Stifel Canada Brokers Increase Earnings Estimates for Doman Building Materials Group Ltd. (TSE:DBM)

Doman Building Materials Group Ltd. (TSE:DBM) – Research analysts at Stifel Canada lifted their FY2024 EPS estimates for shares of Doman Building Materials Group in a research note issued on Tuesday, October 1st. Stifel Canada analyst I. Gillies now expects that the company will post earnings of $0.66 per share for the year, up from their prior estimate of $0.65. The consensus estimate for Doman Building Materials Group’s current full-year earnings is $0.78 per share.

Doman Building Materials Group (TSE:DBM) last issued its earnings results on Friday, August 9th. The company reported C$0.20 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.22 by C($0.02). The company had revenue of C$689.83 million for 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%.

Other analysts also recently issued reports about the stock. Stifel Nicolaus boosted their target price on shares of Doman Building Materials Group from C$9.00 to C$9.25 and gave the stock a “buy” rating in a report on Wednesday. CIBC increased their price objective on shares of Doman Building Materials Group from C$8.50 to C$9.00 and gave the company an “outperform” rating in a research note on Wednesday. Canaccord Genuity Group raised their price target on shares of Doman Building Materials Group from C$9.00 to C$11.00 and gave the company a “buy” rating in a report on Wednesday. Royal Bank of Canada dropped their target price on Doman Building Materials Group from C$10.00 to C$9.00 in a research note on Thursday, July 11th. Finally, Raymond James lifted their price objective on shares of 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. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Doman Building Materials Group has an average rating of “Buy” and a consensus target price of C$9.71.

Doman Building Materials Group Stock Performance

TSE:DBM opened at C$8.76 on Thursday. The stock’s 50 day simple moving average is C$7.24 and its two-hundred day simple moving average is C$7.39. Doman Building Materials Group has a 1 year low of C$6.32 and a 1 year high of C$8.88. The company has a market cap of C$764.66 million, a price-to-earnings ratio of 12.17 and a beta of 1.52. The company has a debt-to-equity ratio of 132.33, a current ratio of 3.78 and a quick ratio of 1.11.

Doman Building Materials Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Friday, September 27th will be given a dividend of $0.14 per share. The ex-dividend date is Friday, September 27th. This represents a $0.56 annualized dividend and a yield of 6.39%. Doman Building Materials Group’s dividend payout ratio 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.