TSE:DBM FY2024 EPS Boosted by National Bank Financial

Doman Building Materials Group Ltd. (TSE:DBM) – Investment analysts at National Bank Financial increased their FY2024 EPS estimates for Doman Building Materials Group in a research note issued to investors 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 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.

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

Doman Building Materials Group Stock Performance

Shares of TSE DBM opened at C$9.03 on Tuesday. The firm’s 50-day moving average price is C$8.22 and its 200-day moving average price is C$7.50. Doman Building Materials Group has a 52-week low of C$6.32 and a 52-week high of C$9.17. The company has a market cap of C$788.23 million, a PE ratio of 12.54 and a beta of 1.53. The company has a quick ratio of 1.11, a current ratio of 3.78 and a debt-to-equity ratio of 132.33.

Doman Building Materials Group Announces Dividend

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 dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 6.20%. The ex-dividend date was Friday, September 27th. 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.