Black Diamond Group Limited to Post FY2024 Earnings of $0.50 Per Share, Cormark Forecasts (TSE:BDI)

Black Diamond Group Limited (TSE:BDI) – Research analysts at Cormark lifted their FY2024 earnings per share (EPS) estimates for Black Diamond Group in a report issued on Monday, November 6th. Cormark analyst B. Watson now anticipates that the company will post earnings per share of $0.50 for the year, up from their previous forecast of $0.44. The consensus estimate for Black Diamond Group’s current full-year earnings is $0.46 per share.

A number of other analysts have also recently commented on BDI. BMO Capital Markets lifted their target price on Black Diamond Group from C$8.50 to C$10.00 in a research report on Friday, November 3rd. Raymond James lifted their target price on Black Diamond Group from C$10.00 to C$12.00 and gave the stock a “strong-buy” rating in a research report on Monday.

Black Diamond Group Stock Up 1.7 %

Black Diamond Group stock opened at C$7.23 on Tuesday. Black Diamond Group has a 1-year low of C$4.29 and a 1-year high of C$7.30. The company has a debt-to-equity ratio of 87.18, a current ratio of 1.28 and a quick ratio of 1.05. The stock has a market cap of C$435.39 million, a PE ratio of 15.72 and a beta of 1.44. The stock’s fifty day moving average is C$6.60 and its two-hundred day moving average is C$6.35.

Black Diamond Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Sunday, December 31st will be given a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 1.66%. The ex-dividend date is Thursday, December 28th. This is a boost from Black Diamond Group’s previous quarterly dividend of $0.02. Black Diamond Group’s payout ratio is 17.39%.

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.