Q2 2024 Earnings Estimate for Doman Building Materials Group Ltd. (TSE:DBM) Issued By Stifel Canada

Doman Building Materials Group Ltd. (TSE:DBM) – Equities researchers at Stifel Canada issued their Q2 2024 earnings per share estimates for shares of Doman Building Materials Group in a note issued to investors on Tuesday, July 23rd. Stifel Canada analyst I. Gillies expects that the company will post earnings per share of $0.16 for the quarter. The consensus estimate for Doman Building Materials Group’s current full-year earnings is $0.74 per share. Stifel Canada also issued estimates for Doman Building Materials Group’s FY2024 earnings at $0.62 EPS.

Doman Building Materials Group (TSE:DBM) last released its quarterly earnings data on Thursday, May 9th. The company reported C$0.16 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of C$0.16. The firm had revenue of C$602.48 million for the quarter, compared to analysts’ expectations of C$665.05 million. Doman Building Materials Group had a net margin of 3.03% and a return on equity of 12.84%.

Several other equities analysts have also recently issued reports on the stock. CIBC reduced their price target on shares of Doman Building Materials Group from C$9.00 to C$8.50 in a research report on Thursday, July 18th. National Bankshares lifted their price target on Doman Building Materials Group from C$10.00 to C$10.50 and gave the stock an “outperform” rating in a research report on Monday, May 13th. Canaccord Genuity Group lowered their price objective on Doman Building Materials Group from C$10.00 to C$9.00 and set a “buy” rating on the stock in a research report on Tuesday, May 14th. Royal Bank of Canada lowered their target price on shares of Doman Building Materials Group from C$10.00 to C$9.00 in a research note on Thursday, July 11th. Finally, Raymond James lowered their price target on Doman Building Materials Group from C$10.75 to C$9.75 and set a “strong-buy” rating on the stock in a report on Monday, May 13th. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Doman Building Materials Group presently has an average rating of “Buy” and an average price target of C$9.63.

Doman Building Materials Group Price Performance

Shares of Doman Building Materials Group stock opened at C$7.07 on Friday. The company has a quick ratio of 1.11, a current ratio of 1.30 and a debt-to-equity ratio of 142.37. Doman Building Materials Group has a 52 week low of C$6.42 and a 52 week high of C$8.64. The company has a market cap of C$616.08 million, a PE ratio of 8.22 and a beta of 1.58. The business has a 50 day moving average of C$7.04 and a 200 day moving average of C$7.65.

Insider Buying and Selling at Doman Building Materials Group

In other Doman Building Materials Group news, Senior Officer James Salter Code acquired 6,500 shares of the company’s stock in a transaction dated Monday, May 13th. The stock was purchased at an average price of C$7.38 per share, with a total value of C$47,970.00. In other Doman Building Materials Group news, Director Amar Doman purchased 10,000 shares of the firm’s stock in a transaction that occurred on Friday, May 17th. The shares were bought at an average price of C$7.23 per share, with a total value of C$72,300.00. Also, Senior Officer James Salter Code acquired 6,500 shares of the company’s stock in a transaction on Monday, May 13th. The stock was acquired at an average cost of C$7.38 per share, with a total value of C$47,970.00. Insiders have bought 150,000 shares of company stock valued at $1,078,857 over the last 90 days. 19.98% of the stock is currently owned by corporate insiders.

Doman Building Materials Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 12th. Stockholders of record on Friday, June 28th were given a dividend of $0.14 per share. The ex-dividend date was Friday, June 28th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 7.92%. Doman Building Materials Group’s payout ratio is currently 65.12%.

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.