Doman Building Materials Group (TSE:DBM) PT Lowered to C$9.50

Doman Building Materials Group (TSE:DBMGet Rating) had its price target lowered by Raymond James from C$10.50 to C$9.50 in a research note issued to investors on Thursday, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock. Raymond James also issued estimates for Doman Building Materials Group’s Q2 2022 earnings at $0.53 EPS, Q3 2022 earnings at $0.20 EPS, Q4 2022 earnings at $0.18 EPS and FY2023 earnings at $0.83 EPS.

DBM has been the topic of a number of other research reports. National Bankshares decreased their target price on shares of Doman Building Materials Group from C$12.00 to C$11.00 and set an outperform rating on the stock in a research note on Tuesday, March 8th. Stifel Nicolaus assumed coverage on shares of Doman Building Materials Group in a report on Thursday, February 10th. They set a buy rating and a C$10.00 price objective for the company. Canaccord Genuity Group increased their price objective on shares of Doman Building Materials Group from C$7.00 to C$8.00 in a report on Monday, March 7th. Finally, CIBC cut their price objective on shares of Doman Building Materials Group from C$10.00 to C$9.00 and set an outperform rating for the company in a report on Thursday, April 21st. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of Buy and an average target price of C$9.89.

DBM stock opened at C$7.31 on Thursday. Doman Building Materials Group has a fifty-two week low of C$6.13 and a fifty-two week high of C$9.85. The business’s 50-day moving average is C$7.83 and its two-hundred day moving average is C$7.68. The company has a debt-to-equity ratio of 166.29, a quick ratio of 1.00 and a current ratio of 2.92. The company has a market cap of C$633.73 million and a price-to-earnings ratio of 5.76.

Doman Building Materials Group (TSE:DBMGet Rating) last posted its earnings results on Thursday, March 3rd. The company reported C$0.13 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.14 by C($0.01). The business had revenue of C$641.64 million during the quarter, compared to the consensus estimate of C$618.37 million. Equities analysts predict that Doman Building Materials Group will post 0.78 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 14th. Investors of record on Thursday, March 31st were issued a $0.14 dividend. The ex-dividend date was Wednesday, March 30th. This is a positive change from Doman Building Materials Group’s previous quarterly dividend of $0.12. This represents a $0.56 dividend on an annualized basis and a dividend yield of 7.66%. Doman Building Materials Group’s dividend payout ratio (DPR) is 44.09%.

About Doman Building Materials Group (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.

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