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

Badger Infrastructure Solutions (TSE:BDGI) posted its earnings results on Thursday. The company reported C$1.37 earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of C$407.92 million during the quarter. Badger Infrastructure Solutions had a net margin of 7.16% and a return on equity of 24.14%.

Badger Infrastructure Solutions Stock Down 5.1%

Badger Infrastructure Solutions stock opened at C$79.71 on Friday. The stock has a market capitalization of C$2.68 billion, a PE ratio of 44.28 and a beta of 0.65. Badger Infrastructure Solutions has a twelve month low of C$59.98 and a twelve month high of C$102.12. The company has a quick ratio of 1.49, a current ratio of 1.34 and a debt-to-equity ratio of 105.14. The company has a 50 day moving average of C$88.13 and a 200-day moving average of C$81.19.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on BDGI. Raymond James Financial raised their target price on Badger Infrastructure Solutions from C$98.00 to C$105.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. National Bank Financial boosted their target price on Badger Infrastructure Solutions from C$74.00 to C$103.00 and gave the stock an “outperform” rating in a research report on Monday, July 13th. Seven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$94.75.

Insider Activity at Badger Infrastructure Solutions

In related news, Director Stephen James Jones acquired 600 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The shares were acquired at an average cost of C$89.99 per share, for a total transaction of C$53,994.00. Following the completion of the acquisition, the director directly owned 6,300 shares in the company, valued at approximately C$566,937. The trade was a 10.53% increase in their position. 0.33% of the stock is currently owned by insiders.

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.