Stifel Canada Issues Positive Estimate for TSE:DBM Earnings

Doman Building Materials Group Ltd. (TSE:DBM) – Analysts at Stifel Canada increased their FY2024 EPS estimates for shares of Doman Building Materials Group in a research note issued on Sunday, November 10th. Stifel Canada analyst I. Gillies now expects that the company will earn $0.70 per share for the year, up from their prior estimate of $0.66. The consensus estimate for Doman Building Materials Group’s current full-year earnings is $0.81 per share.

A number of other research analysts have also recently commented on the stock. TD Securities raised their price target on shares of Doman Building Materials Group from C$11.50 to C$12.00 in a research note on Tuesday, October 22nd. Stifel Nicolaus raised their target price 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. Raymond James boosted their price target on Doman Building Materials Group from C$9.75 to C$11.50 and gave the company a “strong-buy” rating in a research note on Wednesday, October 2nd. National Bankshares increased their price objective on Doman Building Materials Group from C$8.50 to C$12.00 and gave the stock an “outperform” rating in a research note on Monday, October 7th. Finally, Canaccord Genuity Group upped 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 report on Wednesday, October 2nd. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Doman Building Materials Group currently has an average rating of “Buy” and a consensus price target of C$10.64.

Doman Building Materials Group Price Performance

TSE:DBM opened at C$9.10 on Tuesday. The company 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 has a 50-day moving average of C$8.14 and a 200-day moving average of C$7.48. Doman Building Materials Group has a 52 week low of C$6.32 and a 52 week high of C$9.17. The company has a debt-to-equity ratio of 132.33, a quick ratio of 1.11 and a current ratio of 3.78.

Doman Building Materials Group Dividend Announcement

The company also recently announced 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 dividend payout ratio (DPR) is currently 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.