Brokerages Anticipate Domtar Corporation (UFS) Will Post Quarterly Sales of $1.29 Billion
Equities analysts forecast that Domtar Corporation (NYSE:UFS) (TSE:UFS) will report $1.29 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Domtar’s earnings, with the lowest sales estimate coming in at $1.28 billion and the highest estimate coming in at $1.30 billion. Domtar reported sales of $1.27 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 1.6%. The firm is expected to report its next earnings results on Thursday, February 8th.
On average, analysts expect that Domtar will report full year sales of $1.29 billion for the current year, with estimates ranging from $5.10 billion to $5.12 billion. For the next financial year, analysts expect that the company will post sales of $5.17 billion per share, with estimates ranging from $5.06 billion to $5.27 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Domtar.
Domtar (NYSE:UFS) (TSE:UFS) last posted its quarterly earnings data on Friday, October 27th. The basic materials company reported $1.03 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.30. The business had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.26 billion. Domtar had a net margin of 3.44% and a return on equity of 6.17%. The company’s revenue was up 1.7% compared to the same quarter last year. During the same period last year, the firm posted $1.13 earnings per share.
In related news, insider Michael Fagan sold 4,154 shares of the firm’s 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 sale, the insider now directly owns 10,649 shares in the company, valued at $440,868.60. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Michael Dennis Garcia sold 4,712 shares of the firm’s stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $42.73, for a total transaction of $201,343.76. Following the sale, 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. 1.04% of the stock is currently owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Domtar by 14.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,610 shares of the basic materials company’s stock worth $100,000 after purchasing an additional 320 shares during the last quarter. Cubist Systematic Strategies LLC increased its position in shares of Domtar 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 acquiring an additional 1,853 shares during the last quarter. LS Investment Advisors LLC increased its position in shares of Domtar by 20.2% during the second quarter. LS Investment Advisors LLC now owns 5,143 shares of the basic materials company’s stock valued at $198,000 after acquiring an additional 866 shares during the last quarter. Bridgewater Associates LP acquired a new stake in shares of Domtar during the second quarter valued at about $200,000. Finally, Shelton Capital Management acquired a new stake in shares of Domtar during the third quarter valued at about $206,000. Hedge funds and other institutional investors own 91.32% of the company’s stock.
Shares of Domtar (UFS) traded up $0.68 during midday trading on Tuesday, hitting $48.74. 714,300 shares of the stock were exchanged, compared to its average volume of 570,633. The firm has a market capitalization of $3,013.06, a PE ratio of 17.73, a price-to-earnings-growth ratio of 3.68 and a beta of 1.54. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.29 and a quick ratio of 1.20. Domtar has a 1-year low of $35.47 and a 1-year high of $49.00.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Tuesday, January 2nd will be given a dividend of $0.415 per share. This represents a $1.66 annualized dividend and a yield of 3.41%. The ex-dividend date of this dividend is Friday, December 29th. Domtar’s payout ratio is currently 59.50%.
Domtar 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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