Dominion Diamond Corp (NYSE:DDC) (TSE:DDC) – Research analysts at Gabelli issued their FY2017 EPS estimates for shares of Dominion Diamond Corp in a research report issued on Monday, according to Zacks Investment Research. Gabelli analyst C. Mancini expects that the basic materials company will earn $0.01 per share for the year. Gabelli has a “Buy” rating on the stock. Gabelli also issued estimates for Dominion Diamond Corp’s FY2018 earnings at $0.87 EPS, FY2019 earnings at $0.77 EPS, FY2020 earnings at $1.17 EPS, FY2021 earnings at $0.40 EPS and FY2022 earnings at $0.57 EPS.
Dominion Diamond Corp (NYSE:DDC) last released its quarterly earnings data on Wednesday, April 12th. The basic materials company reported $0.08 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by $0.01. The business earned $129.90 million during the quarter, compared to the consensus estimate of $297.52 million. Dominion Diamond Corp had a negative return on equity of 0.65% and a negative net margin of 6.47%. The firm’s quarterly revenue was down 27.1% on a year-over-year basis. During the same period last year, the business posted ($0.41) earnings per share.
Separately, Royal Bank of Canada set a $10.00 target price on shares of Dominion Diamond Corp and gave the stock a “hold” rating in a research report on Thursday, February 23rd. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Dominion Diamond Corp presently has an average rating of “Buy” and an average price target of $14.28.
Dominion Diamond Corp (NYSE:DDC) traded down 0.90% on Wednesday, reaching $12.09. 303,111 shares of the company traded hands. Dominion Diamond Corp has a 1-year low of $7.92 and a 1-year high of $13.31. The stock has a market capitalization of $978.71 million, a price-to-earnings ratio of 6045.00 and a beta of 0.80. The stock’s 50-day moving average is $11.28 and its 200-day moving average is $9.90.
Several institutional investors have recently modified their holdings of DDC. Zacks Investment Management raised its position in shares of Dominion Diamond Corp by 1.9% in the third quarter. Zacks Investment Management now owns 305,715 shares of the basic materials company’s stock worth $2,978,000 after buying an additional 5,678 shares in the last quarter. Intrepid Capital Management Inc. bought a new position in shares of Dominion Diamond Corp during the third quarter worth $5,060,000. Geneva Advisors LLC raised its position in shares of Dominion Diamond Corp by 3.0% in the third quarter. Geneva Advisors LLC now owns 56,790 shares of the basic materials company’s stock worth $553,000 after buying an additional 1,630 shares in the last quarter. Schroder Investment Management Group raised its position in shares of Dominion Diamond Corp by 5.2% in the third quarter. Schroder Investment Management Group now owns 960,596 shares of the basic materials company’s stock worth $12,248,000 after buying an additional 47,700 shares in the last quarter. Finally, Advisor Group Inc. raised its position in shares of Dominion Diamond Corp by 2,354.4% in the third quarter. Advisor Group Inc. now owns 32,275 shares of the basic materials company’s stock worth $314,000 after buying an additional 30,960 shares in the last quarter. Hedge funds and other institutional investors own 41.04% of the company’s stock.
The business also recently announced a semiannual dividend, which will be paid on Monday, June 5th. Investors of record on Wednesday, May 17th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, May 15th. This represents a dividend yield of 3.18%. Dominion Diamond Corp’s dividend payout ratio is -85.11%.
Dominion Diamond Corp Company Profile
Dominion Diamond Corp is a diamond mining company. The Company is focused on the mining and marketing of rough diamonds to the global market. The Company’s segments include the Ekati Diamond Mine, the Diavik Diamond Mine and the Corporate segment. It supplies rough diamonds to the global market from its operation of the Ekati Diamond Mine (in which it owns a controlling interest) and its approximately 40% ownership interest in the Diavik Diamond Mine.
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