FY2024 EPS Estimates for TSE:DBM Lifted by Analyst

Doman Building Materials Group Ltd. (TSE:DBM) – Investment analysts at National Bank Financial lifted their FY2024 earnings per share estimates for Doman Building Materials Group in a research report issued to clients and investors on Sunday, November 10th. National Bank Financial analyst Z. Evershed now forecasts that the company will post earnings of $0.65 per share for the year, up from their previous forecast of $0.59. The consensus estimate for Doman Building Materials Group’s current full-year earnings is $0.81 per share. National Bank Financial also issued estimates for Doman Building Materials Group’s Q4 2024 earnings at $0.10 EPS, FY2025 earnings at $0.93 EPS and FY2026 earnings at $1.10 EPS.

DBM has been the subject of a number of other reports. CIBC lifted their price objective on shares of Doman Building Materials Group from C$8.50 to C$9.00 and gave the company an “outperform” rating in a research note on Wednesday, October 2nd. National Bankshares boosted their price objective on Doman Building Materials Group from C$8.50 to C$12.00 and gave the company an “outperform” rating in a research note on Monday, October 7th. TD Securities increased their price objective on Doman Building Materials Group from C$11.50 to C$12.00 in a report on Tuesday, October 22nd. Raymond James boosted their price objective on shares of Doman Building Materials Group from C$9.75 to C$11.50 and gave the company a “strong-buy” rating in a research note on Wednesday, October 2nd. Finally, Canaccord Genuity Group upped their target price on Doman Building Materials Group from C$9.00 to C$11.00 and gave the stock a “buy” rating in a research note on Wednesday, October 2nd. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Doman Building Materials Group presently has a consensus rating of “Buy” and a consensus target price of C$10.64.

Doman Building Materials Group Price Performance

TSE DBM opened at C$9.10 on Tuesday. The company has a market cap of C$794.34 million, a PE ratio of 12.61 and a beta of 1.53. The company has a quick ratio of 1.11, a current ratio of 3.78 and a debt-to-equity ratio of 132.33. The firm’s 50-day simple moving average is C$8.14 and its two-hundred day simple moving average is C$7.48. Doman Building Materials Group has a 52 week low of C$6.32 and a 52 week high of C$9.17.

Doman Building Materials Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Friday, September 27th were paid a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 6.15%. The ex-dividend date of this dividend was Friday, September 27th. Doman Building Materials Group’s dividend payout ratio is presently 77.78%.

About Doman Building Materials Group

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.