Domtar Corp. (UFS) Announces Quarterly Earnings Results, Beats Estimates By $0.01 EPS
Domtar Corp. (NYSE:UFS) posted its quarterly earnings results on Thursday. The company reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.01, American Banking and Market News reports. The company had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.37 billion. During the same quarter in the previous year, the company posted $1.87 earnings per share. The company’s revenue for the quarter was down 1.0% on a year-over-year basis.
UFS has been the subject of a number of recent research reports. Analysts at DA Davidson raised their price target on shares of Domtar Corp. from $85.00 to $100.00 in a research note to investors on Monday, October 14th. They now have a “buy” rating on the stock. On the ratings front, analysts at National Bank Financial initiated coverage on shares of Domtar Corp. in a research note to investors on Tuesday, October 8th. They set an “outperform” rating and a $108.00 price target on the stock. Finally, analysts at Macquarie upgraded shares of Domtar Corp. from an “underperform” rating to a “neutral” rating in a research note to investors on Monday, September 16th. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Domtar Corp. has a consensus rating of “Buy” and a consensus target price of $92.00.
Domtar Corp. (NYSE:UFS) traded up 2.07% on Thursday, hitting $87.38. 123,255 shares of the company’s stock traded hands. Domtar Corp. has a 1-year low of $65.01 and a 1-year high of $87.08. The stock’s 50-day moving average is $69.00 and its 200-day moving average is $71.77. The company has a market cap of $2.876 billion and a price-to-earnings ratio of 35.43.
Domtar Corporation designs, manufactures, markets and distributes a range of fiber-based products, including communication papers, specialty and packaging papers and adult incontinence products.
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