Black Diamond Group (TSE:BDI) Issues Quarterly Earnings Results

Black Diamond Group (TSE:BDI) announced its earnings results on Thursday. The company reported C$0.04 earnings per share (EPS) for the quarter, FiscalAI reports. Black Diamond Group had a net margin of 7.62% and a return on equity of 9.85%. The company had revenue of C$129.98 million for the quarter.

Black Diamond Group Stock Down 0.9%

Shares of Black Diamond Group stock traded down C$0.15 on Thursday, reaching C$16.95. 143,459 shares of the company were exchanged, compared to its average volume of 147,108. Black Diamond Group has a 1-year low of C$8.03 and a 1-year high of C$18.75. The company has a market cap of C$1.15 billion, a P/E ratio of 31.39 and a beta of 1.11. The company has a debt-to-equity ratio of 101.87, a current ratio of 1.42 and a quick ratio of 1.05. The stock’s 50 day moving average price is C$16.63 and its 200-day moving average price is C$15.59.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on BDI. Canaccord Genuity Group lifted their price target on Black Diamond Group from C$17.00 to C$20.00 and gave the stock a “buy” rating in a report on Tuesday, March 3rd. BMO Capital Markets boosted their price objective on Black Diamond Group from C$18.00 to C$20.00 in a research report on Friday, January 16th. Finally, Raymond James Financial downgraded Black Diamond Group from a “strong-buy” rating to a “moderate buy” rating and boosted their price objective for the stock from C$18.00 to C$20.00 in a research report on Tuesday, January 20th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of C$19.25.

Insider Buying and Selling

In related news, insider Tobias Gerald Labrie sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of C$16.00, for a total value of C$320,000.00. Following the completion of the transaction, the insider directly owned 530,215 shares of the company’s stock, valued at C$8,483,440. This represents a 3.63% decrease in their ownership of the stock. Also, Director Elizabeth Kernaghan sold 146,500 shares of the company’s stock in a transaction that occurred on Wednesday, March 25th. The shares were sold at an average price of C$16.15, for a total value of C$2,365,975.00. Following the completion of the transaction, the director directly owned 605,900 shares of the company’s stock, valued at C$9,785,285. This trade represents a 19.47% decrease in their ownership of the stock. Insiders sold 170,400 shares of company stock valued at $2,748,767 over the last ninety days. 23.83% of the stock is currently owned by corporate insiders.

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. From its locations, the company serves multiple sectors including oil and gas, mining, power, construction, engineering, military, government, and education.