per share, for a total transaction of C$25,690.00. Insiders have purchased a total of 66,320 shares of company stock worth $507,261 over the last three months.
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, and mining businesses.
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