FY2024 EPS Estimates for TSE:DBM Lifted by Analyst

Doman Building Materials Group Ltd. (TSE:DBM) – Equities research analysts at National Bank Financial upped their FY2024 earnings estimates for shares of Doman Building Materials Group in a report issued on Sunday, November 10th. National Bank Financial analyst Z. Evershed now forecasts that the company will post earnings of $0.65 per share for the year, up from their previous 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.

Doman Building Materials Group (TSE:DBM) last announced its quarterly 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 return on equity of 10.63% and a net margin of 2.56%. The company had revenue of C$689.83 million for the quarter, compared to analyst estimates of C$742.90 million.

Several other brokerages also recently weighed in on DBM. National Bankshares lifted their price objective on shares of 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. TD Securities upped their price objective on shares of Doman Building Materials Group from C$11.50 to C$12.00 in a research note on Tuesday, October 22nd. Canaccord Genuity Group boosted their price target on Doman Building Materials Group from C$9.00 to C$11.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. Raymond James lifted their price objective on Doman Building Materials Group from C$9.75 to C$11.50 and gave the stock a “strong-buy” rating in a research note on Wednesday, October 2nd. Finally, Stifel Nicolaus lifted their price target on shares of 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 investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of C$10.64.

Doman Building Materials Group Price Performance

Shares of TSE DBM opened at C$9.08 on Tuesday. 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 firm has a market capitalization of C$792.59 million, a PE ratio of 12.61 and a beta of 1.53. Doman Building Materials Group has a 1-year low of C$6.32 and a 1-year high of C$9.17. The business’s fifty day moving average price is C$8.10 and its two-hundred day moving average price is C$7.47.

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 paid a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 6.17%. The ex-dividend date was Friday, September 27th. Doman Building Materials Group’s dividend payout ratio (DPR) 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.