Stifel Canada Has Optimistic View of TSE:DBM FY2025 Earnings

Doman Building Materials Group Ltd. (TSE:DBM) – Research analysts at Stifel Canada lifted their FY2025 earnings estimates for shares of Doman Building Materials Group in a note issued to investors on Sunday, November 10th. Stifel Canada analyst I. Gillies now forecasts that the company will post earnings of $0.89 per share for the year, up from their prior estimate of $0.78. The consensus estimate for Doman Building Materials Group’s current full-year earnings is $0.81 per share.

Several other equities research analysts also recently issued reports on the stock. CIBC raised their price objective on shares of Doman Building Materials Group from C$8.50 to C$9.00 and gave the stock an “outperform” rating in a report on Wednesday, October 2nd. Stifel Nicolaus lifted their price target 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. Canaccord Genuity Group upped their price objective on 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 lifted their target price on Doman Building Materials Group from C$8.50 to C$12.00 and gave the company an “outperform” rating in a research report on Monday, October 7th. Finally, Raymond James upped their price target on Doman Building Materials Group from C$9.75 to C$11.50 and gave the stock a “strong-buy” rating in a research report on Wednesday, October 2nd. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Doman Building Materials Group presently has a consensus rating of “Buy” and an average price target of C$10.64.

Doman Building Materials Group Stock Up 0.2 %

Doman Building Materials Group stock opened at C$9.10 on Wednesday. Doman Building Materials Group has a fifty-two week low of C$6.32 and a fifty-two week high of C$9.17. The company has a debt-to-equity ratio of 132.33, a current ratio of 3.78 and a quick ratio of 1.11. The firm has a market capitalization of C$794.34 million, a price-to-earnings ratio of 12.61 and a beta of 1.53. The company’s 50 day simple moving average is C$8.14 and its 200 day simple moving average is C$7.48.

Doman Building Materials Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Friday, September 27th were paid a $0.14 dividend. The ex-dividend date was Friday, September 27th. This represents a $0.56 annualized dividend and a dividend yield of 6.15%. Doman Building Materials Group’s payout ratio 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.