Doman Building Materials Group (TSE:DBM) Posts Earnings Results

Doman Building Materials Group (TSE:DBM) issued its quarterly earnings data on Wednesday. The company reported C$0.36 earnings per share for the quarter, FiscalAI reports. Doman Building Materials Group had a return on equity of 12.52% and a net margin of 2.61%.The company had revenue of C$904.47 million for the quarter.

Doman Building Materials Group Stock Performance

Shares of TSE:DBM opened at C$11.32 on Friday. Doman Building Materials Group has a 12-month low of C$8.47 and a 12-month high of C$11.99. The company has a market capitalization of C$993.48 million, a PE ratio of 12.30 and a beta of 1.51. The business has a 50 day moving average of C$11.22 and a two-hundred day moving average of C$10.46. The company has a current ratio of 3.94, a quick ratio of 1.11 and a debt-to-equity ratio of 175.88.

Doman Building Materials Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th were issued a $0.14 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.56 dividend on an annualized basis and a yield of 4.9%. Doman Building Materials Group’s payout ratio is presently 60.87%.

Insider Activity at Doman Building Materials Group

In other news, insider Darren John Alexander Gwozd acquired 5,200 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were acquired at an average price of C$10.35 per share, with a total value of C$53,820.00. Following the purchase, the insider directly owned 5,200 shares of the company’s stock, valued at C$53,820. This trade represents a ? increase in their ownership of the stock. 20.04% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. National Bank Financial lifted their price target on shares of Doman Building Materials Group from C$13.50 to C$14.00 and gave the stock an “outperform” rating in a report on Wednesday, July 22nd. Royal Bank Of Canada upped their price objective on shares of Doman Building Materials Group from C$11.00 to C$12.00 and gave the company an “outperform” rating in a report on Thursday, April 16th. Desjardins increased their price objective on shares of Doman Building Materials Group from C$12.00 to C$12.50 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Raymond James Financial lifted their target price on shares of Doman Building Materials Group from C$12.00 to C$12.50 and gave the stock an “outperform” rating in a research note on Thursday. Finally, Stifel Nicolaus upped their price target on shares of Doman Building Materials Group from C$12.00 to C$12.25 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Six investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of C$12.38.

Doman Building Materials Group Company Profile

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.