Black Diamond Group Ltd to Post FY2016 Earnings of ($0.24) Per Share, Cormark Forecasts (BDI)
Black Diamond Group Ltd (TSE:BDI) – Research analysts at Cormark lowered their FY2016 earnings per share (EPS) estimates for shares of Black Diamond Group in a note issued to investors on Tuesday. Cormark analyst J. Zhang now expects that the firm will earn ($0.24) per share for the year, down from their previous forecast of ($0.23). Cormark also issued estimates for Black Diamond Group’s Q4 2016 earnings at ($0.07) EPS, Q1 2017 earnings at ($0.03) EPS and Q2 2017 earnings at ($0.06) EPS.
A number of other analysts also recently weighed in on BDI. CIBC downgraded Black Diamond Group from a “sector perform” rating to an “underperform” rating and decreased their price target for the stock from C$6.00 to C$4.50 in a report on Monday, August 15th. Raymond James Financial Inc. increased their price objective on shares of Black Diamond Group from C$6.00 to C$6.50 in a research report on Tuesday, June 14th. Finally, Scotiabank reissued a “sector perform” rating and set a C$6.50 price objective on shares of Black Diamond Group in a research report on Thursday, July 7th. Two analysts have rated the stock with a sell rating, one has issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of C$8.34.
Black Diamond Group (TSE:BDI) opened at 4.73 on Thursday. Black Diamond Group has a 12 month low of $3.74 and a 12 month high of $10.08. The firm’s market cap is $218.12 million. The firm’s 50-day moving average price is $4.41 and its 200-day moving average price is $4.81.
Black Diamond Group Company Profile
Black Diamond Group Limited is a Canada-based company, which rents and sells modular workforce accommodation and space rental solutions to customers in Canada, the United States and Australia. The Company offers lodging and other support services related to remote workforce accommodation and space rentals.
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