Black Diamond Group Limited (TSE:BDI) Announces $0.03 Quarterly Dividend

Black Diamond Group Limited (TSE:BDI) declared a quarterly dividend on Thursday, August 1st, Zacks reports. Shareholders of record on Monday, September 30th will be given a dividend of 0.03 per share on Tuesday, October 15th. This represents a $0.12 annualized dividend and a yield of 1.29%. The ex-dividend date is Monday, September 30th.

Black Diamond Group Trading Up 0.9 %

Shares of TSE BDI traded up C$0.08 during midday trading on Friday, hitting C$9.32. The stock had a trading volume of 77,702 shares, compared to its average volume of 54,485. The firm has a market cap of C$571.97 million, a P/E ratio of 21.18 and a beta of 1.62. Black Diamond Group has a fifty-two week low of C$5.80 and a fifty-two week high of C$9.92. The company has a debt-to-equity ratio of 73.81, a current ratio of 1.14 and a quick ratio of 1.05. The company’s 50-day simple moving average is C$8.25 and its 200 day simple moving average is C$8.59.

Black Diamond Group (TSE:BDI) last announced its quarterly earnings data on Thursday, May 2nd. The company reported C$0.02 EPS for the quarter, missing analysts’ consensus estimates of C$0.08 by C($0.06). The firm had revenue of C$73.60 million during the quarter, compared to analyst estimates of C$88.60 million. Black Diamond Group had a return on equity of 9.95% and a net margin of 7.11%. Research analysts anticipate that Black Diamond Group will post 0.4202128 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on BDI shares. Canaccord Genuity Group lowered their price target on shares of Black Diamond Group from C$11.00 to C$10.25 and set a “buy” rating for the company in a research report on Monday, May 6th. BMO Capital Markets upped their target price on shares of Black Diamond Group from C$11.00 to C$12.00 in a research report on Friday.

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.