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

Doman Building Materials Group (TSE:DBM) posted its quarterly earnings data on Wednesday. The company reported C$0.36 earnings per share for the quarter, FiscalAI reports. Doman Building Materials Group had a return on equity of 12.52% and a net margin of 2.61%.The business had revenue of C$904.47 million for the quarter.

Doman Building Materials Group Stock Up 2.2%

Doman Building Materials Group stock traded up C$0.26 during mid-day trading on Wednesday, reaching C$11.82. The stock had a trading volume of 201,752 shares, compared to its average volume of 123,922. Doman Building Materials Group has a one year low of C$8.47 and a one year high of C$11.99. The company has a 50-day moving average price of C$11.19 and a two-hundred day moving average price of C$10.43. The company has a market capitalization of C$1.04 billion, a price-to-earnings ratio of 12.85 and a beta of 1.51. The company has a debt-to-equity ratio of 175.88, a current ratio of 3.94 and a quick ratio of 1.11.

Doman Building Materials Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 15th were paid a $0.14 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $0.56 dividend on an annualized basis and a yield of 4.7%. Doman Building Materials Group’s payout ratio is presently 60.87%.

Analyst Ratings Changes

Several brokerages recently weighed in on DBM. Desjardins upped their price target on Doman Building Materials Group from C$12.00 to C$12.50 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. Raymond James Financial cut shares of Doman Building Materials Group from a “strong-buy” rating to a “moderate buy” rating and set a C$12.00 target price on the stock. in a report on Monday, July 27th. Royal Bank Of Canada increased their price target on shares of Doman Building Materials Group from C$11.00 to C$12.00 and gave the stock an “outperform” rating in a research note on Thursday, April 16th. National Bank Financial lifted their price target on shares of Doman Building Materials Group from C$13.50 to C$14.00 and gave the company an “outperform” rating in a research report on Wednesday, July 22nd. Finally, Stifel Nicolaus upped their price objective on shares of Doman Building Materials Group from C$12.00 to C$12.25 and gave the stock a “buy” rating in a report on Tuesday, May 12th. Six investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of C$12.29.

Insiders Place Their Bets

In other news, insider Darren John Alexander Gwozd bought 5,200 shares of the firm’s stock in a transaction on Thursday, May 14th. The stock was acquired at an average cost of C$10.35 per share, with a total value of C$53,820.00. Following the completion of the acquisition, the insider owned 5,200 shares of the company’s stock, valued at approximately C$53,820. This represents a ∞ increase in their ownership of the stock. Corporate insiders own 20.04% of the company’s stock.

Doman Building Materials Group Company Profile

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.