Badger Infrastructure Solutions (TSE:BDGI) Announces Quarterly Earnings Results

Badger Infrastructure Solutions (TSE:BDGI) announced its quarterly earnings data on Thursday. The company reported C$0.31 EPS for the quarter, FiscalAI reports. The company had revenue of C$282.57 million for the quarter. Badger Infrastructure Solutions had a return on equity of 25.34% and a net margin of 7.59%.

Badger Infrastructure Solutions Stock Up 2.2%

Shares of TSE BDGI traded up C$1.42 during mid-day trading on Thursday, reaching C$65.70. 212,992 shares of the company were exchanged, compared to its average volume of 177,999. The company has a quick ratio of 1.49, a current ratio of 1.37 and a debt-to-equity ratio of 87.32. The stock has a market cap of C$2.22 billion, a price-to-earnings ratio of 37.54 and a beta of 0.86. Badger Infrastructure Solutions has a 1 year low of C$38.73 and a 1 year high of C$82.57. The firm has a 50-day moving average of C$65.19 and a 200 day moving average of C$70.57.

Wall Street Analyst Weigh In

Several brokerages have weighed in on BDGI. Raymond James Financial lowered their target price on Badger Infrastructure Solutions from C$83.00 to C$73.00 in a report on Wednesday. TD Securities lowered their target price on Badger Infrastructure Solutions from C$83.00 to C$80.00 and set a “buy” rating for the company in a report on Monday, March 9th. Canadian Imperial Bank of Commerce lowered their target price on Badger Infrastructure Solutions from C$86.00 to C$80.00 in a report on Monday, March 9th. BMO Capital Markets lowered their target price on Badger Infrastructure Solutions from C$85.00 to C$80.00 and set a “market perform” rating for the company in a report on Friday, March 6th. Finally, Canaccord Genuity Group lowered their target price on Badger Infrastructure Solutions from C$81.00 to C$70.00 and set a “hold” rating for the company in a report on Monday, March 9th. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$77.38.

About Badger Infrastructure Solutions

Badger Infrastructure Solutions Ltd is North America’s provider of non-destructive excavating services. Its key technology is the Badger Hydrovac, which is used primarily for safe excavation around critical infrastructure and in congested underground conditions. The Badger Hydrovac uses a pressurized water stream to liquefy the soil cover, which is then removed with a powerful vacuum system and deposited into a storage tank. The company manufactures and designs its truck-mounted hydrovac units, giving an opportunity to incorporate feedback from its hydrovac operators into its existing and future design and manufacturing processes.