Doman Building Materials Group (TSE:DBM) Releases Quarterly Earnings Results

Doman Building Materials Group (TSE:DBM) announced its earnings results on Friday. The company reported C$0.27 EPS for the quarter, FiscalAI reports. The business had revenue of C$761.97 million for the quarter. Doman Building Materials Group had a return on equity of 12.47% and a net margin of 2.57%.

Doman Building Materials Group Price Performance

Shares of DBM opened at C$10.27 on Friday. The stock has a 50 day moving average of C$9.90 and a 200-day moving average of C$9.63. Doman Building Materials Group has a 52 week low of C$7.52 and a 52 week high of C$10.60. The firm has a market cap of C$901.33 million, a price-to-earnings ratio of 11.16 and a beta of 1.28. The company has a current ratio of 3.22, a quick ratio of 1.11 and a debt-to-equity ratio of 157.89.

Doman Building Materials Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 15th were issued a dividend of $0.14 per share. The ex-dividend date was Tuesday, March 31st. This represents a $0.56 annualized dividend and a yield of 5.5%. Doman Building Materials Group’s payout ratio is currently 60.87%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on DBM. Desjardins raised their target price on Doman Building Materials Group from C$11.00 to C$12.00 and gave the company a “buy” rating in a report on Monday, March 9th. Raymond James Financial raised their target price on Doman Building Materials Group from C$11.00 to C$12.00 and gave the company a “strong-buy” rating in a report on Monday, March 9th. Royal Bank Of Canada lifted their price objective on Doman Building Materials Group from C$11.00 to C$12.00 and gave the stock an “outperform” rating in a report on Thursday, April 16th. Stifel Nicolaus lifted their price objective on Doman Building Materials Group from C$11.50 to C$12.00 and gave the stock a “buy” rating in a report on Friday, April 17th. Finally, National Bank Financial lifted their price objective on Doman Building Materials Group from C$12.00 to C$12.50 and gave the stock an “outperform” rating in a report on Monday, March 9th. One investment analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of C$11.64.

About Doman Building Materials Group

Doman Building Materials Group Ltd is a wholesale distributor of building materials and home renovation products. The company services the new home construction, home renovation and industrial markets by supplying the retail and wholesale lumber and building materials industry, hardware stores, industrial and furniture manufacturers and similar concerns. Its operations also include timber ownership and management of private timberlands and forest licenses, and agricultural post-peeling and pressure treating through CanWel Fibre Corp.