Dominion Diamond Corporation (DDC) to Release Earnings on Wednesday
Dominion Diamond Corporation (NYSE:DDC) (TSE:DDC) is scheduled to be releasing its earnings data after the market closes on Wednesday, September 6th.
Dominion Diamond Corporation (NYSE:DDC) (TSE:DDC) last issued its quarterly earnings results on Monday, June 12th. The basic materials company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.04. The business had revenue of $211 million during the quarter. Dominion Diamond Corporation had a positive return on equity of 1.46% and a negative net margin of 1.07%. The business’s quarterly revenue was up 18.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.01) EPS. On average, analysts expect Dominion Diamond Corporation to post $0.93 EPS for the current fiscal year and $1.21 EPS for the next fiscal year.
Shares of Dominion Diamond Corporation (DDC) opened at 14.12 on Wednesday. The firm has a 50-day moving average price of $13.87 and a 200-day moving average price of $12.31. The stock’s market cap is $1.14 billion. Dominion Diamond Corporation has a 12 month low of $7.92 and a 12 month high of $14.16.
Dominion Diamond Corporation announced that its Board of Directors has approved a share buyback plan on Monday, July 17th that permits the company to repurchase shares. This repurchase authorization permits the basic materials company to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.
A number of equities research analysts recently commented on the stock. BidaskClub downgraded shares of Dominion Diamond Corporation from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. Citigroup Inc. downgraded shares of Dominion Diamond Corporation from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $14.40 to $14.25 in a research report on Wednesday, July 19th. Gabelli downgraded shares of Dominion Diamond Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 18th. Royal Bank Of Canada raised their price objective on shares of Dominion Diamond Corporation from $13.00 to $14.25 and gave the company a “sector perform” rating in a research report on Wednesday, July 19th. Finally, BMO Capital Markets downgraded shares of Dominion Diamond Corporation from an “outperform” rating to a “market perform” rating in a research report on Tuesday, July 18th. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Dominion Diamond Corporation presently has a consensus rating of “Hold” and an average price target of $15.07.
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About Dominion Diamond Corporation
Dominion Diamond Corp is a diamond mining company. The Company is focused on the mining and marketing of rough diamonds to the global market. The Company’s segments include the Ekati Diamond Mine, the Diavik Diamond Mine and the Corporate segment. It supplies rough diamonds to the global market from its operation of the Ekati Diamond Mine (in which it owns a controlling interest) and its approximately 40% ownership interest in the Diavik Diamond Mine.
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