Doman Building Materials Group (TSE:DBM) Issues Quarterly Earnings Results

Doman Building Materials Group (TSE:DBM) announced its earnings results on Friday. The company reported C$0.27 earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of C$761.97 million for the quarter. Doman Building Materials Group had a net margin of 2.57% and a return on equity of 12.47%.

Doman Building Materials Group Stock Up 0.2%

TSE:DBM traded up C$0.02 during mid-day trading on Friday, reaching C$10.27. The stock had a trading volume of 106,997 shares, compared to its average volume of 128,539. The stock has a market cap of C$901.33 million, a P/E ratio of 11.16 and a beta of 1.28. The business’s 50 day moving average is C$9.90 and its 200 day moving average is C$9.63. The company has a debt-to-equity ratio of 157.89, a current ratio of 3.22 and a quick ratio of 1.11. Doman Building Materials Group has a fifty-two week low of C$7.52 and a fifty-two week high of C$10.60.

Doman Building Materials Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Wednesday, April 15th were paid a $0.14 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $0.56 annualized dividend and a dividend yield of 5.5%. Doman Building Materials Group’s payout ratio is presently 60.87%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on DBM. Desjardins upped their price target on Doman Building Materials Group from C$11.00 to C$12.00 and gave the company a “buy” rating in a research report on Monday, March 9th. Stifel Nicolaus increased their price target on shares of Doman Building Materials Group from C$11.50 to C$12.00 and gave the stock a “buy” rating in a research report on Friday, April 17th. Royal Bank Of Canada boosted their price objective on shares of Doman Building Materials Group from C$11.00 to C$12.00 and gave the company an “outperform” rating in a research report on Thursday, April 16th. Raymond James Financial upped their price objective on shares of Doman Building Materials Group from C$11.00 to C$12.00 and gave the company a “strong-buy” rating in a research note on Monday, March 9th. Finally, National Bank Financial increased their target price on shares of Doman Building Materials Group from C$12.00 to C$12.50 and gave the stock an “outperform” rating in a research report on Monday, March 9th. One research analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company’s stock. According to MarketBeat, Doman Building Materials Group presently has an average rating of “Buy” and a consensus target price of C$11.64.

About Doman Building Materials Group

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.