Q2 2024 EPS Estimates for Black Diamond Group Limited Lifted by Raymond James (TSE:BDI)

Black Diamond Group Limited (TSE:BDI) – Stock analysts at Raymond James raised their Q2 2024 EPS estimates for Black Diamond Group in a research report issued to clients and investors on Monday, May 6th. Raymond James analyst F. Bastien now expects that the company will post earnings of $0.11 per share for the quarter, up from their prior forecast of $0.09. The consensus estimate for Black Diamond Group’s current full-year earnings is $0.47 per share.

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

A number of other brokerages also recently issued reports on BDI. Canaccord Genuity Group reduced their price target on Black Diamond Group from C$11.00 to C$10.25 and set a “buy” rating on the stock in a research report on Monday. BMO Capital Markets reduced their price target on Black Diamond Group from C$12.00 to C$11.00 in a research report on Tuesday, April 23rd. Finally, Acumen Capital upped their price target on Black Diamond Group from C$12.00 to C$12.50 and gave the stock a “buy” rating in a research report on Monday, March 4th.

Black Diamond Group Stock Performance

Shares of BDI stock opened at C$8.10 on Thursday. The business’s fifty day simple moving average is C$8.75 and its 200-day simple moving average is C$8.47. The company has a market cap of C$487.70 million, a PE ratio of 16.53 and a beta of 1.61. 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.

Black Diamond Group Announces Dividend

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

Insider Activity

In other news, Senior Officer Tobias Gerald Labrie sold 5,000 shares of the business’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of C$9.05, for a total transaction of C$45,250.00. In other Black Diamond Group news, Senior Officer Tobias Gerald Labrie sold 5,000 shares of the company’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of C$9.05, for a total value of C$45,250.00. Also, Senior Officer Patrick Melanson sold 13,000 shares of the company’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of C$9.07, for a total transaction of C$117,910.00. Insiders have sold 53,850 shares of company stock valued at $479,979 over the last ninety days. 23.91% of the stock is currently owned by 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.