Q2 2024 EPS Estimates for Doman Building Materials Group Ltd. (TSE:DBM) Lowered by Analyst

Doman Building Materials Group Ltd. (TSE:DBMFree Report) – Investment analysts at National Bank Financial dropped their Q2 2024 earnings per share estimates for shares of Doman Building Materials Group in a research report issued to clients and investors on Sunday, May 12th. National Bank Financial analyst Z. Evershed now forecasts that the company will post earnings of $0.28 per share for the quarter, down from their prior forecast of $0.33. The consensus estimate for Doman Building Materials Group’s current full-year earnings is $0.79 per share. National Bank Financial also issued estimates for Doman Building Materials Group’s FY2025 earnings at $0.83 EPS.

A number of other equities analysts have also weighed in on the stock. National Bankshares increased their target price on shares of Doman Building Materials Group from C$10.00 to C$10.50 and gave the stock an “outperform” rating in a research report on Monday. Stifel Nicolaus increased their target price on shares of Doman Building Materials Group from C$9.25 to C$11.00 and gave the stock a “buy” rating in a research report on Tuesday, March 5th. Raymond James cut their target price on shares of Doman Building Materials Group from C$10.75 to C$9.75 and set a “strong-buy” rating for the company in a research report on Monday. CIBC cut their price objective on shares of Doman Building Materials Group from C$10.00 to C$9.00 and set an “outperform” rating for the company in a research report on Tuesday. Finally, Canaccord Genuity Group cut their price objective on shares of Doman Building Materials Group from C$10.00 to C$9.00 and set a “buy” rating for the company in a research report on Tuesday. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of C$9.88.

Read Our Latest Analysis on Doman Building Materials Group

Doman Building Materials Group Price Performance

TSE DBM opened at C$7.22 on Wednesday. The company has a quick ratio of 1.11, a current ratio of 1.56 and a debt-to-equity ratio of 116.54. The company has a market cap of C$629.15 million, a PE ratio of 8.30 and a beta of 1.57. Doman Building Materials Group has a 52 week low of C$6.08 and a 52 week high of C$8.64. The firm’s 50-day simple moving average is C$8.02 and its two-hundred day simple moving average is C$7.75.

Doman Building Materials Group (TSE:DBMGet Free Report) last released its earnings results on Thursday, May 9th. The company reported C$0.16 earnings per share for the quarter, meeting analysts’ consensus estimates of C$0.16. Doman Building Materials Group had a net margin of 3.04% and a return on equity of 13.18%. The firm had revenue of C$602.48 million during the quarter, compared to the consensus estimate of C$665.05 million.

Insider Activity at Doman Building Materials Group

In related news, Senior Officer James Salter Code purchased 6,500 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The shares were acquired at an average price of C$7.38 per share, for a total transaction of C$47,970.00. 19.91% of the stock is currently owned by company insiders.

Doman Building Materials Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Thursday, March 28th were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 7.76%. The ex-dividend date of this dividend was Wednesday, March 27th. Doman Building Materials Group’s dividend payout ratio (DPR) is currently 64.37%.

Doman Building Materials Group Company Profile

(Get Free Report)

Doman Building Materials Group Ltd., through its subsidiaries, engages in the wholesale distribution of building materials and home renovation products in the United States and Canada. The company offers treated wood; siding and trim; decking and aluminum railing; engineered wood products; roofing products; insulation and wrap products; and lumber and plywood products.

Further Reading

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