Brokers Set Expectations for Black Diamond Group Limited’s FY2024 Earnings (TSE:BDI)
Black Diamond Group Limited (TSE:BDI – Free Report) – Cormark lowered their FY2024 earnings estimates for shares of Black Diamond Group in a note issued to investors on Monday, May 6th. Cormark analyst B. Watson now anticipates that the company will post earnings per share of $0.45 for the year, down from their previous estimate 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.
Several other research analysts have also recently commented on BDI. Canaccord Genuity Group reduced 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 report on Monday. BMO Capital Markets reduced their price objective on shares of Black Diamond Group from C$12.00 to C$11.00 in a research note on Tuesday, April 23rd. Finally, Acumen Capital raised their price objective on Black Diamond Group from C$12.00 to C$12.50 and gave the company a “buy” rating in a report on Monday, March 4th.
Check Out Our Latest Stock Report on Black Diamond Group
Black Diamond Group Price Performance
Shares of BDI opened at C$8.10 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 stock has a market capitalization of C$487.70 million, a P/E ratio of 16.53 and a beta of 1.61. The company has a 50 day moving average of C$8.75 and a 200-day moving average of C$8.47.
Black Diamond Group (TSE:BDI – Get Free Report) last issued its quarterly earnings data on Thursday, February 29th. The company reported C$0.13 EPS for the quarter, topping analysts’ consensus estimates of C$0.10 by C$0.03. The business had revenue of C$103.40 million for the quarter, compared to analyst estimates of C$89.70 million. Black Diamond Group had a net margin of 7.72% and a return on equity of 11.11%.
Insider Activity
In other news, Director Steve Stein sold 5,000 shares of the company’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 the business’s stock in a transaction that occurred on Tuesday, March 19th. The stock was 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 the company’s stock in a transaction on 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 a total of 53,850 shares of company stock valued at $479,979 in the last quarter. Company insiders own 23.91% of the company’s stock.
Black Diamond Group Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Sunday, March 31st were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date of this dividend was Wednesday, March 27th. Black Diamond Group’s dividend payout ratio is currently 24.49%.
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.
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