Domtar Corporation (UFS) Set to Announce Quarterly Earnings on Friday
Domtar Corporation (NYSE:UFS) (TSE:UFS) is scheduled to be issuing its quarterly earnings data before the market opens on Friday, October 27th. Analysts expect the company to announce earnings of $0.82 per share for the quarter.
Domtar Corporation (NYSE:UFS) (TSE:UFS) last released its quarterly earnings data on Friday, July 28th. The basic materials company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.53 by $0.08. Domtar Corporation had a net margin of 3.23% and a return on equity of 6.47%. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter in the prior year, the firm earned $0.61 EPS. The business’s revenue was down 3.4% on a year-over-year basis. On average, analysts expect Domtar Corporation to post $2.53 EPS for the current fiscal year and $2.92 EPS for the next fiscal year.
Domtar Corporation (NYSE:UFS) opened at 44.25 on Friday. The firm’s 50 day moving average is $42.64 and its 200 day moving average is $39.17. Domtar Corporation has a 12-month low of $33.99 and a 12-month high of $44.72. The company has a market cap of $2.77 billion, a P/E ratio of 16.88 and a beta of 1.49.
The business also recently announced a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Monday, October 2nd were paid a dividend of $0.415 per share. The ex-dividend date was Friday, September 29th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 3.75%. Domtar Corporation’s dividend payout ratio is currently 63.36%.
A number of analysts have recently commented on UFS shares. ValuEngine raised shares of Domtar Corporation from a “hold” rating to a “buy” rating in a research note on Friday, September 8th. Vertical Research reissued a “buy” rating on shares of Domtar Corporation in a research note on Friday, July 28th. BidaskClub raised shares of Domtar Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. Zacks Investment Research cut shares of Domtar Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Finally, Scotiabank cut their target price on shares of Domtar Corporation from $40.50 to $40.00 and set a “sector perform” rating for the company in a research note on Monday, July 31st. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $42.25.
In related news, VP Daniel Buron sold 4,900 shares of the business’s stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $40.10, for a total transaction of $196,490.00. Following the transaction, the vice president now directly owns 15,126 shares in the company, valued at $606,552.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael Dennis Garcia sold 4,712 shares of the business’s stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $42.73, for a total transaction of $201,343.76. Following the transaction, the insider now owns 4,712 shares in the company, valued at $201,343.76. The disclosure for this sale can be found here. Insiders have sold 13,766 shares of company stock worth $569,809 over the last 90 days. 1.04% of the stock is currently owned by company insiders.
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.
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