Doman Building Materials Group (TSE:DBM – Free Report) had its price target raised by Raymond James from C$9.75 to C$11.50 in a report published on Wednesday, BayStreet.CA reports. The brokerage currently has a strong-buy rating on the stock. Raymond James also issued estimates for Doman Building Materials Group’s FY2024 earnings at $0.64 EPS and FY2025 earnings at $1.09 EPS.
A number of other analysts have also commented on the stock. Royal Bank of Canada reduced their price objective on shares of Doman Building Materials Group from C$10.00 to C$9.00 in a research note on Thursday, July 11th. CIBC upped their price objective on shares of 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. National Bankshares reduced their price objective on shares of Doman Building Materials Group from C$10.50 to C$8.50 and set an outperform rating for the company in a research note on Tuesday, August 13th. Finally, Stifel Nicolaus upped their price objective on shares of Doman Building Materials Group from C$9.00 to C$9.25 and gave the company a buy rating in a research note on Wednesday. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of Buy and an average price target of C$9.71.
Read Our Latest Stock Analysis on DBM
Doman Building Materials Group Price Performance
Doman Building Materials Group (TSE:DBM – Get Free Report) last issued its quarterly earnings results on Friday, August 9th. The company reported C$0.20 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.22 by C($0.02). Doman Building Materials Group had a net margin of 2.56% and a return on equity of 10.63%. The business had revenue of C$689.83 million during the quarter, compared to analyst estimates of C$742.90 million. As a group, analysts expect that Doman Building Materials Group will post 0.7751004 earnings per share for the current fiscal year.
Doman Building Materials Group Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Friday, September 27th will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 6.39%. The ex-dividend date of this dividend 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.
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