Doman Building Materials Group Ltd. (TSE:DBM – Get Rating) – Stock analysts at National Bank Financial boosted their FY2023 EPS estimates for shares of Doman Building Materials Group in a research report issued to clients and investors on Wednesday, January 18th. National Bank Financial analyst Z. Evershed now expects that the company will post earnings of $0.28 per share for the year, up from their previous forecast of $0.20. The consensus estimate for Doman Building Materials Group’s current full-year earnings is $0.39 per share. National Bank Financial also issued estimates for Doman Building Materials Group’s FY2024 earnings at $0.50 EPS.
A number of other analysts also recently issued reports on DBM. National Bankshares increased their price target on shares of Doman Building Materials Group from C$6.50 to C$7.50 and gave the stock an “outperform” rating in a report on Thursday. Canaccord Genuity Group reduced their target price on shares of Doman Building Materials Group from C$5.50 to C$5.00 in a research report on Monday, November 7th. Raymond James cut their price objective on shares of Doman Building Materials Group from C$7.50 to C$6.50 and set a “market perform” rating for the company in a research report on Tuesday, November 8th. Stifel Nicolaus lifted their price target on shares of Doman Building Materials Group from C$6.25 to C$6.50 in a research report on Monday, November 7th. Finally, CIBC lowered their price objective on shares of Doman Building Materials Group from C$7.50 to C$6.25 in a research note on Tuesday, October 4th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of C$6.46.
Doman Building Materials Group Stock Up 1.0 %
Doman Building Materials Group (TSE:DBM – Get Rating) last posted its quarterly earnings data on Thursday, November 3rd. The company reported C$0.13 EPS for the quarter, topping the consensus estimate of C$0.09 by C$0.04. The firm had revenue of C$744.12 million for the quarter, compared to the consensus estimate of C$658.23 million.
Doman Building Materials Group Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, January 13th. Shareholders of record on Friday, December 30th were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 7.99%. The ex-dividend date was Thursday, December 29th. Doman Building Materials Group’s dividend payout ratio is presently 57.14%.
Doman Building Materials Group Company Profile
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.
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