FY2024 EPS Estimates for Black Diamond Group Cut by Cormark

Black Diamond Group Limited (TSE:BDI) – Cormark lowered their FY2024 earnings estimates for shares of Black Diamond Group in a research note issued on Monday, November 4th. Cormark analyst B. Watson now anticipates that the company will post earnings of $0.37 per share for the year, down from their prior forecast of $0.41. The consensus estimate for Black Diamond Group’s current full-year earnings is $0.53 per share.

BDI has been the subject of several other reports. Raymond James boosted their price target on shares of Black Diamond Group from C$12.00 to C$14.00 and gave the stock a “strong-buy” rating in a research note on Monday, August 26th. BMO Capital Markets boosted their target price on Black Diamond Group from C$11.00 to C$12.00 in a research note on Friday, August 2nd.

Black Diamond Group Stock Up 4.3 %

Shares of TSE:BDI opened at C$9.45 on Tuesday. The firm has a fifty day moving average of C$9.51 and a 200 day moving average of C$8.87. Black Diamond Group has a 52-week low of C$7.05 and a 52-week high of C$10.27. The company has a debt-to-equity ratio of 84.84, a quick ratio of 1.05 and a current ratio of 1.18. The firm has a market capitalization of C$566.15 million, a PE ratio of 19.69 and a beta of 1.54.

Insider Buying and Selling

In related news, Director Steve Stein sold 5,900 shares of the stock in a transaction dated Monday, August 19th. The shares were sold at an average price of C$10.00, for a total transaction of C$59,023.60. In other news, Director Steve Stein sold 5,900 shares of the business’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of C$10.00, for a total value of C$59,023.60. Also, Senior Officer Michael Lenard Ridley sold 8,000 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of C$10.15, for a total value of C$81,200.00. Insiders have sold 123,000 shares of company stock worth $1,215,370 in the last 90 days. Insiders own 23.83% of the company’s stock.

Black Diamond Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a $0.035 dividend. This is a boost from Black Diamond Group’s previous quarterly dividend of $0.03. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date of this dividend is Tuesday, December 31st. Black Diamond Group’s payout ratio is currently 25.00%.

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.