Domtar Corp (UFS) Expected to Post Earnings of $0.69 Per Share
Equities analysts expect that Domtar Corp (NYSE:UFS) (TSE:UFS) will announce earnings of $0.69 per share for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Domtar’s earnings. The lowest EPS estimate is $0.63 and the highest is $0.87. Domtar reported earnings per share of $0.75 in the same quarter last year, which indicates a negative year-over-year growth rate of 8%. The business is scheduled to announce its next earnings report on Thursday, February 8th.
According to Zacks, analysts expect that Domtar will report full year earnings of $2.67 per share for the current year, with EPS estimates ranging from $2.59 to $2.82. For the next fiscal year, analysts anticipate that the business will post earnings of $2.88 per share, with EPS estimates ranging from $2.35 to $3.50. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover Domtar.
Domtar (NYSE:UFS) (TSE:UFS) last released its earnings results on Friday, October 27th. The basic materials company reported $1.03 EPS for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.30. Domtar had a return on equity of 6.17% and a net margin of 3.44%. The firm had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the previous year, the company posted $1.13 earnings per share. The company’s revenue was up 1.7% compared to the same quarter last year.
Domtar (UFS) traded up $0.24 during trading on Friday, hitting $50.41. The company had a trading volume of 320,103 shares, compared to its average volume of 383,861. 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 12-month low of $35.47 and a 12-month high of $50.97. The firm has a market capitalization of $3,145.34, a P/E ratio of 18.07, a price-to-earnings-growth ratio of 3.48 and a beta of 1.54.
The business also recently declared 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 3.29%. The ex-dividend date of this dividend is Friday, December 29th. Domtar’s dividend payout ratio is currently 59.50%.
Hedge funds have recently made changes to their positions in the stock. AMG Funds LLC raised its position in Domtar by 8.4% during the second quarter. AMG Funds LLC now owns 51,215 shares of the basic materials company’s stock valued at $1,968,000 after acquiring an additional 3,958 shares in the last quarter. State Street Corp increased its position in shares of Domtar by 0.5% in the second quarter. State Street Corp now owns 1,772,703 shares of the basic materials company’s stock valued at $68,104,000 after buying an additional 8,827 shares in the last quarter. Sit Investment Associates Inc. increased its position in shares of Domtar by 6.4% in the third quarter. Sit Investment Associates Inc. now owns 77,090 shares of the basic materials company’s stock valued at $3,345,000 after buying an additional 4,659 shares in the last quarter. CIBC World Markets Inc. increased its position in shares of Domtar by 72.2% in the second quarter. CIBC World Markets Inc. now owns 17,820 shares of the basic materials company’s stock valued at $685,000 after buying an additional 7,469 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Domtar by 1.0% in the second quarter. Vanguard Group Inc. now owns 5,342,007 shares of the basic materials company’s stock valued at $205,240,000 after buying an additional 53,417 shares in the last quarter. Institutional investors own 91.01% of the company’s stock.
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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