Analysts Set Expectations for TSE:BDI FY2024 Earnings

Black Diamond Group Limited (TSE:BDI) – Equities researchers at Cormark issued their FY2024 earnings per share estimates for Black Diamond Group in a research note issued on Wednesday, December 18th. Cormark analyst K. Mcphee forecasts that the company will post earnings of $0.41 per share for the year. Cormark currently has a “Moderate Buy” rating on the stock. 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 FY2025 earnings at $0.39 EPS and FY2026 earnings at $0.59 EPS.

Black Diamond Group Price Performance

TSE BDI opened at C$9.41 on Monday. The company has a current ratio of 1.18, a quick ratio of 1.05 and a debt-to-equity ratio of 84.84. Black Diamond Group has a 1 year low of C$7.40 and a 1 year high of C$10.27. The company has a market cap of C$563.75 million, a PE ratio of 19.60 and a beta of 1.54. The stock’s 50-day moving average price is C$9.07 and its two-hundred day moving average price is C$9.03.

Black Diamond Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.035 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.49%. This is a positive change from Black Diamond Group’s previous quarterly dividend of $0.03. Black Diamond Group’s payout ratio is currently 25.00%.

Insider Activity at Black Diamond Group

In other Black Diamond Group news, Senior Officer Tobias Gerald Labrie sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of C$9.40, for a total transaction of C$141,000.00. Also, Senior Officer Michael Lenard Ridley sold 9,329 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of C$9.37, for a total value of C$87,412.73. In the last 90 days, insiders sold 58,049 shares of company stock worth $545,432. 23.83% of the stock is owned by corporate insiders.

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.