Cormark Forecasts TSE:BDI FY2024 Earnings

Black Diamond Group Limited (TSE:BDI) – Investment analysts at Cormark issued their FY2024 earnings per share estimates for shares of Black Diamond Group in a research report issued to clients and investors on Wednesday, December 18th. Cormark analyst K. Mcphee forecasts that the company will post earnings of $0.41 per share for the year. Cormark currently 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 FY2025 earnings at $0.39 EPS and FY2026 earnings at $0.59 EPS.

Separately, Raymond James raised their target price on Black Diamond Group from C$12.00 to C$14.00 and gave the company a “strong-buy” rating in a research report on Monday, August 26th.

Black Diamond Group Stock Performance

Shares of Black Diamond Group stock opened at C$9.39 on Monday. The firm has a market capitalization of C$562.55 million, a P/E ratio of 19.56 and a beta of 1.54. The company has a current ratio of 1.18, a quick ratio of 1.05 and a debt-to-equity ratio of 84.84. The business’s fifty day simple moving average is C$9.07 and its 200 day simple moving average is C$9.02. Black Diamond Group has a 12 month low of C$7.40 and a 12 month high of C$10.27.

Insider Buying and Selling at Black Diamond Group

In related news, Senior Officer Tobias Gerald Labrie sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of C$9.40, for a total transaction of C$141,000.00. Also, Senior Officer Michael Lenard Ridley sold 9,320 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of C$9.39, for a total value of C$87,479.38. Insiders have sold a total of 49,049 shares of company stock worth $460,652 over the last ninety days. 23.83% of the stock is currently owned by company insiders.

Black Diamond Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a $0.035 dividend. This is an increase from Black Diamond Group’s previous quarterly dividend of $0.03. This represents a $0.14 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date is Tuesday, December 31st. Black Diamond Group’s dividend payout ratio (DPR) is currently 25.00%.

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.