What is Cormark’s Forecast for TSE:BDI FY2024 Earnings?

Black Diamond Group Limited (TSE:BDI) – Stock analysts at Cormark cut their FY2024 earnings estimates for shares of Black Diamond Group in a report released on Monday, November 4th. Cormark analyst B. Watson now forecasts that the company will post earnings of $0.37 per share for the year, down from their previous forecast of $0.41. The consensus estimate for Black Diamond Group’s current full-year earnings is $0.53 per share.

Several other research analysts have also recently weighed in on the company. BMO Capital Markets increased their price objective on Black Diamond Group from C$11.00 to C$12.00 in a research report on Friday, August 2nd. Raymond James boosted their price objective on shares of Black Diamond Group from C$12.00 to C$14.00 and gave the company a “strong-buy” rating in a report on Monday, August 26th.

Black Diamond Group Price Performance

Shares of BDI opened at C$9.45 on Tuesday. The firm has a market capitalization of C$566.15 million, a PE ratio of 19.69 and a beta of 1.54. The company has a debt-to-equity ratio of 84.84, a current ratio of 1.18 and a quick ratio of 1.05. The company’s 50-day moving average is C$9.51 and its 200-day moving average is C$8.87. Black Diamond Group has a fifty-two week low of C$7.05 and a fifty-two week high of C$10.27.

Black Diamond Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date of this dividend is Tuesday, December 31st. This is a positive change from Black Diamond Group’s previous quarterly dividend of $0.03. Black Diamond Group’s dividend payout ratio (DPR) is 25.00%.

Insiders Place Their Bets

In related news, Senior Officer Michael Lenard Ridley sold 8,000 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of C$10.15, for a total value of C$81,200.00. In other news, Senior Officer Edward John Redmond sold 20,000 shares of the stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of C$9.97, for a total transaction of C$199,400.00. Also, Senior Officer Michael Lenard Ridley sold 8,000 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of C$10.15, for a total transaction of C$81,200.00. Insiders have sold 123,000 shares of company stock valued at $1,215,370 in the last ninety days. 23.83% of the stock is currently owned by insiders.

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.