Black Diamond Group Limited (TSE:BDI – Get Rating) – Equities researchers at Cormark raised their Q1 2023 earnings per share (EPS) estimates for Black Diamond Group in a research report issued to clients and investors on Monday, March 6th. Cormark analyst B. Watson now anticipates that the company will post earnings of $0.12 per share for the quarter, up from their prior forecast of $0.08. The consensus estimate for Black Diamond Group's current full-year earnings is $0.41 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:BDI has been the subject of several other reports. Raymond James upped their target price on Black Diamond Group from C$8.00 to C$10.00 and gave the company a "strong-buy" rating in a report on Friday, March 3rd. Acumen Capital upped their target price on Black Diamond Group from C$8.50 to C$9.75 in a report on Monday, March 6th. Canaccord Genuity Group increased their price objective on Black Diamond Group from C$8.00 to C$8.50 in a report on Monday, March 6th. Finally, BMO Capital Markets increased their price objective on Black Diamond Group from C$7.00 to C$8.50 in a report on Friday, March 3rd.
Black Diamond Group Trading Down 0.2 %
Shares of TSE BDI opened at C$6.54 on Thursday. The stock has a market capitalization of C$388.08 million, a P/E ratio of 14.86 and a beta of 1.55. The stock's 50 day moving average price is C$5.72 and its two-hundred day moving average price is C$4.79. Black Diamond Group has a 52-week low of C$3.10 and a 52-week high of C$7.29. The company has a quick ratio of 1.05, a current ratio of 1.44 and a debt-to-equity ratio of 91.38.
Black Diamond Group Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, April 15th. Investors of record on Friday, March 31st will be issued a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date is Thursday, March 30th. Black Diamond Group's dividend payout ratio (DPR) is 18.18%.
Insider Buying and Selling
In other Black Diamond Group news, Director Steve Stein sold 7,700 shares of the company'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 completion of the sale, the director now directly owns 829,436 shares in the company, valued at C$3,815,405.60. In the last three months, insiders acquired 5,204 shares of company stock valued at $22,741 and sold 13,700 shares valued at $64,044. Corporate insiders own 24.17% of the company's stock.
Black Diamond Group Company Profile
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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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