Doman Building Materials Group (TSE:DBM) Shares Up 7.3%

Posted by on Aug 6th, 2023

Doman Building Materials Group Ltd. (TSE:DBM – Get Free Report)’s share price shot up 7.3% during trading on Friday . The company traded as high as C$7.20 and last traded at C$7.20. 189,814 shares were traded during mid-day trading, a decline of 14% from the average session volume of 221,185 shares. The stock had previously closed at C$6.71.

Wall Street Analyst Weigh In

Several brokerages have issued reports on DBM. Stifel Nicolaus dropped their price target on Doman Building Materials Group from C$8.00 to C$7.75 in a research note on Tuesday, July 18th. Raymond James boosted their price target on Doman Building Materials Group from C$7.00 to C$7.25 and gave the company a “market perform” rating in a research note on Tuesday, May 16th. Finally, CIBC raised Doman Building Materials Group from a “neutral” rating to an “outperform” rating and set a C$7.50 price target on the stock in a research note on Thursday, July 20th.

Doman Building Materials Group Price Performance

The firm has a market capitalization of C$639.51 million, a P/E ratio of 12.27 and a beta of 1.58. The company has a debt-to-equity ratio of 137.56, a quick ratio of 1.11 and a current ratio of 2.55. The business has a 50 day simple moving average of C$6.58 and a two-hundred day simple moving average of C$6.72.

Doman Building Materials Group (TSE:DBM – Get Free Report) last announced its quarterly earnings data on Thursday, May 11th. The company reported C$0.17 EPS for the quarter, beating the consensus estimate of C$0.09 by C$0.08. The firm had revenue of C$609.12 million for the quarter, compared to analyst estimates of C$579.93 million. Doman Building Materials Group had a return on equity of 9.45% and a net margin of 1.85%. On average, sell-side analysts expect that Doman Building Materials Group Ltd. will post 0.5939394 EPS for the current fiscal year.

Doman Building Materials Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Friday, June 30th were given a dividend of $0.14 per share. The ex-dividend date was Thursday, June 29th. This represents a $0.56 annualized dividend and a dividend yield of 7.61%. Doman Building Materials Group’s dividend payout ratio (DPR) is presently 93.33%.

About Doman Building Materials Group

(Get Free Report)

Doman Building Materials Group Ltd., through its subsidiaries, engages in the wholesale distribution of building materials and home renovation products for new home construction, home renovation, and industrial markets primarily in the United States and Canada. It distributes a range of building materials, lumber, and renovation products.

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