National Bank Financial Brokers Reduce Earnings Estimates for Doman Building Materials Group Ltd. (TSE:DBM)

Doman Building Materials Group Ltd. (TSE:DBM) – National Bank Financial reduced their Q3 2024 earnings per share (EPS) estimates for Doman Building Materials Group in a report released on Sunday, October 6th. National Bank Financial analyst Z. Evershed now anticipates that the company will post earnings of $0.13 per share for the quarter, down from their previous forecast of $0.17. The consensus estimate for Doman Building Materials Group’s current full-year earnings is $0.81 per share. National Bank Financial also issued estimates for Doman Building Materials Group’s FY2026 earnings at $1.05 EPS.

A number of other equities analysts also recently commented on DBM. Royal Bank of Canada reduced their target price on shares of Doman Building Materials Group from C$10.00 to C$9.00 in a report on Thursday, July 11th. CIBC boosted their price target on Doman Building Materials Group from C$8.50 to C$9.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 2nd. Canaccord Genuity Group boosted their price target on Doman Building Materials Group from C$9.00 to C$11.00 and gave the stock a “buy” rating in a research note on Wednesday, October 2nd. National Bankshares boosted their price target on Doman Building Materials Group from C$8.50 to C$12.00 and gave the stock an “outperform” rating in a research note on Monday. Finally, Stifel Nicolaus boosted their price target on Doman Building Materials Group from C$9.00 to C$9.25 and gave the stock a “buy” rating in a research note on Wednesday, October 2nd. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of C$10.29.

Doman Building Materials Group Stock Performance

Shares of Doman Building Materials Group stock opened at C$8.87 on Tuesday. The company has a market capitalization of C$774.26 million, a PE ratio of 12.32 and a beta of 1.53. The company has a debt-to-equity ratio of 132.33, a quick ratio of 1.11 and a current ratio of 3.78. The company has a 50-day simple moving average of C$7.35 and a two-hundred day simple moving average of C$7.39. Doman Building Materials Group has a one year low of C$6.32 and a one year high of C$8.88.

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

Doman Building Materials Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Friday, September 27th will be given a $0.14 dividend. The ex-dividend date is Friday, September 27th. This represents a $0.56 dividend on an annualized basis and a yield of 6.31%. Doman Building Materials Group’s dividend payout ratio is currently 77.78%.

About Doman Building Materials Group

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.