TSE:DBM FY2025 EPS Forecast Reduced by Stifel Canada

Doman Building Materials Group Ltd. (TSE:DBM - Free Report) - Analysts at Stifel Canada dropped their FY2025 earnings per share estimates for Doman Building Materials Group in a report issued on Wednesday, April 16th. Stifel Canada analyst I. Gillies now forecasts that the company will post earnings of $0.39 per share for the year, down from their previous estimate of $0.48. The consensus estimate for Doman Building Materials Group's current full-year earnings is $0.81 per share. Stifel Canada also issued estimates for Doman Building Materials Group's FY2026 earnings at $0.44 EPS.

DBM has been the subject of a number of other research reports. Raymond James cut their target price on shares of Doman Building Materials Group from C$12.00 to C$11.50 in a research report on Thursday, January 30th. Cibc World Mkts cut Doman Building Materials Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday. CIBC downgraded Doman Building Materials Group from an "outperform" rating to a "neutral" rating and set a C$7.50 price target for the company. in a research report on Tuesday. Royal Bank of Canada decreased their price objective on Doman Building Materials Group from C$11.00 to C$10.00 and set an "outperform" rating on the stock in a research note on Tuesday. Finally, Stifel Nicolaus cut their target price on shares of Doman Building Materials Group from C$9.00 to C$8.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of C$9.93.

Doman Building Materials Group Price Performance

Shares of TSE:DBM traded down C$0.04 during midday trading on Friday, hitting C$6.81. 177,399 shares of the stock were exchanged, compared to its average volume of 235,158. Doman Building Materials Group has a twelve month low of C$6.30 and a twelve month high of C$9.96. The company has a current ratio of 2.94, a quick ratio of 1.11 and a debt-to-equity ratio of 112.91. The company has a 50 day moving average price of C$6.99 and a 200-day moving average price of C$8.09. The stock has a market cap of C$595.19 million, a P/E ratio of 10.53 and a beta of 1.53.

Insider Buying and Selling

In other news, Director Marc Seguin purchased 10,000 shares of the company's stock in a transaction on Tuesday, March 4th. The stock was bought at an average cost of C$6.93 per share, for a total transaction of C$69,300.00. 20.04% of the stock is currently owned by company insiders.

Doman Building Materials Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th were issued a $0.14 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.56 dividend on an annualized basis and a yield of 8.22%. Doman Building Materials Group's payout ratio is 86.55%.

About Doman Building Materials Group

Doman Building Materials Group Ltd is a wholesale distributor of building materials and home renovation products. The company services the new home construction, home renovation and industrial markets by supplying the retail and wholesale lumber and building materials industry, hardware stores, industrial and furniture manufacturers and similar concerns.