Raymond James Analysts Reduce Earnings Estimates for TSE:DBM

Doman Building Materials Group Ltd. (TSE:DBM) – Stock analysts at Raymond James dropped their FY2024 earnings per share estimates for shares of Doman Building Materials Group in a research report issued to clients and investors on Monday, October 21st. Raymond James analyst D. Swetlishoff now forecasts that the company will post earnings per share of $0.62 for the year, down from their previous estimate of $0.64. Raymond James currently has a “Strong-Buy” rating and a $11.50 target price on the stock. The consensus estimate for Doman Building Materials Group’s current full-year earnings is $0.81 per share. Raymond James also issued estimates for Doman Building Materials Group’s FY2025 earnings at $1.07 EPS and FY2026 earnings at $1.18 EPS.

Other equities analysts have also issued reports about the stock. TD Securities raised their target price on shares of Doman Building Materials Group from C$11.50 to C$12.00 in a research report on Tuesday. Canaccord Genuity Group raised their price objective on shares of Doman Building Materials Group from C$9.00 to C$11.00 and gave the stock a “buy” rating in a research report on Wednesday, October 2nd. National Bankshares upped their target price on shares of Doman Building Materials Group from C$8.50 to C$12.00 and gave the company an “outperform” rating in a report on Monday, October 7th. Royal Bank of Canada lowered their price target on Doman Building Materials Group from C$10.00 to C$9.00 in a report on Thursday, July 11th. Finally, Stifel Nicolaus upped their price objective on Doman Building Materials Group from C$9.25 to C$10.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of C$10.64.

Doman Building Materials Group Stock Up 0.7 %

DBM opened at C$8.50 on Thursday. Doman Building Materials Group has a one year low of C$6.32 and a one year high of C$9.15. The company has a debt-to-equity ratio of 132.33, a quick ratio of 1.11 and a current ratio of 3.78. The stock has a market capitalization of C$741.97 million, a P/E ratio of 11.81 and a beta of 1.53. The business’s 50-day simple moving average is C$7.79 and its 200-day simple moving average is C$7.44.

Doman Building Materials Group (TSE:DBM) last posted its earnings results on Friday, August 9th. The company reported C$0.20 earnings per share for the quarter, missing the consensus estimate of C$0.22 by C($0.02). Doman Building Materials Group had a return on equity of 10.63% and a net margin of 2.56%. The business had revenue of C$689.83 million for the quarter, compared to analysts’ expectations of C$742.90 million.

Doman Building Materials Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Friday, September 27th were paid a dividend of $0.14 per share. The ex-dividend date was Friday, September 27th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 6.59%. Doman Building Materials Group’s dividend payout ratio (DPR) is 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.