Doman Building Materials Group (TSE:DBM) Shares Pass Above Two Hundred Day Moving Average of $7.38

Doman Building Materials Group Ltd. (TSE:DBM)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$7.38 and traded as high as C$7.80. Doman Building Materials Group shares last traded at C$7.76, with a volume of 154,529 shares.

Wall Street Analysts Forecast Growth

DBM has been the subject of a number of recent research reports. National Bankshares reduced their target price on shares of Doman Building Materials Group from C$10.50 to C$8.50 and set an “outperform” rating for the company in a report on Tuesday, August 13th. Royal Bank of Canada dropped their price target on Doman Building Materials Group from C$10.00 to C$9.00 in a research note on Thursday, July 11th. Finally, CIBC dropped their price target on Doman Building Materials Group from C$9.00 to C$8.50 in a research note on Thursday, July 18th. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of C$9.29.

Doman Building Materials Group Trading Up 0.1 %

The company has a current ratio of 3.78, a quick ratio of 1.11 and a debt-to-equity ratio of 132.33. The company has a 50-day simple moving average of C$7.11 and a 200 day simple moving average of C$7.39. The firm has a market cap of C$666.02 million, a PE ratio of 10.60 and a beta of 1.52.

Doman Building Materials Group (TSE:DBM) last announced its earnings results on Friday, August 9th. The company reported C$0.20 earnings per share for the quarter, missing the consensus estimate of C$0.22 by C($0.02). The business had revenue of C$689.83 million for the quarter, compared to analyst estimates of C$742.90 million. Doman Building Materials Group had a return on equity of 10.63% and a net margin of 2.56%. As a group, sell-side analysts forecast that Doman Building Materials Group Ltd. will post 0.7751004 earnings per share for the current fiscal year.

Doman Building Materials Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Friday, September 27th will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 7.34%. The ex-dividend date is Friday, September 27th. Doman Building Materials Group’s dividend payout ratio is currently 77.78%.

About Doman Building Materials Group

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.