Black Diamond Group Limited (TSE:BDI – Get Rating) – Analysts at Cormark upped their Q1 2023 earnings per share (EPS) estimates for shares of Black Diamond Group in a research report issued to clients and investors on Monday, March 6th. Cormark analyst B. Watson now expects that the company will post earnings per share of $0.12 for the quarter, up from their previous forecast of $0.08. The consensus estimate for Black Diamond Group's current full-year earnings is $0.44 per share. Cormark also issued estimates for Black Diamond Group's Q2 2023 earnings at $0.13 EPS, Q3 2023 earnings at $0.16 EPS, Q4 2023 earnings at $0.17 EPS, FY2023 earnings at $0.58 EPS, Q1 2024 earnings at $0.16 EPS and FY2024 earnings at $0.66 EPS.
Get Black Diamond Group alerts:Several other research analysts have also issued reports on the company. Acumen Capital raised their target price on Black Diamond Group from C$8.50 to C$9.75 in a research report on Monday. Canaccord Genuity Group raised their target price on Black Diamond Group from C$8.00 to C$8.50 in a research report on Monday. Raymond James raised their target price on Black Diamond Group from C$8.00 to C$10.00 and gave the stock a "strong-buy" rating in a research report on Friday, March 3rd. Finally, BMO Capital Markets lifted their price objective on Black Diamond Group from C$7.00 to C$8.50 in a research report on Friday, March 3rd.
Black Diamond Group Stock Down 4.7 %
Shares of TSE:BDI opened at C$6.55 on Thursday. The firm has a market cap of C$388.22 million, a P/E ratio of 14.24 and a beta of 1.61. The company has a quick ratio of 1.05, a current ratio of 1.28 and a debt-to-equity ratio of 68.86. Black Diamond Group has a 12-month low of C$3.10 and a 12-month high of C$7.29. The business has a fifty day simple moving average of C$5.69 and a 200 day simple moving average of C$4.77.
Insider Buying and Selling at Black Diamond Group
In other news, Director Steve Stein sold 7,700 shares of the business's stock in a transaction that occurred on Wednesday, December 28th. The stock was sold at an average price of C$4.60, for a total value of C$35,420.00. Following the transaction, the director now owns 829,436 shares in the company, valued at approximately C$3,815,405.60. In the last quarter, insiders purchased 5,204 shares of company stock worth $22,741 and sold 13,700 shares worth $64,044. Company insiders own 24.18% of the company's stock.
Black Diamond Group Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Saturday, April 15th. Shareholders of record on Friday, March 31st will be paid a dividend of $0.02 per share. The ex-dividend date is Thursday, March 30th. This represents a $0.08 dividend on an annualized basis and a yield of 1.22%. Black Diamond Group's dividend payout ratio (DPR) is currently 17.39%.
About Black Diamond Group
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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.
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