Doman Building Materials Group Ltd. (TSE:DBM – Get Rating) – Analysts at Raymond James issued their Q1 2023 earnings per share (EPS) estimates for Doman Building Materials Group in a report issued on Monday, March 13th. Raymond James analyst S. Hansen anticipates that the company will post earnings of $0.11 per share for the quarter. Raymond James has a “Market Perform” rating and a $7.00 price target on the stock. The consensus estimate for Doman Building Materials Group’s current full-year earnings is $0.47 per share. Raymond James also issued estimates for Doman Building Materials Group’s Q2 2023 earnings at $0.17 EPS.
Other equities research analysts have also issued reports about the company. CIBC upped their price target on Doman Building Materials Group from C$6.25 to C$7.25 and gave the company a “neutral” rating in a research report on Monday. National Bankshares increased their target price 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, January 19th. Stifel Nicolaus raised their price target on shares of Doman Building Materials Group from C$6.50 to C$8.00 in a research report on Monday, February 6th. Canaccord Genuity Group boosted their price objective on shares of Doman Building Materials Group from C$5.00 to C$6.00 in a research report on Monday. Finally, Royal Bank of Canada raised their price target on Doman Building Materials Group from C$8.00 to C$9.00 and gave the stock an “outperform” rating in a report on Monday. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of C$7.46.
Doman Building Materials Group Price Performance
Doman Building Materials Group Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 14th. Investors of record on Friday, March 31st will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 8.30%. The ex-dividend date is Thursday, March 30th. Doman Building Materials Group’s payout ratio is presently 55.45%.
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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