Doman Building Materials Group Ltd. (TSE:DBM – Get Free Report) has been assigned an average rating of “Buy” from the six research firms that are presently covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is C$9.29.
DBM has been the topic of a number of analyst reports. CIBC cut their price target on Doman Building Materials Group from C$9.00 to C$8.50 in a report on Thursday, July 18th. Royal Bank of Canada cut their price target on Doman Building Materials Group from C$10.00 to C$9.00 in a report on Thursday, July 11th. Finally, National Bankshares cut their price target on Doman Building Materials Group from C$10.50 to C$8.50 and set an “outperform” rating on the stock in a report on Tuesday, August 13th.
Read Our Latest Stock Report on DBM
Doman Building Materials Group Trading Up 0.8 %
Doman Building Materials Group (TSE:DBM – Get Free Report) last released its quarterly earnings data 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). 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 return on equity of 10.63% and a net margin of 2.56%. Analysts forecast that Doman Building Materials Group will post 0.8002232 earnings per share for the current year.
Doman Building Materials Group Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Friday, September 27th will be given a $0.14 dividend. The ex-dividend date is Friday, September 27th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 7.36%. 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.
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