Cormark Predicts Reduced Earnings for Black Diamond Group

Black Diamond Group Limited (TSE:BDI) – Research analysts at Cormark lowered their FY2025 earnings estimates for shares of Black Diamond Group in a report released on Tuesday, September 23rd. Cormark analyst K. Mcphee now anticipates that the company will post earnings per share of $0.46 for the year, down from their previous forecast of $0.48. 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 FY2026 earnings at $0.69 EPS and FY2027 earnings at $1.02 EPS.

Several other brokerages have also issued reports on BDI. Canaccord Genuity Group lifted their price target on shares of Black Diamond Group from C$13.50 to C$17.00 and gave the company a “buy” rating in a report on Wednesday. Acumen Capital lifted their price target on shares of Black Diamond Group from C$14.50 to C$17.00 and gave the company a “buy” rating in a report on Tuesday. Finally, BMO Capital Markets lifted their price target on shares of Black Diamond Group from C$15.00 to C$17.00 in a report on Tuesday. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of C$17.00.

Black Diamond Group Price Performance

BDI stock opened at C$13.84 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.17 and a debt-to-equity ratio of 88.46. Black Diamond Group has a 12 month low of C$7.60 and a 12 month high of C$14.56. The firm has a market cap of C$911.89 million, a P/E ratio of 27.14 and a beta of 0.75. The company’s 50-day moving average price is C$12.04 and its two-hundred day moving average price is C$10.16.

Black Diamond Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be issued a dividend of $0.035 per share. This represents a $0.14 dividend on an annualized basis and a yield of 1.0%. Black Diamond Group’s payout ratio is 26.47%.

About Black Diamond Group

Black Diamond Group Ltd rents and sells space rental solutions and modular workforce accommodations to business customers in Canada, the United States and Australia. The company also provides specialized field rentals to the oil and gas industries of Canada and the United States. Besides, Black Diamond Group provides turnkey lodging services, as well as a host of related services that include transportation, installation, dismantling, repairs, maintenance, and ancillary field equipment rentals.