Zacks: Brokerages Anticipate Domtar Paper Inc (UFS) Will Post Quarterly Sales of $1.34 Billion

Wall Street brokerages predict that Domtar Paper Inc (NYSE:UFS) (TSE:UFS) will post $1.34 billion in sales for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Domtar Paper’s earnings. The highest sales estimate is $1.37 billion and the lowest is $1.30 billion. Domtar Paper reported sales of $1.30 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 3.1%. The firm is expected to issue its next earnings results on Thursday, April 26th.

On average, analysts expect that Domtar Paper will report full year sales of $1.34 billion for the current financial year, with estimates ranging from $5.21 billion to $5.46 billion. For the next financial year, analysts expect that the company will post sales of $5.32 billion per share, with estimates ranging from $5.18 billion to $5.57 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Domtar Paper.

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Domtar Paper (NYSE:UFS) (TSE:UFS) last released its quarterly earnings results on Thursday, February 8th. The basic materials company reported $0.64 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.69 by ($0.05). Domtar Paper had a negative net margin of 4.11% and a positive return on equity of 6.02%. The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter last year, the company earned $0.75 earnings per share. The firm’s revenue was up 4.9% on a year-over-year basis.

UFS has been the subject of a number of recent analyst reports. Royal Bank of Canada cut shares of Domtar Paper from an “outperform” rating to a “sector perform” rating and set a $50.00 price target for the company. in a report on Friday, January 12th. They noted that the move was a valuation call. Raymond James Financial cut shares of Domtar Paper from an “outperform” rating to a “market perform” rating in a report on Monday, January 29th. Vertical Group cut shares of Domtar Paper from a “buy” rating to a “hold” rating in a report on Thursday, January 4th. ValuEngine cut shares of Domtar Paper from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Finally, Zacks Investment Research upgraded shares of Domtar Paper from a “hold” rating to a “buy” rating and set a $56.00 price target for the company in a report on Wednesday, December 27th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $44.50.

In related news, CEO John David Williams sold 68,556 shares of the stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $45.28, for a total value of $3,104,215.68. Following the completion of the transaction, the chief executive officer now owns 55,242 shares of the company’s stock, valued at $2,501,357.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Patrick Loulou sold 15,000 shares of the stock in a transaction dated Wednesday, March 21st. The stock was sold at an average price of $45.61, for a total transaction of $684,150.00. Following the completion of the transaction, the senior vice president now directly owns 9,722 shares of the company’s stock, valued at approximately $443,420.42. The disclosure for this sale can be found here. Insiders have sold 124,180 shares of company stock valued at $5,630,151 in the last ninety days. 1.04% of the stock is owned by company insiders.

Large investors have recently bought and sold shares of the stock. Meeder Asset Management Inc. raised its position in Domtar Paper by 138.5% in the fourth quarter. Meeder Asset Management Inc. now owns 2,459 shares of the basic materials company’s stock worth $121,000 after purchasing an additional 1,428 shares in the last quarter. Cubist Systematic Strategies LLC raised its position in Domtar Paper by 176.1% in the third quarter. Cubist Systematic Strategies LLC now owns 2,905 shares of the basic materials company’s stock worth $126,000 after purchasing an additional 1,853 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Domtar Paper by 41.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,680 shares of the basic materials company’s stock worth $182,000 after purchasing an additional 1,070 shares in the last quarter. Tower Research Capital LLC TRC raised its position in Domtar Paper by 1,493.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,187 shares of the basic materials company’s stock worth $199,000 after purchasing an additional 2,987 shares in the last quarter. Finally, Shelton Capital Management acquired a new position in Domtar Paper in the third quarter worth about $206,000. 94.53% of the stock is owned by hedge funds and other institutional investors.

UFS stock traded down $0.03 during mid-day trading on Tuesday, reaching $42.91. 138,195 shares of the stock traded hands, compared to its average volume of 740,576. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.24 and a quick ratio of 1.21. Domtar Paper has a 52 week low of $35.72 and a 52 week high of $52.58. The stock has a market capitalization of $2,663.38, a price-to-earnings ratio of 16.34, a price-to-earnings-growth ratio of 2.84 and a beta of 1.62.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Monday, April 2nd will be given a dividend of $0.435 per share. The ex-dividend date is Thursday, March 29th. This represents a $1.74 dividend on an annualized basis and a dividend yield of 4.05%. This is a positive change from Domtar Paper’s previous quarterly dividend of $0.42. Domtar Paper’s dividend payout ratio is currently 66.92%.

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About Domtar Paper

Domtar Corporation designs, manufactures, markets, and distributes various communication papers, specialty and packaging papers, and absorbent hygiene products in the United States, Canada, Europe, Asia, and internationally. It operates in two segments, Pulp and Paper, and Personal Care. The company offers business papers, including copy and electronic imaging papers for use with inkjet and laser printers, photocopiers, and plain-paper fax machines, as well as computer papers, preprinted forms, and digital papers for office and home use.

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