TSE:DBM FY2024 EPS Boosted by National Bank Financial

Doman Building Materials Group Ltd. (TSE:DBM - Free Report) - Analysts at National Bank Financial upped their FY2024 earnings per share estimates for shares of Doman Building Materials Group in a note issued to investors on Sunday, November 10th. National Bank Financial analyst Z. Evershed now anticipates that the company will post earnings per share of $0.65 for the year, up from their prior estimate of $0.59. 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 Q4 2024 earnings at $0.10 EPS, FY2025 earnings at $0.93 EPS and FY2026 earnings at $1.10 EPS.

Other equities analysts have also issued research reports about the company. Canaccord Genuity Group lifted their price target on Doman Building Materials Group from C$9.00 to C$11.00 and gave the company a "buy" rating in a research note on Wednesday, October 2nd. Stifel Nicolaus increased their target price on Doman Building Materials Group from C$9.25 to C$10.00 and gave the company a "buy" rating in a research report on Thursday, October 17th. CIBC upped their price objective on shares of Doman Building Materials Group from C$8.50 to C$9.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 2nd. Raymond James boosted their target price on 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. Finally, National Bankshares upped their price objective on Doman Building Materials Group from C$8.50 to C$12.00 and gave the company an "outperform" rating in a report on Monday, October 7th. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of C$10.64.

Doman Building Materials Group Stock Performance

DBM remained flat at C$9.08 on Tuesday. 144,079 shares of the company's stock were exchanged, compared to its average volume of 196,956. The company has a 50-day moving average price of C$8.14 and a 200-day moving average price of C$7.48. The company 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 one year low of C$6.32 and a one year high of C$9.17. The company has a current ratio of 3.78, a quick ratio of 1.11 and a debt-to-equity ratio of 132.33.

Doman Building Materials Group (TSE:DBM - Get Free Report) last posted its earnings results on Friday, August 9th. The company reported C$0.20 earnings per share (EPS) 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 analyst estimates of C$742.90 million. Doman Building Materials Group had a net margin of 2.56% and a return on equity of 10.63%.

Doman Building Materials Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Friday, September 27th were given a $0.14 dividend. The ex-dividend date was Friday, September 27th. This represents a $0.56 annualized dividend and a yield of 6.17%. 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.