FY2022 EPS Estimates for Doman Building Materials Group Ltd. Boosted by Analyst (TSE:DBM)

Doman Building Materials Group Ltd. (TSE:DBM – Get Rating) – Research analysts at Raymond James lifted their FY2022 earnings per share (EPS) estimates for Doman Building Materials Group in a note issued to investors on Thursday, May 5th. Raymond James analyst S. Hansen now expects that the company will post earnings per share of $1.39 for the year, up from their prior forecast of $1.09. Raymond James currently has a “Outperform” rating and a $9.50 target price on the stock.

Doman Building Materials Group (TSE:DBM – Get Rating) last announced its quarterly earnings results on Thursday, March 3rd. The company reported C$0.13 EPS for the quarter, missing analysts’ consensus estimates of C$0.14 by C($0.01). The firm had revenue of C$641.64 million during the quarter, compared to the consensus estimate of C$618.37 million.

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

TSE DBM opened at C$7.18 on Monday. The business has a 50 day simple moving average of C$7.82 and a 200 day simple moving average of C$7.68. Doman Building Materials Group has a 52-week low of C$6.13 and a 52-week high of C$9.85. 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 stock has a market cap of C$622.46 million and a price-to-earnings ratio of 5.65.

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 14th. Stockholders of record on Thursday, March 31st were paid a dividend of $0.14 per share. This is a boost from Doman Building Materials Group’s previous quarterly dividend of $0.12. This represents a $0.56 annualized dividend and a dividend yield of 7.80%. The ex-dividend date was Wednesday, March 30th. Doman Building Materials Group’s dividend payout ratio (DPR) is currently 39.37%.

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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