What is Raymond James’ Forecast for TSE:DBM FY2024 Earnings?

Doman Building Materials Group Ltd. (TSE:DBM) – Equities researchers at Raymond James reduced their FY2024 EPS estimates for shares of Doman Building Materials Group in a research report issued on Monday, October 21st. Raymond James analyst D. Swetlishoff now anticipates that the company will post earnings per share of $0.62 for the year, down from their prior forecast of $0.64. 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 $1.07 EPS and FY2026 earnings at $1.18 EPS.

A number of other equities analysts have also commented on DBM. National Bankshares raised their target price on shares of Doman Building Materials Group from C$8.50 to C$12.00 and gave the stock an “outperform” rating in a research report on Monday, October 7th. Canaccord Genuity Group lifted their target price on Doman Building Materials Group from C$9.00 to C$11.00 and gave the company a “buy” rating in a research report on Wednesday, October 2nd. Stifel Nicolaus increased their price target on Doman Building Materials Group from C$9.25 to C$10.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th. CIBC lifted their price objective on 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, TD Securities upped their price objective on shares of Doman Building Materials Group from C$11.50 to C$12.00 in a research note on Tuesday. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Doman Building Materials Group has a consensus rating of “Buy” and an average target price of C$10.64.

Doman Building Materials Group Stock Up 0.7 %

TSE:DBM opened at C$8.50 on Thursday. The company has a market cap of C$741.97 million, a price-to-earnings ratio of 11.81 and a beta of 1.53. Doman Building Materials Group has a twelve month low of C$6.32 and a twelve month high of C$9.15. The company has a current ratio of 3.78, a quick ratio of 1.11 and a debt-to-equity ratio of 132.33. The stock has a fifty day simple moving average of C$7.79 and a 200-day simple moving average of C$7.44.

Doman Building Materials Group (TSE:DBM) last issued 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 net margin of 2.56% and a return on equity of 10.63%. The firm had revenue of C$689.83 million for the quarter, compared to the consensus estimate of C$742.90 million.

Doman Building Materials Group Announces Dividend

The business also recently declared 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 was Friday, September 27th. This represents a $0.56 annualized dividend and a dividend yield of 6.59%. Doman Building Materials Group’s dividend payout ratio (DPR) 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.