Black Diamond Group (BDI) Scheduled to Post Earnings on Thursday

Black Diamond Group (TSE:BDI) will be posting its quarterly earnings results after the market closes on Thursday, October 31st. Analysts expect Black Diamond Group to post earnings of C$0.15 per share for the quarter.

Black Diamond Group (TSE:BDI) last posted its quarterly earnings data on Thursday, August 1st. The company reported C$0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.11 by C$0.01. Black Diamond Group had a net margin of 7.78% and a return on equity of 10.86%. The business had revenue of C$95.50 million during the quarter, compared to the consensus estimate of C$93.70 million.

Black Diamond Group Trading Down 2.2 %

Shares of BDI stock opened at C$8.95 on Wednesday. The company has a quick ratio of 1.05, a current ratio of 1.18 and a debt-to-equity ratio of 84.84. The firm has a market cap of C$536.19 million, a P/E ratio of 18.56 and a beta of 1.54. The company has a 50 day moving average of C$9.62 and a 200-day moving average of C$8.85. Black Diamond Group has a 12-month low of C$5.94 and a 12-month high of C$10.27.

Black Diamond Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date was Monday, September 30th. Black Diamond Group’s dividend payout ratio is currently 25.00%.

Insider Activity at Black Diamond Group

In other Black Diamond Group news, Senior Officer Edward John Redmond sold 80,000 shares of Black Diamond Group stock in a transaction dated Monday, August 26th. The stock was sold at an average price of C$9.80, for a total transaction of C$784,000.00. In related news, Director Steve Stein sold 5,900 shares of Black Diamond Group stock in a transaction on Monday, August 19th. The stock was sold at an average price of C$10.00, for a total transaction of C$59,023.60. Also, Senior Officer Edward John Redmond sold 80,000 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of C$9.80, for a total value of C$784,000.00. In the last three months, insiders have sold 123,000 shares of company stock worth $1,215,370. 23.83% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

BDI has been the subject of several research reports. Raymond James increased their price target on Black Diamond Group from C$12.00 to C$14.00 and gave the stock a “strong-buy” rating in a research note on Monday, August 26th. BMO Capital Markets lifted their target price on shares of Black Diamond Group from C$11.00 to C$12.00 in a research note on Friday, August 2nd.

Black Diamond Group Company Profile

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.