Doman Building Materials Group (DBM) Scheduled to Post Earnings on Thursday

Doman Building Materials Group (TSE:DBM) is scheduled to be announcing its earnings results after the market closes on Thursday, May 9th. Analysts expect the company to announce earnings of C$0.15 per share for the quarter.

Doman Building Materials Group (TSE:DBM) last announced its earnings results on Thursday, March 7th. The company reported C$0.12 EPS for the quarter, topping the consensus estimate of C$0.10 by C$0.02. The firm had revenue of C$527.39 million for the quarter, compared to the consensus estimate of C$548.80 million. Doman Building Materials Group had a net margin of 3.04% and a return on equity of 13.18%.

Doman Building Materials Group Stock Up 1.4 %

Doman Building Materials Group stock opened at C$8.07 on Tuesday. The company has a 50 day moving average of C$8.08 and a 200-day moving average of C$7.71. The company has a quick ratio of 1.11, a current ratio of 1.56 and a debt-to-equity ratio of 116.54. Doman Building Materials Group has a twelve month low of C$6.08 and a twelve month high of C$8.64. The stock has a market capitalization of C$703.22 million, a PE ratio of 9.28 and a beta of 1.56.

Doman Building Materials Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Thursday, March 28th were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 6.94%. The ex-dividend date of this dividend was Wednesday, March 27th. Doman Building Materials Group’s payout ratio is presently 64.37%.

Analysts Set New Price Targets

Several research firms have recently weighed in on DBM. National Bankshares upped their price objective on Doman Building Materials Group from C$8.50 to C$10.00 in a research report on Tuesday, March 12th. Raymond James lifted their price objective on shares of Doman Building Materials Group from C$9.75 to C$10.75 in a report on Monday, March 11th. Canaccord Genuity Group increased their target price on shares of Doman Building Materials Group from C$9.00 to C$10.00 in a report on Monday, March 11th. Stifel Nicolaus lifted their price target on shares of Doman Building Materials Group from C$9.25 to C$11.00 and gave the company a “buy” rating in a research note on Tuesday, March 5th. Finally, CIBC increased their price objective on shares of Doman Building Materials Group from C$9.00 to C$10.00 and gave the stock an “outperform” rating in a research note on Friday, January 12th. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of C$10.29.

Doman Building Materials Group Company Profile

Doman Building Materials Group Ltd., through its subsidiaries, engages in the wholesale distribution of building materials and home renovation products in the United States and Canada. The company offers treated wood; siding and trim; decking and aluminum railing; engineered wood products; roofing products; insulation and wrap products; and lumber and plywood products.