Doman Building Materials Group (TSE:DBM) Posts Earnings Results

Doman Building Materials Group (TSE:DBM) posted its quarterly earnings data on Thursday. The company reported C$0.13 earnings per share for the quarter, FiscalAI reports. The business had revenue of C$644.23 million for the quarter. Doman Building Materials Group had a net margin of 2.44% and a return on equity of 11.94%.

Doman Building Materials Group Stock Performance

DBM stock traded down C$0.11 during trading on Thursday, hitting C$10.24. 88,146 shares of the company traded hands, compared to its average volume of 139,138. The company has a market cap of C$897.33 million, a PE ratio of 11.64 and a beta of 1.26. Doman Building Materials Group has a 1 year low of C$6.30 and a 1 year high of C$10.60. The stock’s 50-day simple moving average is C$10.01 and its 200 day simple moving average is C$9.51. The company has a debt-to-equity ratio of 112.76, a current ratio of 1.38 and a quick ratio of 1.11.

Analysts Set New Price Targets

Separately, Stifel Nicolaus upped their target price on Doman Building Materials Group from C$11.00 to C$11.75 and gave the stock a “buy” rating in a report on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of C$10.47.

Doman Building Materials Group Company Profile

Doman Building Materials Group Ltd is a wholesale distributor of building materials and home renovation products. The company services the new home construction, home renovation and industrial markets by supplying the retail and wholesale lumber and building materials industry, hardware stores, industrial and furniture manufacturers and similar concerns. Its operations also include timber ownership and management of private timberlands and forest licenses, and agricultural post-peeling and pressure treating through CanWel Fibre Corp.