Black Diamond Group Ltd (TSE:BDI) Forecasted to Post FY2020 Earnings of $0.05 Per Share

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Black Diamond Group Ltd (TSE:BDI) – Equities researchers at Raymond James dropped their FY2020 earnings per share (EPS) estimates for Black Diamond Group in a research report issued to clients and investors on Monday, August 12th. Raymond James analyst F. Bastien now forecasts that the company will post earnings per share of $0.05 for the year, down from their previous forecast of $0.06. Raymond James currently has a “Strong-Buy” rating and a $3.00 target price on the stock.

BDI has been the subject of several other reports. CIBC raised their price target on shares of Black Diamond Group from C$2.25 to C$2.50 in a report on Monday, May 6th. GMP Securities reaffirmed a “hold” rating and set a C$2.75 price objective on shares of Black Diamond Group in a report on Thursday, May 2nd. BMO Capital Markets dropped their price objective on shares of Black Diamond Group from C$3.00 to C$2.00 in a report on Friday, August 9th. Finally, National Bank Financial dropped their price objective on shares of Black Diamond Group from C$3.00 to C$2.60 and set an “outperform” rating for the company in a report on Thursday. Three analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of C$2.91.

Shares of TSE:BDI opened at C$1.65 on Wednesday. The firm has a fifty day moving average price of C$1.90 and a two-hundred day moving average price of C$2.01. The company has a debt-to-equity ratio of 54.17, a current ratio of 1.12 and a quick ratio of 1.00. Black Diamond Group has a one year low of C$1.51 and a one year high of C$3.96. The company has a market cap of $90.35 million and a price-to-earnings ratio of -6.47.

About Black Diamond Group

Black Diamond Group Limited rents and sells workspace and modular 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 construction, real estate development, manufacturing, education, financial, and resource industries, as well as government agencies in North America.

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Earnings History and Estimates for Black Diamond Group (TSE:BDI)

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