Brokers Set Expectations for Doman Building Materials Group Ltd.’s FY2024 Earnings (TSE:DBM)

Doman Building Materials Group Ltd. (TSE:DBM) – Equities research analysts at Raymond James lowered their FY2024 earnings estimates for Doman Building Materials Group in a report released on Monday, August 12th. Raymond James analyst D. Swetlishoff now expects that the company will post earnings per share of $0.62 for the year, down from their previous estimate of $0.66. Raymond James has a “Strong-Buy” rating and a $9.75 price target on the stock. The consensus estimate for Doman Building Materials Group’s current full-year earnings is $0.74 per share. Raymond James also issued estimates for Doman Building Materials Group’s FY2025 earnings at $0.89 EPS.

Several other analysts also recently issued reports on DBM. CIBC lowered their price target on Doman Building Materials Group from C$9.00 to C$8.50 in a report on Thursday, July 18th. National Bankshares lowered their target price on Doman Building Materials Group from C$10.50 to C$8.50 and set an “outperform” rating for the company in a research note on Tuesday. Canaccord Genuity Group reduced their price target on Doman Building Materials Group from C$10.00 to C$9.00 and set a “buy” rating on the stock in a research report on Tuesday, May 14th. Finally, Royal Bank of Canada dropped their price objective on shares of Doman Building Materials Group from C$10.00 to C$9.00 in a research note on Thursday, July 11th. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Doman Building Materials Group presently has a consensus rating of “Buy” and an average price target of C$9.29.

Doman Building Materials Group Price Performance

Doman Building Materials Group stock opened at C$6.82 on Wednesday. The firm has a fifty day moving average of C$6.95 and a 200-day moving average of C$7.53. Doman Building Materials Group has a 52-week low of C$6.32 and a 52-week high of C$8.64. The company has a quick ratio of 1.11, a current ratio of 1.30 and a debt-to-equity ratio of 142.37. The firm has a market capitalization of C$594.29 million, a P/E ratio of 7.93 and a beta of 1.58.

Doman Building Materials Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 12th. Stockholders of record on Friday, June 28th were given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 8.21%. The ex-dividend date of this dividend was Friday, June 28th. Doman Building Materials Group’s payout ratio is currently 65.12%.

Insider Activity

In other news, Director Amar Doman purchased 73,500 shares of the firm’s stock in a transaction that occurred on Thursday, May 30th. The stock was acquired at an average cost of C$7.13 per share, for a total transaction of C$524,415.15. Company insiders own 19.98% of the company’s stock.

Doman Building Materials Group Company Profile

Doman Building Materials Group Ltd., through its subsidiaries, engages in the wholesale distribution of building materials and home renovation products in the United States and Canada. The company offers treated wood; siding and trim; decking and aluminum railing; engineered wood products; roofing products; insulation and wrap products; and lumber and plywood products.