What is Stifel Canada’s Forecast for TSE:DBM Q3 Earnings?

Doman Building Materials Group Ltd. (TSE:DBM) – Stock analysts at Stifel Canada issued their Q3 2024 earnings per share estimates for Doman Building Materials Group in a research note issued to investors on Wednesday, October 16th. Stifel Canada analyst I. Gillies expects that the company will post earnings per share of $0.14 for the quarter. The consensus estimate for Doman Building Materials Group’s current full-year earnings is $0.81 per share.

Doman Building Materials Group (TSE:DBM) last released 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 analysts’ expectations of C$742.90 million. Doman Building Materials Group had a return on equity of 10.63% and a net margin of 2.56%.

A number of other equities analysts have also weighed in on the stock. Royal Bank of Canada decreased their price target on shares of Doman Building Materials Group from C$10.00 to C$9.00 in a report on Thursday, July 11th. Canaccord Genuity Group lifted their target price on Doman Building Materials Group from C$9.00 to C$11.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. National Bankshares upped their price target on Doman Building Materials Group from C$8.50 to C$12.00 and gave the stock an “outperform” rating in a research note on Monday, October 7th. 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 research note on Thursday. Finally, CIBC boosted their target price on Doman Building Materials Group from C$8.50 to C$9.00 and gave the stock an “outperform” rating in a report on Wednesday, October 2nd. 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 MarketBeat, the company currently has an average rating of “Buy” and an average target price of C$10.42.

Doman Building Materials Group Price Performance

DBM opened at C$8.79 on Friday. Doman Building Materials Group has a 1 year low of C$6.32 and a 1 year high of C$9.15. The company’s 50 day simple moving average is C$7.64 and its 200 day simple moving average is C$7.43. The stock has a market capitalization of C$767.28 million, a PE ratio of 12.21 and a beta of 1.53. The company has a debt-to-equity ratio of 132.33, a quick ratio of 1.11 and a current ratio of 3.78.

Doman Building Materials Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Friday, September 27th were paid a $0.14 dividend. The ex-dividend date was Friday, September 27th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 6.37%. Doman Building Materials Group’s dividend payout ratio (DPR) 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.