Brokerages expect that Black Diamond Inc (NASDAQ:BDE) will announce earnings per share (EPS) of ($0.01) for the current quarter, according to Zacks. Four analysts have made estimates for Black Diamond’s earnings, with estimates ranging from ($0.04) to $0.00. Black Diamond reported earnings of ($0.08) per share in the same quarter last year, which indicates a positive year over year growth rate of 87.5%. The firm is scheduled to report its next quarterly earnings report on Monday, August 7th.
According to Zacks, analysts expect that Black Diamond will report full year earnings of $0.18 per share for the current year, with EPS estimates ranging from $0.15 to $0.20. For the next fiscal year, analysts expect that the company will post earnings of $0.32 per share, with EPS estimates ranging from $0.29 to $0.35. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Black Diamond.
Black Diamond (NASDAQ:BDE) last posted its quarterly earnings data on Monday, May 8th. The company reported $0.01 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.01. The firm had revenue of $41.56 million during the quarter, compared to analyst estimates of $39.22 million. Black Diamond had a negative net margin of 18.77% and a negative return on equity of 1.89%. The company’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter last year, the business posted ($0.07) EPS.
A number of research analysts recently weighed in on the stock. Stifel Nicolaus downgraded shares of Black Diamond from a “buy” rating to a “hold” rating and increased their price objective for the company from $5.50 to $6.00 in a research report on Tuesday, March 7th. Zacks Investment Research downgraded shares of Black Diamond from a “buy” rating to a “hold” rating in a research report on Friday, January 20th.
Shares of Black Diamond (NASDAQ:BDE) opened at 5.75 on Wednesday. The firm has a 50-day moving average of $5.36 and a 200 day moving average of $5.63. Black Diamond has a 1-year low of $3.93 and a 1-year high of $6.85.
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Hedge funds and other institutional investors have recently modified their holdings of the stock. Marquette Asset Management Inc. acquired a new stake in shares of Black Diamond during the first quarter worth approximately $125,000. Wallace Capital Management Inc. boosted its stake in shares of Black Diamond by 24.6% in the fourth quarter. Wallace Capital Management Inc. now owns 24,050 shares of the company’s stock worth $129,000 after buying an additional 4,750 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Black Diamond during the fourth quarter worth approximately $160,000. Searle & CO. acquired a new stake in shares of Black Diamond during the fourth quarter worth approximately $300,000. Finally, Oxford Asset Management boosted its stake in shares of Black Diamond by 361.5% in the fourth quarter. Oxford Asset Management now owns 62,550 shares of the company’s stock worth $335,000 after buying an additional 48,996 shares in the last quarter. Institutional investors own 40.79% of the company’s stock.
About Black Diamond
Black Diamond, Inc, through its ownership of Black Diamond Equipment, Ltd., is engaged in designing, manufacturing and marketing of active outdoor performance equipment and apparel for climbing, mountaineering, backpacking, skiing and a range of other year-round outdoor recreation activities. Its principal brands include Black Diamond and PIEPS.
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