Stifel Canada Has Weak Forecast for TSE:DBM FY2025 Earnings

Doman Building Materials Group Ltd. (TSE:DBM) – Investment analysts at Stifel Canada cut their FY2025 earnings per share (EPS) estimates for shares of Doman Building Materials Group in a research note issued on Wednesday, October 16th. Stifel Canada analyst I. Gillies now forecasts that the company will earn $0.78 per share for the year, down from their prior forecast of $0.79. 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 posted its quarterly 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). Doman Building Materials Group had a return on equity of 10.63% and a net margin of 2.56%. The firm had revenue of C$689.83 million for the quarter, compared to the consensus estimate of C$742.90 million.

A number of other equities research analysts also recently issued reports 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 stock a “strong-buy” rating in a report on Wednesday, October 2nd. 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. CIBC raised their price target on Doman Building Materials Group from C$8.50 to C$9.00 and gave the company an “outperform” rating in a report on Wednesday, October 2nd. Stifel Nicolaus raised their target price on shares of 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, National Bankshares lifted their target price 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. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of C$10.42.

Doman Building Materials Group Stock Performance

TSE:DBM opened at C$8.79 on Monday. Doman Building Materials Group has a 52-week low of C$6.32 and a 52-week high of C$9.15. The business’s fifty day moving average is C$7.64 and its 200 day moving average is C$7.42. The company has a debt-to-equity ratio of 132.33, a quick ratio of 1.11 and a current ratio of 3.78. The firm has a market cap of C$767.28 million, a price-to-earnings ratio of 12.21 and a beta of 1.53.

Doman Building Materials Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Friday, September 27th were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 6.37%. The ex-dividend date was Friday, September 27th. Doman Building Materials Group’s payout ratio is currently 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.