Cormark Issues Optimistic Forecast for Dye & Durham Earnings

Dye & Durham Limited (TSE:DND) – Investment analysts at Cormark boosted their FY2025 EPS estimates for shares of Dye & Durham in a research note issued on Monday, January 6th. Cormark analyst G. Fairweather now expects that the company will earn $0.00 per share for the year, up from their previous forecast of ($0.02). The consensus estimate for Dye & Durham’s current full-year earnings is $0.11 per share. Cormark also issued estimates for Dye & Durham’s FY2026 earnings at ($0.13) EPS.

Dye & Durham (TSE:DND) last issued its quarterly earnings data on Thursday, November 7th. The company reported C($0.14) earnings per share (EPS) for the quarter. The business had revenue of C$119.93 million for the quarter, compared to analyst estimates of C$120.30 million. Dye & Durham had a negative return on equity of 42.91% and a negative net margin of 38.23%.

A number of other analysts have also issued reports on DND. Canaccord Genuity Group boosted their price target on shares of Dye & Durham from C$27.00 to C$30.00 in a research note on Friday, November 29th. BMO Capital Markets increased their price target on shares of Dye & Durham from C$18.00 to C$23.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. CIBC boosted their target price on Dye & Durham from C$22.00 to C$30.00 and gave the company an “outperform” rating in a report on Wednesday, December 18th. Finally, Canaccord Genuity Group decreased their price target on shares of Dye & Durham from C$30.00 to C$27.50 and set a “buy” rating for the company in a research note on Wednesday, December 18th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of C$24.71.

Dye & Durham Stock Down 0.2 %

Shares of TSE DND opened at C$17.27 on Thursday. The company has a quick ratio of 1.98, a current ratio of 1.00 and a debt-to-equity ratio of 402.18. The firm has a market cap of C$1.16 billion, a price-to-earnings ratio of -5.89 and a beta of 2.09. Dye & Durham has a 52-week low of C$10.92 and a 52-week high of C$22.59. The business’s 50 day moving average is C$18.71 and its two-hundred day moving average is C$15.71.

Insiders Place Their Bets

In related news, Director Eric Shahinian purchased 12,300 shares of the company’s stock in a transaction on Tuesday, December 31st. The stock was bought at an average price of C$17.35 per share, with a total value of C$213,433.29. Also, insider Plantro Ltd. sold 1,000,000 shares of the business’s stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of C$19.15, for a total transaction of C$19,150,000.00. 25.60% of the stock is currently owned by company insiders.

Dye & Durham Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 14th were paid a dividend of $0.019 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date of this dividend was Thursday, November 14th. Dye & Durham’s dividend payout ratio (DPR) is -2.73%.

About Dye & Durham

Dye & Durham Limited, together with its subsidiaries, provides cloud-based software and technology solutions for law firms, financial service institutions, sole-practitioner law firms, and government organizations in Canada, Australia, South Africa, Ireland, and the United Kingdom. It offers Practice Management, a real estate workflow and practice management software that enables legal professionals to execute every transaction with reliability, security, and ease; Data Insights and Due Diligence, a software that aggregates proprietary data and public records into valuable insights; and Payments Infrastructure, a software that helps people pay their bills and taxes in real time, as well as enables digital mortgage processing, and an integrated information search and managed banking services.