FY2024 EPS Estimates for Doman Building Materials Group Ltd. (TSE:DBM) Lifted by National Bank Financial

Doman Building Materials Group Ltd. (TSE:DBM) – Equities researchers at National Bank Financial raised their FY2024 earnings estimates for Doman Building Materials Group in a report released on Sunday, October 6th. National Bank Financial analyst Z. Evershed now expects that the company will post earnings per share of $0.59 for the year, up from their previous forecast of $0.58. The consensus estimate for Doman Building Materials Group’s current full-year earnings is $0.81 per share. National Bank Financial also issued estimates for Doman Building Materials Group’s Q4 2024 earnings at $0.09 EPS and FY2025 earnings at $0.90 EPS.

Doman Building Materials Group (TSE:DBM) last posted its quarterly earnings data 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 firm had revenue of C$689.83 million during the quarter, compared to analysts’ expectations of C$742.90 million.

A number of other analysts have also issued reports on DBM. CIBC upped their price target on shares of Doman Building Materials Group from C$8.50 to C$9.00 and gave the company an “outperform” rating in a report on Wednesday, October 2nd. Royal Bank of Canada lowered their price objective on Doman Building Materials Group from C$10.00 to C$9.00 in a report on Thursday, July 11th. Canaccord Genuity Group boosted their price target on Doman Building Materials Group from C$9.00 to C$11.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. National Bankshares boosted 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 research note on Monday. Finally, Raymond James raised their price target on shares of 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 stock. According to MarketBeat.com, Doman Building Materials Group presently has a consensus rating of “Buy” and an average price target of C$10.29.

Doman Building Materials Group Trading Down 0.6 %

Shares of DBM opened at C$8.83 on Wednesday. Doman Building Materials Group has a one year low of C$6.32 and a one year high of C$8.88. The stock has a 50-day moving average price of C$7.31 and a 200 day moving average price of C$7.39. 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 company has a market capitalization of C$770.77 million, a P/E ratio of 12.26 and a beta of 1.53.

Doman Building Materials Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Friday, September 27th will be given a $0.14 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.56 annualized dividend and a yield of 6.34%. Doman Building Materials Group’s dividend payout ratio is presently 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.