FY2024 Earnings Forecast for TSE:DBM Issued By Raymond James

Doman Building Materials Group Ltd. (TSE:DBM) – Research analysts at Raymond James dropped their FY2024 earnings estimates for shares of Doman Building Materials Group in a research report issued on Monday, October 21st. Raymond James analyst D. Swetlishoff now anticipates that the company will post earnings of $0.62 per share for the year, down from their prior estimate of $0.64. Raymond James currently has a “Strong-Buy” rating and a $11.50 target price on the stock. The consensus estimate for Doman Building Materials Group’s current full-year earnings is $0.81 per share. Raymond James also issued estimates for Doman Building Materials Group’s FY2025 earnings at $1.07 EPS and FY2026 earnings at $1.18 EPS.

A number of other research firms have also recently issued reports on DBM. Stifel Nicolaus increased their price objective 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 report on Thursday, October 17th. CIBC increased 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. TD Securities raised their price objective on shares of Doman Building Materials Group from C$11.50 to C$12.00 in a research note on Tuesday. National Bankshares lifted their price target on Doman Building Materials Group from C$8.50 to C$12.00 and gave the company an “outperform” rating in a research note on Monday, October 7th. Finally, Canaccord Genuity Group raised 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. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of C$10.64.

Doman Building Materials Group Price Performance

Doman Building Materials Group stock opened at C$8.43 on Thursday. The stock’s 50 day moving average price is C$7.82 and its two-hundred day moving average price is C$7.45. The stock has a market capitalization of C$735.85 million, a price-to-earnings ratio of 11.71 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 has a 52-week low of C$6.32 and a 52-week high of C$9.15.

Doman Building Materials Group (TSE:DBM) last posted its quarterly earnings data 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 business had revenue of C$689.83 million during the quarter, compared to the consensus estimate of C$742.90 million.

Doman Building Materials Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Friday, September 27th were given a dividend of $0.14 per share. The ex-dividend date was Friday, September 27th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 6.64%. Doman Building Materials Group’s dividend payout ratio is presently 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.