Doman Building Materials Group Ltd. (TSE:DBM) Forecasted to Post FY2024 Earnings of $0.64 Per Share

Doman Building Materials Group Ltd. (TSE:DBM) – Analysts at Raymond James increased their FY2024 earnings per share estimates for Doman Building Materials Group in a research report issued to clients and investors on Wednesday, October 2nd. Raymond James analyst D. Swetlishoff now expects that the company will post earnings per share of $0.64 for the year, up from their previous estimate of $0.62. Raymond James currently has a “Strong-Buy” rating and a $11.50 price objective 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 $1.09 EPS.

Other research analysts also recently issued reports about the stock. National Bankshares lowered their price objective on shares of Doman Building Materials Group from C$10.50 to C$8.50 and set an “outperform” rating on the stock in a research report on Tuesday, August 13th. Stifel Nicolaus raised their price target on Doman Building Materials Group from C$9.00 to C$9.25 and gave the stock a “buy” rating in a report on Wednesday. Canaccord Genuity Group upped their price objective on Doman Building Materials Group from C$9.00 to C$11.00 and gave the company a “buy” rating in a research note on Wednesday. CIBC lifted their target price on 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. Finally, Royal Bank of Canada cut their price target on Doman Building Materials Group from C$10.00 to C$9.00 in a research note on Thursday, July 11th. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Doman Building Materials Group presently has a consensus rating of “Buy” and a consensus price target of C$9.71.

Doman Building Materials Group Stock Performance

Shares of DBM opened at C$8.76 on Friday. The company’s 50 day simple moving average is C$7.24 and its 200-day simple moving average is C$7.39. Doman Building Materials Group has a 12-month low of C$6.32 and a 12-month high of C$8.88. The firm has a market cap of C$764.66 million, a PE ratio of 12.17 and a beta of 1.53. The company has a current ratio of 3.78, a quick ratio of 1.11 and a debt-to-equity ratio of 132.33.

Doman Building Materials Group (TSE:DBM) last released its quarterly earnings results on Friday, August 9th. The company reported C$0.20 EPS 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 firm had revenue of C$689.83 million for the quarter, compared to analyst estimates of C$742.90 million.

Doman Building Materials Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Friday, September 27th will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 6.39%. The ex-dividend date is Friday, September 27th. Doman Building Materials Group’s dividend payout ratio (DPR) is 77.78%.

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.