Stifel Canada Brokers Raise Earnings Estimates for TSE:DBM

Doman Building Materials Group Ltd. (TSE:DBM) – Research analysts at Stifel Canada raised their FY2024 EPS estimates for shares of Doman Building Materials Group in a research note issued to investors on Sunday, November 10th. Stifel Canada analyst I. Gillies now anticipates that the company will post earnings per share of $0.70 for the year, up from their prior estimate of $0.66. The consensus estimate for Doman Building Materials Group’s current full-year earnings is $0.81 per share.

Doman Building Materials Group (TSE:DBM) last issued its earnings results on Friday, August 9th. The company reported C$0.20 EPS for the quarter, missing the consensus estimate of C$0.22 by C($0.02). The business had revenue of C$689.83 million for the quarter, compared to analysts’ expectations of C$742.90 million. Doman Building Materials Group had a net margin of 2.56% and a return on equity of 10.63%.

Other analysts also recently issued research reports about the stock. TD Securities raised their price target on shares of Doman Building Materials Group from C$11.50 to C$12.00 in a report on Tuesday, October 22nd. Stifel Nicolaus lifted their target price on shares of Doman Building Materials Group from C$9.25 to C$10.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th. Raymond James raised their price target on Doman Building Materials Group from C$9.75 to C$11.50 and gave the stock a “strong-buy” rating in a research note on Wednesday, October 2nd. Canaccord Genuity Group upped their price objective on Doman Building Materials Group from C$9.00 to C$11.00 and gave the company a “buy” rating in a research report on Wednesday, October 2nd. Finally, National Bankshares raised their target price on Doman Building Materials Group from C$8.50 to C$12.00 and gave the stock an “outperform” rating in a research report on Monday, October 7th. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of C$10.64.

Doman Building Materials Group Trading Up 4.2 %

Doman Building Materials Group stock opened at C$9.08 on Tuesday. Doman Building Materials Group has a one year low of C$6.32 and a one year high of C$9.17. The business’s fifty day moving average is C$8.10 and its 200 day moving average is C$7.47. The company has a debt-to-equity ratio of 132.33, a current ratio of 3.78 and a quick ratio of 1.11. The stock has a market capitalization of C$792.59 million, a PE ratio of 12.60 and a beta of 1.53.

Doman Building Materials Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Friday, September 27th were paid a dividend of $0.14 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 6.17%. Doman Building Materials Group’s dividend payout ratio (DPR) is presently 77.78%.

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.