National Bank Financial Forecasts TSE:DBM FY2024 Earnings

Doman Building Materials Group Ltd. (TSE:DBM) – Equities research analysts at National Bank Financial lifted their FY2024 earnings per share estimates for Doman Building Materials Group in a research report issued on Sunday, November 10th. National Bank Financial analyst Z. Evershed now expects that the company will post earnings per share of $0.65 for the year, up from their prior estimate of $0.59. The consensus estimate for Doman Building Materials Group’s current full-year earnings is $0.81 per share. National Bank Financial also issued estimates for Doman Building Materials Group’s Q4 2024 earnings at $0.10 EPS, FY2025 earnings at $0.93 EPS and FY2026 earnings at $1.10 EPS.

Several other equities research analysts have also recently weighed in on the stock. Raymond James increased their price target on shares of Doman Building Materials Group from C$9.75 to C$11.50 and gave the company a “strong-buy” rating in a research report on Wednesday, October 2nd. Canaccord Genuity Group raised their price target on Doman Building Materials Group from C$9.00 to C$11.00 and gave the stock a “buy” rating in a research note on Wednesday, October 2nd. CIBC increased their price target on shares of Doman Building Materials Group from C$8.50 to C$9.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 2nd. National Bankshares lifted their price objective on Doman Building Materials Group from C$8.50 to C$12.00 and gave the company an “outperform” rating in a research report on Monday, October 7th. Finally, Stifel Nicolaus upped their price target on Doman Building Materials Group from C$9.25 to C$10.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of C$10.64.

Doman Building Materials Group Stock Up 4.2 %

Shares of TSE DBM opened at C$9.08 on Tuesday. The stock has a market capitalization of C$792.59 million, a P/E ratio of 12.61 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. Doman Building Materials Group has a one year low of C$6.32 and a one year high of C$9.17. The firm’s 50 day simple moving average is C$8.10 and its two-hundred day simple moving average is C$7.47.

Doman Building Materials Group (TSE:DBM) last posted its earnings results on Friday, August 9th. The company reported C$0.20 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.22 by C($0.02). Doman Building Materials Group had a net margin of 2.56% and a return on equity of 10.63%. The company had revenue of C$689.83 million for the quarter, compared to analysts’ expectations of C$742.90 million.

Doman Building Materials Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Friday, September 27th were given a $0.14 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.56 annualized dividend and a dividend yield of 6.17%. Doman Building Materials Group’s payout ratio is presently 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.