Stifel Canada Has Weak Outlook for TSE:DBM FY2025 Earnings

Doman Building Materials Group Ltd. (TSE:DBM) – Equities research analysts at Stifel Canada lowered their FY2025 earnings estimates for shares of Doman Building Materials Group in a report released on Wednesday, October 16th. Stifel Canada analyst I. Gillies now anticipates that the company will post earnings per share of $0.78 for the year, down from their prior estimate of $0.79. 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 announced 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 analyst estimates of C$742.90 million. Doman Building Materials Group had a net margin of 2.56% and a return on equity of 10.63%.

DBM has been the subject of a number of other reports. Stifel Nicolaus increased their price objective on Doman Building Materials Group from C$9.25 to C$10.00 and gave the company a “buy” rating in a report on Thursday. Raymond James raised their price objective on 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. CIBC upped their target price 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. National Bankshares raised their price target on shares of Doman Building Materials Group from C$8.50 to C$12.00 and gave the stock an “outperform” rating in a report on Monday, October 7th. Finally, Canaccord Genuity Group increased their price objective 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 analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Doman Building Materials Group presently has an average rating of “Buy” and a consensus price target of C$10.42.

Doman Building Materials Group Trading Down 1.8 %

Shares of TSE DBM opened at C$8.79 on Monday. The stock has a market cap of C$767.28 million, a P/E ratio of 12.21 and a beta of 1.53. The firm has a 50 day moving average price of C$7.64 and a two-hundred day moving average price of C$7.42. 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 has a 52-week low of C$6.32 and a 52-week high of C$9.15.

Doman Building Materials Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Friday, September 27th were given a $0.14 dividend. 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 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.