Research Analysts Set Expectations for TSE:DBM Q3 Earnings

Doman Building Materials Group Ltd. (TSE:DBM) – Analysts at Stifel Canada issued their Q3 2024 earnings estimates for shares of Doman Building Materials Group in a research report issued on Wednesday, October 16th. Stifel Canada analyst I. Gillies expects that the company will earn $0.14 per share for the quarter. The consensus estimate for Doman Building Materials Group’s current full-year earnings is $0.81 per share.

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

A number of other research analysts also recently issued reports on DBM. 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. 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 research note on Monday, October 7th. Raymond James lifted 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 note on Wednesday, October 2nd. CIBC boosted 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 report on Wednesday, October 2nd. Finally, Canaccord Genuity Group lifted their target price 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. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of C$10.42.

Doman Building Materials Group Stock Performance

DBM stock opened at C$8.79 on Friday. The stock’s 50 day simple moving average is C$7.64 and its 200 day simple moving average is C$7.43. 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 has a 12-month low of C$6.32 and a 12-month high of C$9.15. The stock has a market capitalization of C$767.28 million, a PE ratio of 12.21 and a beta of 1.53.

Doman Building Materials Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Friday, September 27th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.56 annualized dividend and a yield of 6.37%. 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.