FY2024 Earnings Estimate for TSE:BDI Issued By Cormark

Black Diamond Group Limited (TSE:BDI) – Investment analysts at Cormark issued their FY2024 earnings estimates for Black Diamond Group in a report issued on Wednesday, December 18th. Cormark analyst K. Mcphee expects 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 upped 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 research note on Monday, August 26th.

Black Diamond Group Price Performance

Black Diamond Group stock opened at C$9.39 on Monday. The stock’s 50 day moving average is C$9.07 and its 200 day moving average is C$9.02. Black Diamond Group has a one year low of C$7.40 and a one year high of C$10.27. The firm has a market cap of C$562.55 million, a P/E ratio of 19.56 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.

Insider Buying and Selling

In other news, Senior Officer Michael Lenard Ridley sold 9,329 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of C$9.37, for a total transaction of C$87,412.73. Also, Senior Officer Tobias Gerald Labrie sold 15,000 shares of the business’s stock in a transaction 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. Insiders have sold a total of 49,049 shares of company stock valued at $460,652 over the last ninety days. 23.83% of the stock is owned by corporate insiders.

Black Diamond Group Increases Dividend

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