What is Cormark’s Forecast for Dye & Durham FY2025 Earnings?

Dye & Durham Limited (TSE:DND) – Investment analysts at Cormark boosted their FY2025 earnings per share (EPS) estimates for Dye & Durham in a note issued to investors on Monday, January 6th. Cormark analyst G. Fairweather now forecasts that the company will earn $0.00 per share for the year, up from their previous forecast of ($0.02). The consensus estimate for Dye & Durham’s current full-year earnings is $0.11 per share. Cormark also issued estimates for Dye & Durham’s FY2026 earnings at ($0.13) EPS.

A number of other brokerages also recently issued reports on DND. CIBC upped their price objective on shares of Dye & Durham from C$22.00 to C$30.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 18th. BMO Capital Markets lifted their price target on Dye & Durham from C$18.00 to C$23.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Canaccord Genuity Group reduced their price objective on Dye & Durham from C$30.00 to C$27.50 and set a “buy” rating for the company in a research note on Wednesday, December 18th. Finally, Canaccord Genuity Group raised their target price on Dye & Durham from C$27.00 to C$30.00 in a research report on Friday, November 29th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Dye & Durham currently has a consensus rating of “Buy” and an average target price of C$24.71.

Dye & Durham Stock Performance

Shares of DND stock opened at C$16.98 on Thursday. The company has a debt-to-equity ratio of 402.18, a current ratio of 1.00 and a quick ratio of 1.98. The firm has a 50-day moving average of C$18.71 and a 200-day moving average of C$15.71. Dye & Durham has a one year low of C$10.92 and a one year high of C$22.59. The company has a market cap of C$1.14 billion, a P/E ratio of -5.80 and a beta of 2.09.

Dye & Durham (TSE:DND) last released its quarterly earnings results on Thursday, November 7th. The company reported C($0.14) EPS for the quarter. The company had revenue of C$119.93 million during the quarter, compared to analysts’ expectations of C$120.30 million. Dye & Durham had a negative net margin of 38.23% and a negative return on equity of 42.91%.

Dye & Durham Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Thursday, November 14th were paid a $0.019 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $0.08 annualized dividend and a dividend yield of 0.45%. Dye & Durham’s payout ratio is presently -2.73%.

Insider Activity

In related news, Director Eric Shahinian acquired 12,300 shares of the firm’s stock in a transaction that occurred on Tuesday, December 31st. The shares were bought at an average cost of C$17.35 per share, for a total transaction of C$213,433.29. Also, insider Plantro Ltd. sold 1,000,000 shares of the firm’s stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of C$19.15, for a total value of C$19,150,000.00. Insiders own 25.60% of the company’s stock.

About Dye & Durham

Dye & Durham Limited, together with its subsidiaries, provides cloud-based software and technology solutions for law firms, financial service institutions, sole-practitioner law firms, and government organizations in Canada, Australia, South Africa, Ireland, and the United Kingdom. It offers Practice Management, a real estate workflow and practice management software that enables legal professionals to execute every transaction with reliability, security, and ease; Data Insights and Due Diligence, a software that aggregates proprietary data and public records into valuable insights; and Payments Infrastructure, a software that helps people pay their bills and taxes in real time, as well as enables digital mortgage processing, and an integrated information search and managed banking services.