Raymond James Analysts Reduce Earnings Estimates for TSE:DBM

Doman Building Materials Group Ltd. (TSE:DBM - Free Report) - Raymond James decreased their FY2024 earnings per share estimates for Doman Building Materials Group in a report released on Monday, October 21st. Raymond James analyst D. Swetlishoff now expects that the company will post earnings of $0.62 per share for the year, down from their previous estimate of $0.64. Raymond James currently has a "Strong-Buy" rating and a $11.50 price target on the stock. The consensus estimate for Doman Building Materials Group's current full-year earnings is $0.81 per share. Raymond James also issued estimates for Doman Building Materials Group's FY2025 earnings at $1.07 EPS and FY2026 earnings at $1.18 EPS.

A number of other equities analysts have also weighed in on the company. Royal Bank of Canada lowered their price objective on Doman Building Materials Group from C$10.00 to C$9.00 in a research note on Thursday, July 11th. National Bankshares boosted their price objective 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, October 7th. CIBC upped their price target on 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, October 2nd. Canaccord Genuity Group upped 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. Finally, TD Securities upped their price target on Doman Building Materials Group from C$11.50 to C$12.00 in a research note on Tuesday. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of C$10.64.

Doman Building Materials Group Trading Up 0.7 %

TSE DBM traded up C$0.06 on Thursday, reaching C$8.50. 106,708 shares of the company were exchanged, compared to its average volume of 196,859. The business's fifty day moving average price is C$7.75 and its 200 day moving average price is C$7.43. The stock has a market capitalization of C$741.97 million, a P/E ratio of 11.72 and a beta of 1.53. 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 has a fifty-two week low of C$6.32 and a fifty-two week high of C$9.15.

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 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 for 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%.

Doman Building Materials Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Friday, September 27th were issued a dividend of $0.14 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.56 annualized dividend and a yield of 6.59%. Doman Building Materials Group's dividend payout ratio (DPR) is 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.