Brokerages forecast that Domtar Corporation (NYSE:UFS) (TSE:UFS) will post $1.29 billion in sales for the current quarter, Zacks reports. Three analysts have made estimates for Domtar Corporation’s earnings, with the lowest sales estimate coming in at $1.28 billion and the highest estimate coming in at $1.30 billion. Domtar Corporation posted sales of $1.27 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 1.6%. The firm is scheduled to announce its next quarterly earnings results on Thursday, February 8th.

According to Zacks, analysts expect that Domtar Corporation will report full year sales of $1.29 billion for the current financial year, with estimates ranging from $5.10 billion to $5.12 billion. For the next fiscal year, analysts anticipate that the company will report sales of $5.17 billion per share, with estimates ranging from $5.06 billion to $5.27 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Domtar Corporation.

Domtar Corporation (NYSE:UFS) (TSE:UFS) last announced its earnings results on Friday, October 27th. The basic materials company reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.30. Domtar Corporation had a net margin of 3.44% and a return on equity of 6.17%. The business had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter last year, the firm earned $1.13 earnings per share. Domtar Corporation’s quarterly revenue was up 1.7% on a year-over-year basis.

A number of equities analysts recently weighed in on UFS shares. BidaskClub downgraded shares of Domtar Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. ValuEngine downgraded shares of Domtar Corporation from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Zacks Investment Research downgraded shares of Domtar Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Scotiabank set a $41.00 target price on shares of Domtar Corporation and gave the stock a “sector perform” rating in a research note on Monday, October 30th. Finally, KeyCorp set a $33.00 target price on shares of Domtar Corporation and gave the stock a “sell” rating in a research note on Thursday, October 12th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company. Domtar Corporation presently has an average rating of “Hold” and a consensus price target of $43.30.

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Domtar Corporation (NYSE UFS) opened at $45.87 on Thursday. Domtar Corporation has a 52 week low of $35.47 and a 52 week high of $48.07. The firm has a market cap of $2,850.06, a price-to-earnings ratio of 16.77, a P/E/G ratio of 3.48 and a beta of 1.54. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.20 and a current ratio of 2.29.

The business also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Tuesday, January 2nd will be issued a $0.415 dividend. This represents a $1.66 dividend on an annualized basis and a yield of 3.62%. The ex-dividend date of this dividend is Friday, December 29th. Domtar Corporation’s payout ratio is 59.50%.

In other news, insider Michael Fagan sold 4,154 shares of Domtar Corporation stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $41.40, for a total transaction of $171,975.60. Following the completion of the transaction, the insider now directly owns 10,649 shares in the company, valued at $440,868.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael Dennis Garcia sold 4,712 shares of Domtar Corporation stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $42.73, for a total transaction of $201,343.76. Following the transaction, the insider now owns 4,712 shares of the company’s stock, valued at $201,343.76. The disclosure for this sale can be found here. Insiders sold 13,766 shares of company stock valued at $569,809 over the last 90 days. Corporate insiders own 1.04% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. California Public Employees Retirement System grew its holdings in shares of Domtar Corporation by 1.9% during the third quarter. California Public Employees Retirement System now owns 255,794 shares of the basic materials company’s stock valued at $11,099,000 after buying an additional 4,678 shares during the last quarter. Cubist Systematic Strategies LLC grew its holdings in shares of Domtar Corporation by 176.1% during the third quarter. Cubist Systematic Strategies LLC now owns 2,905 shares of the basic materials company’s stock valued at $126,000 after buying an additional 1,853 shares during the last quarter. Point72 Asset Management L.P. grew its holdings in shares of Domtar Corporation by 727.2% during the third quarter. Point72 Asset Management L.P. now owns 248,157 shares of the basic materials company’s stock valued at $10,768,000 after buying an additional 218,157 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of Domtar Corporation during the third quarter valued at about $4,800,000. Finally, Vident Investment Advisory LLC acquired a new position in shares of Domtar Corporation during the third quarter valued at about $253,000. Hedge funds and other institutional investors own 90.42% of the company’s stock.

About Domtar Corporation

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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Earnings History and Estimates for Domtar Corporation (NYSE:UFS)

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