Somewhat Positive Media Coverage Somewhat Unlikely to Impact Black Diamond (BDE) Share Price
Media stories about Black Diamond (NASDAQ:BDE) have been trending somewhat positive on Tuesday, Accern Sentiment Analysis reports. Accern scores the sentiment of press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Black Diamond earned a news sentiment score of 0.12 on Accern’s scale. Accern also gave media stories about the company an impact score of 47.7689203560107 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the media stories that may have effected Accern Sentiment’s analysis:
- Black Diamond, Inc. :BDE-US: Earnings Analysis: Q2, 2017 By the Numbers : August 10, 2017 (finance.yahoo.com)
- Black Diamond, Inc. to Change Name to Clarus Corporation (finance.yahoo.com)
- Edited Transcript of BDE earnings conference call or presentation 7-Aug-17 9:00pm GMT (finance.yahoo.com)
- Contrasting Black Diamond (BDE) and Callaway Golf (ELY) (americanbankingnews.com)
A number of analysts recently weighed in on the stock. Roth Capital set a $7.00 price target on shares of Black Diamond and gave the stock a “hold” rating in a research report on Tuesday, August 8th. Zacks Investment Research cut shares of Black Diamond from a “hold” rating to a “sell” rating in a research report on Friday, August 4th. Finally, Stifel Nicolaus raised shares of Black Diamond from a “hold” rating to a “buy” rating and upped their price target for the stock from $6.00 to $8.00 in a research report on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $7.42.
Black Diamond (NASDAQ BDE) opened at 6.65 on Tuesday. Black Diamond has a 52-week low of $4.41 and a 52-week high of $7.15. The firm has a 50-day moving average of $6.73 and a 200-day moving average of $5.95.
Black Diamond (NASDAQ:BDE) last posted its earnings results on Monday, August 7th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by $0.08. Black Diamond had a negative net margin of 4.51% and a negative return on equity of 0.72%. The firm had revenue of $30.70 million during the quarter, compared to analyst estimates of $30.63 million. During the same quarter in the previous year, the business posted ($0.08) earnings per share. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. Equities analysts anticipate that Black Diamond will post $0.07 EPS for the current year.
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About Black Diamond
Black Diamond, Inc, through its ownership of Black Diamond Equipment, Ltd., is engaged in designing, manufacturing and marketing of active outdoor performance equipment and apparel for climbing, mountaineering, backpacking, skiing and a range of other year-round outdoor recreation activities. Its principal brands include Black Diamond and PIEPS.
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