Cormark Forecasts Reduced Earnings for Black Diamond Group

Black Diamond Group Limited (TSE:BDI) – Equities researchers at Cormark dropped their FY2025 EPS estimates for Black Diamond Group in a note issued to investors on Monday, March 10th. Cormark analyst K. Mcphee now forecasts that the company will post earnings per share of $0.36 for the year, down from their previous estimate of $0.39. Cormark has a “Moderate Buy” rating on the stock. The consensus estimate for Black Diamond Group’s current full-year earnings is $0.53 per share. Cormark also issued estimates for Black Diamond Group’s FY2026 earnings at $0.54 EPS and FY2027 earnings at $0.74 EPS.

Black Diamond Group Price Performance

Shares of BDI opened at C$8.32 on Wednesday. The firm has a market cap of C$518.00 million, a PE ratio of 21.07 and a beta of 1.54. The firm’s 50 day moving average price is C$8.86 and its 200 day moving average price is C$9.18. The company has a debt-to-equity ratio of 88.46, a quick ratio of 1.05 and a current ratio of 1.17. Black Diamond Group has a twelve month low of C$7.40 and a twelve month high of C$10.27.

Insider Activity

In other news, Senior Officer Edward John Redmond sold 23,038 shares of Black Diamond Group stock in a transaction that occurred on Thursday, January 9th. The shares were sold at an average price of C$9.21, for a total value of C$212,239.88. Also, Senior Officer Michael Lenard Ridley sold 2,900 shares of Black Diamond Group stock in a transaction that occurred on Tuesday, December 24th. The shares were sold at an average price of C$9.46, for a total transaction of C$27,434.00. Insiders have sold a total of 68,987 shares of company stock valued at $644,106 over the last 90 days. 23.83% of the stock is currently owned by company insiders.

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.