Domtar Corp (TSE:UFS) (NYSE:UFS) – Equities research analysts at DA Davidson increased their Q1 2018 earnings per share estimates for shares of Domtar in a research report issued to clients and investors on Thursday. DA Davidson analyst S. Chercover now forecasts that the company will earn $0.68 per share for the quarter, up from their prior estimate of $0.54. DA Davidson also issued estimates for Domtar’s Q2 2018 earnings at $0.75 EPS, Q3 2018 earnings at $1.01 EPS, Q4 2018 earnings at $0.96 EPS and FY2018 earnings at $3.38 EPS.
Several other equities research analysts also recently weighed in on the stock. National Bank Financial lifted their price target on shares of Domtar to C$59.00 and gave the company a “sector perform” rating in a research note on Tuesday, October 31st. Scotiabank reissued a “sector perform” rating and set a C$52.50 target price on shares of Domtar in a research report on Tuesday, October 31st.
The firm also recently announced a quarterly dividend, which was paid on Monday, January 15th. Stockholders of record on Monday, January 15th were given a dividend of $0.415 per share. This represents a $1.66 annualized dividend and a dividend yield of 3.03%. The ex-dividend date was Friday, December 29th. Domtar’s payout ratio is presently -38.88%.
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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