Black Diamond Group Limited (TSE:BDI) to Post Q3 2024 Earnings of $0.15 Per Share, Raymond James Forecasts

Black Diamond Group Limited (TSE:BDI) – Equities researchers at Raymond James decreased their Q3 2024 earnings estimates for Black Diamond Group in a research report issued to clients and investors on Monday, September 30th. Raymond James analyst F. Bastien now forecasts that the company will earn $0.15 per share for the quarter, down from their previous forecast of $0.21. Raymond James currently has a “Strong-Buy” rating and a $14.00 target price on the stock. The consensus estimate for Black Diamond Group’s current full-year earnings is $0.54 per share. Raymond James also issued estimates for Black Diamond Group’s Q3 2025 earnings at $0.18 EPS, Q4 2025 earnings at $0.23 EPS, FY2025 earnings at $0.65 EPS and FY2026 earnings at $0.75 EPS.

Separately, BMO Capital Markets increased their target price on shares of Black Diamond Group from C$11.00 to C$12.00 in a research note on Friday, August 2nd.

Black Diamond Group Stock Down 2.6 %

Shares of TSE BDI opened at C$9.40 on Tuesday. The firm has a market cap of C$563.15 million, a PE ratio of 20.10 and a beta of 1.56. Black Diamond Group has a 12-month low of C$5.94 and a 12-month high of C$10.27. The company’s fifty day simple moving average is C$9.66 and its 200 day simple moving average is C$8.79. The company has a quick ratio of 1.05, a current ratio of 1.18 and a debt-to-equity ratio of 84.84.

Black Diamond Group (TSE:BDI) last posted its quarterly earnings data on Thursday, August 1st. The company reported C$0.12 earnings per share for the quarter, topping the consensus estimate of C$0.11 by C$0.01. The company had revenue of C$95.50 million during the quarter, compared to analysts’ expectations of C$93.70 million. Black Diamond Group had a net margin of 7.78% and a return on equity of 10.86%.

Insider Buying and Selling at Black Diamond Group

In other news, Senior Officer Edward John Redmond sold 20,000 shares of the stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of C$9.97, for a total value of C$199,400.00. In related news, Senior Officer Edward John Redmond sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of C$9.97, for a total transaction of C$199,400.00. Also, Senior Officer Michael Lenard Ridley sold 8,000 shares of Black Diamond Group stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of C$10.15, for a total transaction of C$81,200.00. Over the last three months, insiders have 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date is Monday, September 30th. Black Diamond Group’s dividend payout ratio (DPR) is 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.