FY2024 Earnings Forecast for TSE:DBM Issued By Stifel Canada

Doman Building Materials Group Ltd. (TSE:DBM - Free Report) - Research analysts at Stifel Canada raised their FY2024 earnings estimates for shares of Doman Building Materials Group in a research note issued on Sunday, November 10th. Stifel Canada analyst I. Gillies now forecasts that the company will post earnings per share of $0.70 for the year, up from their prior forecast 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 - Get Free Report) last issued its quarterly earnings results on Friday, August 9th. The company reported C$0.20 earnings per share for the quarter, missing the consensus estimate of C$0.22 by C($0.02). The firm had revenue of C$689.83 million during the quarter, compared to analysts' expectations of C$742.90 million. Doman Building Materials Group had a return on equity of 10.63% and a net margin of 2.56%.

A number of other brokerages have also weighed in on DBM. Raymond James boosted 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 report 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. Stifel Nicolaus upped their price target on Doman Building Materials Group from C$9.25 to C$10.00 and gave the company a "buy" rating in a report on Thursday, October 17th. TD Securities lifted their price objective on Doman Building Materials Group from C$11.50 to C$12.00 in a report on Tuesday, October 22nd. Finally, National Bankshares boosted 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 research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of C$10.64.

Doman Building Materials Group Price Performance

Shares of DBM stock remained flat at C$9.08 during mid-day trading on Tuesday. 144,079 shares of the stock were exchanged, compared to its average volume of 196,956. The company has a current ratio of 3.78, a quick ratio of 1.11 and a debt-to-equity ratio of 132.33. The firm's 50 day simple moving average is C$8.14 and its 200-day simple moving average is C$7.48. The firm has a market cap of C$792.59 million, a P/E ratio of 12.61 and a beta of 1.53. Doman Building Materials Group has a 1 year low of C$6.32 and a 1 year high of C$9.17.

Doman Building Materials Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Friday, September 27th were given a dividend of $0.14 per share. The ex-dividend date 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 payout ratio is currently 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.