Cormark Forecasts Increased Earnings for Black Diamond Group

Key Points

• Analyzed by Cormark, Black Diamond Group's FY2025 earnings per share estimate has been increased to $0.48, up from a previous estimate of $0.41.
• The company also announced a quarterly dividend of $0.035 per share, with a dividend yield of 1.2%.
• Black Diamond Group's current share price is around C$11.79, with a market capitalization of approximately C$734.05 million.

Black Diamond Group Limited (TSE:BDI - Free Report) - Research analysts at Cormark raised their FY2025 earnings per share estimates for Black Diamond Group in a note issued to investors on Monday, August 11th. Cormark analyst K. Mcphee now forecasts that the company will post earnings per share of $0.48 for the year, up from their prior estimate of $0.41. 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 FY2026 earnings at $0.55 EPS and FY2027 earnings at $0.84 EPS.

Black Diamond Group Trading Up 2.2%

TSE BDI opened at C$11.79 on Wednesday. Black Diamond Group has a 52 week low of C$7.60 and a 52 week high of C$12.40. The company has a debt-to-equity ratio of 88.46, a quick ratio of 1.05 and a current ratio of 1.17. The stock's 50 day moving average price is C$10.66 and its two-hundred day moving average price is C$9.40. The stock has a market capitalization of C$734.05 million, a price-to-earnings ratio of 29.86 and a beta of 1.54.

Black Diamond Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be given a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.2%. Black Diamond Group's dividend payout ratio is presently 30.40%.

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.

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