Equities Analysts Set Expectations for Black Diamond Group Limited’s Q3 2024 Earnings (TSE:BDI)

Black Diamond Group Limited (TSE:BDI) – Stock analysts at Raymond James raised their Q3 2024 earnings per share estimates for shares of Black Diamond Group in a research note issued to investors on Monday, May 6th. Raymond James analyst F. Bastien now forecasts that the company will post earnings of $0.22 per share for the quarter, up from their prior forecast of $0.21. The consensus estimate for Black Diamond Group’s current full-year earnings is $0.47 per share. Raymond James also issued estimates for Black Diamond Group’s Q4 2024 earnings at $0.19 EPS.

A number of other equities research analysts have also weighed in on BDI. Acumen Capital lifted their target price on shares of Black Diamond Group from C$12.00 to C$12.50 and gave the company a “buy” rating in a research note on Monday, March 4th. BMO Capital Markets cut their price objective on Black Diamond Group from C$12.00 to C$11.00 in a research report on Tuesday, April 23rd. Finally, Canaccord Genuity Group decreased their target price on Black Diamond Group from C$11.00 to C$10.25 and set a “buy” rating for the company in a research report on Monday.

Black Diamond Group Stock Down 0.6 %

Shares of Black Diamond Group stock opened at C$8.10 on Wednesday. The company has a current ratio of 1.10, a quick ratio of 1.05 and a debt-to-equity ratio of 72.03. Black Diamond Group has a 12-month low of C$5.35 and a 12-month high of C$9.92. The company has a market cap of C$487.70 million, a P/E ratio of 16.53 and a beta of 1.61. The company’s fifty day simple moving average is C$8.75 and its two-hundred day simple moving average is C$8.47.

Black Diamond Group (TSE:BDI) last posted its earnings results on Thursday, February 29th. The company reported C$0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.10 by C$0.03. Black Diamond Group had a return on equity of 11.11% and a net margin of 7.72%. The firm had revenue of C$103.40 million for the quarter, compared to analysts’ expectations of C$89.70 million.

Insider Activity at Black Diamond Group

In other Black Diamond Group news, Senior Officer Patrick Melanson sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of C$9.00, for a total transaction of C$90,000.00. In related news, Senior Officer Patrick Melanson sold 10,000 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of C$9.00, for a total value of C$90,000.00. Also, Director Steve Stein sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of C$8.84, for a total transaction of C$44,200.00. Insiders sold a total of 53,850 shares of company stock valued at $479,979 in the last three months. Company insiders own 23.91% of the company’s stock.

Black Diamond Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Sunday, March 31st were given a dividend of $0.03 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.12 dividend on an annualized basis and a yield of 1.48%. Black Diamond Group’s dividend payout ratio (DPR) is currently 24.49%.

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.