What is Cormark’s Forecast for TSE:BDI FY2025 Earnings?

Black Diamond Group Limited (TSE:BDI) – Cormark reduced their FY2025 earnings per share estimates for Black Diamond Group in a note issued to investors on Monday, November 4th. Cormark analyst B. Watson now expects that the company will earn $0.54 per share for the year, down from their previous estimate of $0.56. The consensus estimate for Black Diamond Group’s current full-year earnings is $0.53 per share.

Several other brokerages have also recently weighed in on BDI. Raymond James lifted their price objective on 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. BMO Capital Markets boosted their price target on Black Diamond Group from C$11.00 to C$12.00 in a research note on Friday, August 2nd.

Black Diamond Group Stock Performance

BDI opened at C$9.45 on Wednesday. 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 business has a fifty day simple moving average of C$9.51 and a 200 day simple moving average of C$8.87. Black Diamond Group has a 1 year low of C$7.05 and a 1 year high of C$10.27. The company has a market capitalization of C$566.15 million, a PE ratio of 19.69 and a beta of 1.54.

Black Diamond Group Increases Dividend

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

Insider Buying and Selling

In other Black Diamond Group news, Senior Officer Edward John Redmond sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of C$9.97, for a total value of C$199,400.00. In related news, Director Steve Stein sold 5,000 shares of Black Diamond Group stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of C$10.10, for a total transaction of C$50,500.00. Also, Senior Officer Edward John Redmond sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of C$9.97, for a total transaction of C$199,400.00. Insiders sold a total of 123,000 shares of company stock worth $1,215,370 in the last three months. 23.83% of the stock is owned by corporate insiders.

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.