Cormark Research Analysts Cut Earnings Estimates for TSE:BDI

Black Diamond Group Limited (TSE:BDI) – Equities researchers at Cormark lowered their FY2024 EPS estimates for Black Diamond Group in a report issued on Monday, November 4th. Cormark analyst B. Watson now anticipates that the company will post earnings per share of $0.37 for the year, down from their prior estimate of $0.41. The consensus estimate for Black Diamond Group’s current full-year earnings is $0.53 per share.

Several other research firms also recently weighed in on BDI. BMO Capital Markets increased their target price on Black Diamond Group from C$11.00 to C$12.00 in a research report on Friday, August 2nd. Raymond James increased their price objective on shares of Black Diamond Group from C$12.00 to C$14.00 and gave the stock a “strong-buy” rating in a report on Monday, August 26th.

Black Diamond Group Price Performance

The stock has a market cap of C$542.79 million, a price-to-earnings ratio of 19.00 and a beta of 1.54. The company has a current ratio of 1.18, a quick ratio of 1.05 and a debt-to-equity ratio of 84.84. Black Diamond Group has a 52 week low of C$6.97 and a 52 week high of C$10.27. The business’s fifty day simple moving average is C$9.52 and its two-hundred day simple moving average is C$8.87.

Insider Buying and Selling at Black Diamond Group

In other news, Director Steve Stein sold 5,900 shares of the firm’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of C$10.00, for a total value of C$59,023.60. In other Black Diamond Group news, Senior Officer Edward John Redmond sold 80,000 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of C$9.80, for a total value of C$784,000.00. Also, Director Steve Stein sold 5,900 shares of the business’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of C$10.00, for a total value of C$59,023.60. Over the last 90 days, insiders sold 123,000 shares of company stock valued at $1,215,370. Company insiders own 23.83% of the company’s stock.

Black Diamond Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.035 per share. This represents a $0.14 dividend on an annualized basis and a yield of ?. The ex-dividend date is Tuesday, December 31st. This is an increase from Black Diamond Group’s previous quarterly dividend of $0.03. Black Diamond Group’s payout ratio is 25.00%.

Black Diamond Group Company Profile

Black Diamond Group Limited rents and sells modular space and workforce accommodation solutions. It operates through two segments, Modular Space Solutions and Workforce Solutions. The Modular Space Solutions segment provides modular space rentals to customers in the construction, real estate development, education, manufacturing, health care, financial, government, and defense industries in North America.