Domtar Corp Expected to Earn Q3 2018 Earnings of $0.83 Per Share (UFS)

Domtar Corp (NYSE:UFS) (TSE:UFS) – Equities researchers at National Bank Financial issued their Q3 2018 earnings per share (EPS) estimates for Domtar in a research report issued on Thursday. National Bank Financial analyst L. Aghazarian anticipates that the basic materials company will post earnings per share of $0.83 for the quarter. National Bank Financial currently has a “Sector Perform” rating and a $42.00 target price on the stock. National Bank Financial also issued estimates for Domtar’s FY2019 earnings at $2.99 EPS.

Domtar (NYSE:UFS) (TSE:UFS) last posted its quarterly earnings data on Thursday, February 8th. The basic materials company reported $0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.05). Domtar had a positive return on equity of 6.00% and a negative net margin of 4.11%. The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same period in the prior year, the firm posted $0.75 earnings per share. The business’s revenue was up 4.9% on a year-over-year basis.

UFS has been the subject of a number of other reports. Vertical Research raised shares of Domtar from a “hold” rating to a “buy” rating in a report on Friday. UFS downgraded shares of Domtar from an “outperform” rating to a “market perform” rating in a report on Monday, January 29th. ValuEngine raised shares of Domtar from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. KeyCorp set a $33.00 target price on shares of Domtar and gave the stock a “sell” rating in a research report on Friday, October 27th. Finally, Royal Bank of Canada upgraded shares of Domtar from a “sector perform” rating to an “outperform” rating and set a $50.00 target price on the stock in a research report on Friday. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $44.33.

Shares of Domtar (UFS) opened at $43.47 on Monday. Domtar has a fifty-two week low of $35.47 and a fifty-two week high of $52.58. The company has a current ratio of 2.24, a quick ratio of 1.20 and a debt-to-equity ratio of 0.45. The stock has a market cap of $2,725.31, a price-to-earnings ratio of -12.86, a PEG ratio of 2.90 and a beta of 1.56.

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Monday, April 2nd will be given a $0.435 dividend. This represents a $1.74 dividend on an annualized basis and a yield of 4.00%. The ex-dividend date of this dividend is Thursday, March 29th. This is a boost from Domtar’s previous quarterly dividend of $0.42. Domtar’s dividend payout ratio (DPR) is presently -49.11%.

A number of large investors have recently modified their holdings of UFS. American International Group Inc. increased its position in shares of Domtar by 1.3% in the fourth quarter. American International Group Inc. now owns 129,709 shares of the basic materials company’s stock valued at $6,423,000 after acquiring an additional 1,665 shares during the period. Arrowstreet Capital Limited Partnership increased its position in shares of Domtar by 293.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 110,300 shares of the basic materials company’s stock valued at $5,462,000 after acquiring an additional 82,300 shares during the period. Tower Research Capital LLC TRC increased its position in shares of Domtar by 1,493.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,187 shares of the basic materials company’s stock valued at $199,000 after acquiring an additional 2,987 shares during the period. UBS Asset Management Americas Inc. increased its position in shares of Domtar by 62.8% in the fourth quarter. UBS Asset Management Americas Inc. now owns 123,200 shares of the basic materials company’s stock valued at $6,101,000 after acquiring an additional 47,510 shares during the period. Finally, BlackRock Inc. increased its position in shares of Domtar by 1.4% in the fourth quarter. BlackRock Inc. now owns 9,586,518 shares of the basic materials company’s stock valued at $474,726,000 after acquiring an additional 129,636 shares during the period. Institutional investors own 90.61% of the company’s stock.

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About Domtar

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.

Earnings History and Estimates for Domtar (NYSE:UFS)

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