Research Analysts Issue Forecasts for Doman Building Materials Group Ltd.’s Q2 2022 Earnings (TSE:DBM)

Doman Building Materials Group Ltd. (TSE:DBMGet Rating) – Raymond James reduced their Q2 2022 earnings per share (EPS) estimates for shares of Doman Building Materials Group in a note issued to investors on Tuesday, August 2nd. Raymond James analyst S. Hansen now anticipates that the company will post earnings of $0.30 per share for the quarter, down from their previous forecast of $0.53. Raymond James currently has a “Market Perform” rating and a $7.50 target price on the stock. The consensus estimate for Doman Building Materials Group’s current full-year earnings is $0.67 per share. Raymond James also issued estimates for Doman Building Materials Group’s FY2022 earnings at $1.07 EPS.

Several other research analysts also recently issued reports on the company. Stifel Nicolaus downgraded Doman Building Materials Group from a “buy” rating to a “hold” rating and reduced their price objective for the stock from C$9.00 to C$7.00 in a report on Monday, June 6th. CIBC downgraded Doman Building Materials Group from an “outperform” rating to a “hold” rating and reduced their price objective for the stock from C$9.00 to C$7.50 in a report on Friday, July 8th. Finally, Royal Bank of Canada downgraded Doman Building Materials Group from an “outperform” rating to a “hold” rating and reduced their price objective for the stock from C$10.00 to C$7.00 in a report on Monday, July 18th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Doman Building Materials Group has an average rating of “Hold” and a consensus target price of C$8.83.

Doman Building Materials Group Stock Down 4.0 %

Shares of DBM opened at C$5.95 on Friday. The company has a market capitalization of C$516.67 million and a P/E ratio of 4.54. The company has a debt-to-equity ratio of 181.45, a current ratio of 3.20 and a quick ratio of 1.38. Doman Building Materials Group has a one year low of C$5.83 and a one year high of C$8.82. The business’s 50 day simple moving average is C$6.47 and its 200-day simple moving average is C$7.32.

Doman Building Materials Group (TSE:DBMGet Rating) last announced its earnings results on Thursday, August 4th. The company reported C$0.24 EPS for the quarter, missing the consensus estimate of C$0.40 by C($0.16). The firm had revenue of C$870.72 million during the quarter, compared to analyst estimates of C$866.20 million.

Insider Activity

In other news, Director Marc Seguin acquired 8,100 shares of the stock in a transaction that occurred on Thursday, June 30th. The stock was acquired at an average price of C$6.10 per share, for a total transaction of C$49,410.00. Following the transaction, the director now directly owns 231,300 shares in the company, valued at C$1,410,930.

Doman Building Materials Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Friday, July 15th were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 9.41%. The ex-dividend date was Wednesday, June 29th. Doman Building Materials Group’s dividend payout ratio (DPR) is currently 39.69%.

Doman Building Materials Group Company Profile

(Get Rating)

Doman Building Materials Group Ltd. distributes building materials and related products in Canada, the United States, and Hawai. It distributes a range of building materials, lumber, renovation, and electrical products. The company owns approximately 117,000 acres of private timberlands, and strategic licenses and tenures.

See Also

Earnings History and Estimates for Doman Building Materials Group (TSE:DBM)

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