Cormark Reduces Earnings Estimates for Black Diamond Group

Black Diamond Group Limited (TSE:BDI - Free Report) - Cormark reduced their FY2024 earnings per share (EPS) estimates for shares of Black Diamond Group in a note issued to investors on Monday, November 4th. Cormark analyst B. Watson now anticipates that the company will post earnings of $0.37 per share for the year, down from their previous forecast of $0.41. The consensus estimate for Black Diamond Group's current full-year earnings is $0.53 per share.

Other equities research analysts have also recently issued reports about the company. BMO Capital Markets lifted their target price on Black Diamond Group from C$11.00 to C$12.00 in a research note on Friday, August 2nd. Raymond James upped their target price on shares of Black Diamond Group from C$12.00 to C$14.00 and gave the company a "strong-buy" rating in a research report on Monday, August 26th.

Black Diamond Group Price Performance

Shares of Black Diamond Group stock traded up C$0.06 during trading on Tuesday, reaching C$9.06. The company's stock had a trading volume of 13,836 shares, compared to its average volume of 60,343. The company has a current ratio of 1.18, a quick ratio of 1.05 and a debt-to-equity ratio of 84.84. The stock has a 50-day moving average price of C$9.55 and a two-hundred day moving average price of C$8.86. Black Diamond Group has a one year low of C$6.97 and a one year high of C$10.27. The stock has a market capitalization of C$542.78 million, a P/E ratio of 19.00 and a beta of 1.54.

Insider Buying and Selling at Black Diamond Group

In other Black Diamond Group news, Director Steve Stein sold 4,100 shares of Black Diamond Group stock in a transaction dated Friday, August 16th. The stock was sold at an average price of C$10.06, for a total transaction of C$41,246.00. In other Black Diamond Group news, Director Steve Stein sold 4,100 shares of Black Diamond Group stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of C$10.06, for a total value of C$41,246.00. Also, Senior Officer Edward John Redmond sold 80,000 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of C$9.80, for a total transaction of C$784,000.00. Over the last 90 days, insiders sold 123,000 shares of company stock valued at $1,215,370. Corporate insiders own 23.83% of the company's stock.

Black Diamond Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.55%. This is an increase from Black Diamond Group's previous quarterly dividend of $0.03. The ex-dividend date of this dividend is Tuesday, December 31st. Black Diamond Group's dividend payout ratio (DPR) is currently 25.00%.

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.