Black Diamond Group (BDI) to Release Quarterly Earnings on Thursday

Black Diamond Group (TSE:BDI) will announce its earnings results after the market closes on Thursday, October 31st. Analysts expect the company to announce earnings of C$0.15 per share for the quarter.

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

Black Diamond Group Stock Up 0.5 %

BDI stock opened at C$9.15 on Tuesday. The company has a current ratio of 1.18, a quick ratio of 1.05 and a debt-to-equity ratio of 84.84. The firm has a 50 day simple moving average of C$9.64 and a 200-day simple moving average of C$8.84. The company has a market capitalization of C$548.18 million, a P/E ratio of 19.06 and a beta of 1.54. Black Diamond Group has a twelve month low of C$5.94 and a twelve month high of C$10.27.

Black Diamond Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 1.31%. The ex-dividend date was Monday, September 30th. Black Diamond Group’s dividend payout ratio is currently 25.00%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. BMO Capital Markets raised their price target on shares of Black Diamond Group from C$11.00 to C$12.00 in a research report on Friday, August 2nd. Raymond James lifted their price target on Black Diamond Group from C$12.00 to C$14.00 and gave the company a “strong-buy” rating in a report on Monday, August 26th.

Insider Buying and Selling at Black Diamond Group

In other news, Senior Officer Michael Lenard Ridley sold 8,000 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of C$10.15, for a total value of C$81,200.00. In other news, Senior Officer Edward John Redmond sold 80,000 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of C$9.80, for a total transaction of C$784,000.00. Also, Senior Officer Michael Lenard Ridley sold 8,000 shares of the business’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of C$10.15, for a total value of C$81,200.00. In the last 90 days, insiders have sold 123,000 shares of company stock valued at $1,215,370. Company insiders own 23.83% of the company’s stock.

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.