Stifel Canada Issues Positive Forecast for TSE:DBM Earnings

Doman Building Materials Group Ltd. (TSE:DBM) – Stock analysts at Stifel Canada increased their FY2024 earnings per share estimates for Doman Building Materials Group in a research report issued on Sunday, November 10th. Stifel Canada analyst I. Gillies now anticipates that the company will post earnings per share of $0.70 for the year, up from their previous forecast of $0.66. The consensus estimate for Doman Building Materials Group’s current full-year earnings is $0.81 per share.

Several other brokerages have also weighed in on DBM. CIBC lifted their target price on shares of Doman Building Materials Group from C$8.50 to C$9.00 and gave the company an “outperform” rating in a research report on Wednesday, October 2nd. Stifel Nicolaus lifted their price objective on Doman Building Materials Group from C$9.25 to C$10.00 and gave the company a “buy” rating in a report on Thursday, October 17th. Raymond James increased their target price on Doman Building Materials Group from C$9.75 to C$11.50 and gave the stock a “strong-buy” rating in a report on Wednesday, October 2nd. National Bankshares boosted their price target on Doman Building Materials Group from C$8.50 to C$12.00 and gave the company an “outperform” rating in a research note on Monday, October 7th. Finally, TD Securities increased their price objective on Doman Building Materials Group from C$11.50 to C$12.00 in a research note on Tuesday, October 22nd. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of C$10.64.

Doman Building Materials Group Trading Down 0.8 %

Shares of Doman Building Materials Group stock opened at C$9.03 on Tuesday. Doman Building Materials Group has a 52-week low of C$6.32 and a 52-week high of C$9.17. The firm has a market capitalization of C$788.23 million, a PE ratio of 12.54 and a beta of 1.53. The company has a debt-to-equity ratio of 132.33, a current ratio of 3.78 and a quick ratio of 1.11. The company’s fifty day moving average price is C$8.22 and its two-hundred day moving average price is C$7.50.

Doman Building Materials Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Friday, September 27th were given a $0.14 dividend. The ex-dividend date was Friday, September 27th. This represents a $0.56 annualized dividend and a yield of 6.20%. Doman Building Materials Group’s payout ratio is 77.78%.

Doman Building Materials Group Company Profile

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.