Black Diamond Group Limited to Post FY2024 Earnings of $0.45 Per Share, Cormark Forecasts (TSE:BDI)

Black Diamond Group Limited (TSE:BDI) – Analysts at Cormark dropped their FY2024 earnings estimates for Black Diamond Group in a report issued on Monday, May 6th. Cormark analyst B. Watson now expects that the company will earn $0.45 per share for the year, down from their prior forecast of $0.50. The consensus estimate for Black Diamond Group’s current full-year earnings is $0.47 per share. Cormark also issued estimates for Black Diamond Group’s FY2025 earnings at $0.52 EPS.

Black Diamond Group (TSE:BDI) last issued its quarterly earnings data on Thursday, February 29th. The company reported C$0.13 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.10 by C$0.03. The company had revenue of C$103.40 million for the quarter, compared to the consensus estimate of C$89.70 million. Black Diamond Group had a net margin of 7.72% and a return on equity of 11.11%.

Several other research analysts also recently weighed in on BDI. BMO Capital Markets decreased their price target on shares of Black Diamond Group from C$12.00 to C$11.00 in a research report on Tuesday, April 23rd. Acumen Capital raised their price objective on shares of Black Diamond Group from C$12.00 to C$12.50 and gave the company a “buy” rating in a research report on Monday, March 4th. Finally, Canaccord Genuity Group cut their target price on shares of Black Diamond Group from C$11.00 to C$10.25 and set a “buy” rating for the company in a research note on Monday.

Black Diamond Group Stock Up 0.2 %

Shares of Black Diamond Group stock opened at C$8.15 on Wednesday. The company has a quick ratio of 1.05, a current ratio of 1.10 and a debt-to-equity ratio of 72.03. Black Diamond Group has a twelve month low of C$5.35 and a twelve month high of C$9.92. The company has a market cap of C$490.71 million, a price-to-earnings ratio of 16.63 and a beta of 1.61. The company’s 50 day moving average is C$8.78 and its 200 day moving average is C$8.48.

Black Diamond Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Sunday, March 31st were paid a $0.03 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.47%. Black Diamond Group’s payout ratio is currently 24.49%.

Insiders Place Their Bets

In other news, Director Steve Stein sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of C$8.84, for a total value of C$44,200.00. In related news, Director Steve Stein sold 5,000 shares of Black Diamond Group stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of C$8.84, for a total transaction of C$44,200.00. Also, Director Trevor Haynes sold 10,000 shares of Black Diamond Group stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of C$8.75, for a total transaction of C$87,520.00. Insiders sold 53,850 shares of company stock valued at $479,979 in the last three months. Corporate insiders own 23.91% of the company’s stock.

About Black Diamond Group

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.