Domtar Corporation Forecasted to Earn FY2019 Earnings of $2.76 Per Share (UFS)

Domtar Corporation (NYSE:UFS) (TSE:UFS) – Analysts at National Bank Financial issued their FY2019 earnings estimates for Domtar Corporation in a report released on Thursday. National Bank Financial analyst L. Aghazarian anticipates that the basic materials company will post earnings of $2.76 per share for the year.

Domtar Corporation (NYSE:UFS) (TSE:UFS) last released its quarterly earnings results on Friday, July 28th. The basic materials company reported $0.61 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.08. Domtar Corporation had a return on equity of 6.47% and a net margin of 3.23%. The company had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same quarter in the prior year, the business posted $0.61 earnings per share. The company’s revenue for the quarter was down 3.4% compared to the same quarter last year.

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A number of other research firms have also recently weighed in on UFS. Zacks Investment Research raised Domtar Corporation from a “hold” rating to a “strong-buy” rating and set a $51.00 price target for the company in a report on Thursday, October 5th. Citigroup Inc. reaffirmed a “sell” rating and set a $40.00 price target (down from $41.00) on shares of Domtar Corporation in a report on Thursday, October 5th. KeyCorp set a $33.00 price target on Domtar Corporation and gave the company a “sell” rating in a report on Thursday, October 12th. ValuEngine raised Domtar Corporation from a “hold” rating to a “buy” rating in a report on Friday, September 8th. Finally, BidaskClub raised Domtar Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $42.25.

Domtar Corporation (UFS) traded down 0.48% on Monday, hitting $43.83. The stock had a trading volume of 499,665 shares. Domtar Corporation has a 1-year low of $33.99 and a 1-year high of $44.72. The firm has a market cap of $2.75 billion, a P/E ratio of 16.72 and a beta of 1.49. The firm’s 50-day moving average price is $42.26 and its 200-day moving average price is $38.99.

The company also recently announced a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Monday, October 2nd were paid a $0.415 dividend. The ex-dividend date was Friday, September 29th. This represents a $1.66 annualized dividend and a dividend yield of 3.77%. Domtar Corporation’s dividend payout ratio (DPR) is currently 63.36%.

In related news, VP Daniel Buron sold 4,900 shares of Domtar Corporation stock in a transaction on Monday, August 21st. The stock was sold at an average price of $40.10, for a total transaction of $196,490.00. Following the completion of the sale, the vice president now directly owns 15,126 shares of the company’s stock, valued at $606,552.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Michael Dennis Garcia sold 4,712 shares of Domtar Corporation stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $42.73, for a total value of $201,343.76. Following the sale, the insider now directly owns 4,712 shares of the company’s stock, valued at $201,343.76. The disclosure for this sale can be found here. Insiders sold a total of 13,766 shares of company stock valued at $569,809 over the last three months. Insiders own 1.04% of the company’s stock.

Several institutional investors have recently made changes to their positions in UFS. BlackRock Inc. grew its stake in shares of Domtar Corporation by 8,753.9% during the first quarter. BlackRock Inc. now owns 10,377,062 shares of the basic materials company’s stock worth $378,971,000 after purchasing an additional 10,259,859 shares during the period. QV Investors Inc. acquired a new stake in shares of Domtar Corporation during the second quarter worth $219,260,000. First Eagle Investment Management LLC acquired a new stake in shares of Domtar Corporation during the second quarter worth $10,436,000. Renaissance Technologies LLC grew its stake in shares of Domtar Corporation by 1,243.6% during the first quarter. Renaissance Technologies LLC now owns 280,042 shares of the basic materials company’s stock worth $10,227,000 after purchasing an additional 259,200 shares during the period. Finally, Prudential Financial Inc. grew its stake in shares of Domtar Corporation by 60.7% during the second quarter. Prudential Financial Inc. now owns 582,928 shares of the basic materials company’s stock worth $22,396,000 after purchasing an additional 220,146 shares during the period. 91.03% of the stock is owned by institutional investors and hedge funds.

Domtar Corporation Company Profile

Domtar Corporation designs, manufactures, markets and distributes a range of fiber-based products, including communication papers, specialty and packaging papers and absorbent hygiene products. The Company segments include Pulp and Paper and Personal Care. The Pulp and Paper segment consists of the design, manufacturing, marketing and distribution of communication, specialty and packaging papers, as well as softwood, fluff and hardwood market pulp.

Earnings History and Estimates for Domtar Corporation (NYSE:UFS)

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