KeyCorp Comments on Domtar Corp’s Q2 2017 Earnings (TSE:UFS)
Domtar Corp (TSE:UFS) (NYSE:UFS) – KeyCorp issued their Q2 2017 earnings per share (EPS) estimates for Domtar Corp in a report issued on Wednesday. KeyCorp analyst A. Josephson expects that the company will post earnings per share of $0.67 for the quarter. KeyCorp also issued estimates for Domtar Corp’s Q3 2017 earnings at $1.04 EPS, Q4 2017 earnings at $1.21 EPS, FY2017 earnings at $3.32 EPS and FY2018 earnings at $2.94 EPS.
A number of other equities analysts also recently issued reports on UFS. Raymond James Financial, Inc. reiterated an “outperform” rating and set a C$71.00 price target on shares of Domtar Corp in a research report on Friday, April 28th. TD Securities reiterated a “hold” rating and set a C$57.00 price target on shares of Domtar Corp in a research report on Friday, April 28th. Finally, Scotiabank increased their price target on Domtar Corp to C$55.00 and gave the stock a “sector perform” rating in a research report on Friday, April 28th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Domtar Corp has a consensus rating of “Hold” and an average target price of C$60.50.
Domtar Corp (UFS) opened at 47.33 on Monday. The stock has a market capitalization of $2.96 billion and a PE ratio of 20.58. Domtar Corp has a 12-month low of $42.74 and a 12-month high of $58.31. The company has a 50-day moving average price of $49.76 and a 200-day moving average price of $51.60.
The company also recently announced a quarterly dividend, which will be paid on Monday, July 17th. Stockholders of record on Monday, July 17th will be given a $0.415 dividend. The ex-dividend date of this dividend is Thursday, June 29th. This represents a $1.66 annualized dividend and a dividend yield of 3.51%.
Domtar Corp Company Profile
Domtar Corporation designs, manufactures, markets and distributes a range of fiber-based products, including communication papers, specialty and packaging papers and absorbent hygiene products. The Company segments include Pulp and Paper and Personal Care. The Pulp and Paper segment consists of the design, manufacturing, marketing and distribution of communication, specialty and packaging papers, as well as softwood, fluff and hardwood market pulp.
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