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

Doman Building Materials Group (TSE:DBM) is set to issue its quarterly earnings data 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 released its earnings results on Thursday, March 7th. The company reported C$0.12 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.10 by C$0.02. Doman Building Materials Group had a return on equity of 13.18% and a net margin of 3.04%. The firm had revenue of C$527.39 million during the quarter, compared to the consensus estimate of C$548.80 million.

Doman Building Materials Group Price Performance

Shares of TSE:DBM opened at C$7.89 on Wednesday. Doman Building Materials Group has a one year low of C$6.08 and a one year high of C$8.64. The stock has a fifty day moving average of C$8.07 and a 200-day moving average of C$7.72. The company has a market capitalization of C$687.53 million, a PE ratio of 9.07 and a beta of 1.57. The company has a debt-to-equity ratio of 116.54, a quick ratio of 1.11 and a current ratio of 1.56.

Doman Building Materials Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Thursday, March 28th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 7.10%. Doman Building Materials Group’s dividend payout ratio (DPR) is presently 64.37%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on DBM. Stifel Nicolaus increased their price objective on Doman Building Materials Group from C$9.25 to C$11.00 and gave the company a “buy” rating in a research report on Tuesday, March 5th. Raymond James increased their price objective on Doman Building Materials Group from C$9.75 to C$10.75 in a research report on Monday, March 11th. CIBC increased their price objective on Doman Building Materials Group from C$9.00 to C$10.00 and gave the company an “outperform” rating in a research report on Friday, January 12th. Canaccord Genuity Group increased their price objective on Doman Building Materials Group from C$9.00 to C$10.00 in a research report on Monday, March 11th. Finally, National Bankshares boosted their target price on shares of Doman Building Materials Group from C$8.50 to C$10.00 in a research note on Tuesday, March 12th. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price 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.