Brokers Issue Forecasts for TSE:BDI FY2024 Earnings

Black Diamond Group Limited (TSE:BDI) – Stock analysts at Cormark issued their FY2024 earnings per share (EPS) estimates for shares of Black Diamond Group in a research report issued on Wednesday, December 18th. Cormark analyst K. Mcphee expects that the company will earn $0.41 per share for the year. Cormark currently has a “Moderate Buy” rating on the stock. The consensus estimate for Black Diamond Group’s current full-year earnings is $0.53 per share. Cormark also issued estimates for Black Diamond Group’s FY2025 earnings at $0.39 EPS and FY2026 earnings at $0.59 EPS.

Separately, Raymond James boosted their target price on 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

BDI stock opened at C$9.42 on Monday. The stock has a 50-day moving average price of C$9.07 and a two-hundred day moving average price of C$9.03. The company has a market cap of C$564.35 million, a PE ratio of 19.63 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 12-month low of C$7.40 and a 12-month high of C$10.27.

Black Diamond Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a $0.035 dividend. This is an increase from Black Diamond Group’s previous quarterly dividend of $0.03. This represents a $0.14 annualized dividend and a yield of 1.49%. The ex-dividend date is Tuesday, December 31st. Black Diamond Group’s dividend payout ratio is currently 25.00%.

Insider Activity at Black Diamond Group

In other news, Senior Officer Tobias Gerald Labrie sold 15,000 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of C$9.40, for a total transaction of C$141,000.00. Also, Senior Officer Michael Lenard Ridley sold 9,329 shares of the firm’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of C$9.37, for a total transaction of C$87,412.73. In the last three months, insiders sold 49,049 shares of company stock worth $460,652. Corporate insiders own 23.83% of the company’s stock.

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.