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

Black Diamond Group Limited (TSE:BDI) – Stock analysts at Cormark lowered their FY2024 earnings per share estimates for Black Diamond Group in a research note issued to investors on Monday, May 6th. Cormark analyst B. Watson now expects that the company will post earnings per share of $0.45 for the year, down from their previous 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 posted its quarterly earnings results on Thursday, February 29th. The company reported C$0.13 EPS for the quarter, beating the consensus estimate of C$0.10 by C$0.03. The company had revenue of C$103.40 million during the quarter, compared to analysts’ expectations of C$89.70 million. Black Diamond Group had a return on equity of 11.11% and a net margin of 7.72%.

Other analysts have also recently issued reports about the stock. Canaccord Genuity Group lowered their price objective 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. BMO Capital Markets lowered their price target on Black Diamond Group from C$12.00 to C$11.00 in a research report 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 stock a “buy” rating in a report on Monday, March 4th.

Black Diamond Group Price Performance

Black Diamond Group stock opened at C$8.10 on Wednesday. The company has a debt-to-equity ratio of 72.03, a quick ratio of 1.05 and a current ratio of 1.10. The company has a market cap of C$487.70 million, a price-to-earnings ratio of 16.53 and a beta of 1.61. Black Diamond Group has a 1 year low of C$5.35 and a 1 year high of C$9.92. The firm has a 50 day moving average price of C$8.75 and a 200 day moving average price of C$8.47.

Black Diamond Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Sunday, March 31st were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.12 dividend on an annualized basis and a yield of 1.48%. Black Diamond Group’s dividend payout ratio (DPR) is 24.49%.

Insider Activity at Black Diamond Group

In other Black Diamond Group news, Senior Officer Patrick Melanson sold 10,000 shares of the business’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of C$9.00, for a total transaction of C$90,000.00. In other Black Diamond Group news, Senior Officer Patrick Melanson sold 10,000 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of C$9.00, for a total value of C$90,000.00. Also, Senior Officer Tobias Gerald Labrie sold 5,000 shares of the business’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of C$9.05, for a total transaction of C$45,250.00. In the last three months, insiders sold 53,850 shares of company stock worth $479,979. 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.