Cormark Has Pessimistic Outlook of TSE:BDI FY2025 Earnings

Key Points

• Cormark has revised its FY2025 earnings per share estimate for Black Diamond Group down to $0.46, slightly below the consensus estimate of $0.53.
• Multiple research firms have raised their price targets for Black Diamond Group to C$17.00, maintaining a "buy" rating on the stock.
• The company has announced a quarterly dividend of $0.035 per share, representing an annualized yield of 1.0% with a payout ratio of 26.47%.

Black Diamond Group Limited (TSE:BDI - Free Report) - Stock analysts at Cormark dropped their FY2025 earnings per share estimates for shares of Black Diamond Group in a research note issued on Tuesday, September 23rd. Cormark analyst K. Mcphee now forecasts that the company will post earnings of $0.46 per share for the year, down from their previous estimate of $0.48. 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 $0.69 EPS and FY2027 earnings at $1.02 EPS.

Several other research firms have also weighed in on BDI. Acumen Capital lifted their price objective on Black Diamond Group from C$14.50 to C$17.00 and gave the stock a "buy" rating in a research report on Tuesday. BMO Capital Markets lifted their price objective on Black Diamond Group from C$15.00 to C$17.00 in a research report on Tuesday. Finally, Canaccord Genuity Group lifted their price objective on Black Diamond Group from C$13.50 to C$17.00 and gave the stock a "buy" rating in a research report on Wednesday. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of C$17.00.

Black Diamond Group Stock Down 0.8%

Shares of BDI opened at C$14.38 on Friday. The company has a market capitalization of C$947.47 million, a PE ratio of 28.20 and a beta of 0.75. Black Diamond Group has a 12 month low of C$7.60 and a 12 month high of C$14.56. The stock's 50-day moving average price is C$12.01 and its two-hundred day moving average price is C$10.13. The company has a current ratio of 1.17, a quick ratio of 1.05 and a debt-to-equity ratio of 88.46.

Black Diamond Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors 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 yield of 1.0%. Black Diamond Group's payout ratio is 26.47%.

Black Diamond Group Company Profile

Black Diamond Group Ltd rents and sells space rental solutions and modular workforce accommodations to business customers in Canada, the United States and Australia. The company also provides specialized field rentals to the oil and gas industries of Canada and the United States. Besides, Black Diamond Group provides turnkey lodging services, as well as a host of related services that include transportation, installation, dismantling, repairs, maintenance, and ancillary field equipment rentals.

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