Domtar Corp (UFS) Forecasted to Post Q3 2018 Earnings of $0.78 Per Share

Domtar Corp (NYSE:UFS) (TSE:UFS) – Equities researchers at KeyCorp issued their Q3 2018 earnings estimates for Domtar in a report released on Thursday. KeyCorp analyst A. Josephson expects that the basic materials company will earn $0.78 per share for the quarter. KeyCorp currently has a “Sell” rating and a $33.00 target price on the stock.

A number of other research firms have also recently commented on UFS. Vertical Group upgraded Domtar from a “hold” rating to a “buy” rating in a research report on Friday. Scotiabank lifted their price objective on Domtar from $41.00 to $43.00 and gave the stock a “sector perform” rating in a research report on Friday. Raymond James Financial dropped their price objective on Domtar from $52.00 to $48.00 and set a “market perform” rating for the company in a research report on Friday. TD Securities dropped their price objective on Domtar from $51.00 to $45.00 and set a “hold” rating for the company in a research report on Friday. Finally, National Bank Financial dropped their price objective on Domtar from $46.00 to $42.00 and set a “sector perform” rating for the company in a research report on Friday. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $44.33.

Domtar (UFS) opened at $43.47 on Monday. Domtar has a 52-week low of $35.47 and a 52-week high of $52.58. The firm has a market capitalization 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 company has a debt-to-equity ratio of 0.45, a current ratio of 2.24 and a quick ratio of 1.20.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the business. PNC Financial Services Group Inc. grew its holdings in Domtar by 1.3% in the 2nd quarter. PNC Financial Services Group Inc. now owns 10,652 shares of the basic materials company’s stock valued at $409,000 after buying an additional 134 shares during the period. Public Employees Retirement System of Ohio grew its holdings in Domtar by 1.7% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 25,816 shares of the basic materials company’s stock valued at $992,000 after buying an additional 435 shares during the period. CIBC World Markets Inc. grew its holdings in Domtar by 15.0% in the 4th quarter. CIBC World Markets Inc. now owns 7,780 shares of the basic materials company’s stock valued at $385,000 after buying an additional 1,013 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Domtar by 41.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,680 shares of the basic materials company’s stock valued at $182,000 after buying an additional 1,070 shares during the period. Finally, Renaissance Group LLC grew its holdings in Domtar by 11.4% in the 3rd quarter. Renaissance Group LLC now owns 11,282 shares of the basic materials company’s stock valued at $490,000 after buying an additional 1,157 shares during the period. Institutional investors own 90.61% of the company’s stock.

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

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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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