Black Diamond Group Limited (TSE:BDI) to Post Q2 2024 Earnings of $0.11 Per Share, Raymond James Forecasts

Black Diamond Group Limited (TSE:BDI) – Equities researchers at Raymond James boosted their Q2 2024 earnings per share (EPS) estimates for Black Diamond Group in a research report issued 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 previous 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 posted its quarterly earnings data 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. 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 during the quarter, compared to analysts’ expectations of C$89.70 million.

BDI has been the subject of a number of other reports. BMO Capital Markets cut their price objective on Black Diamond Group from C$12.00 to C$11.00 in a report on Tuesday, April 23rd. Acumen Capital upped their price objective on Black Diamond Group from C$12.00 to C$12.50 and gave the stock a “buy” rating in a report on Monday, March 4th. Finally, Canaccord Genuity Group lowered 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 note on Monday.

Black Diamond Group Price Performance

BDI opened at C$8.10 on Thursday. The stock has a 50-day moving average price of C$8.75 and a 200-day moving average price of C$8.47. 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 current ratio of 1.10, a quick ratio of 1.05 and a debt-to-equity ratio of 72.03. The stock has a market capitalization of C$487.70 million, a P/E ratio of 16.53 and a beta of 1.61.

Black Diamond Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Sunday, March 31st were paid a $0.03 dividend. 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 Black Diamond Group news, Director Trevor Haynes sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of C$8.75, for a total transaction of C$87,520.00. In other Black Diamond Group news, Senior Officer Patrick Melanson sold 13,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of C$9.07, for a total transaction of C$117,910.00. Also, Director Trevor Haynes sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of C$8.75, for a total value of C$87,520.00. In the last quarter, insiders sold 53,850 shares of company stock valued at $479,979. Insiders own 23.91% of the company’s stock.

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.