Equities analysts expect Domtar Corp (NYSE:UFS) (TSE:UFS) to post $1.30 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Domtar’s earnings, with the highest sales estimate coming in at $1.33 billion and the lowest estimate coming in at $1.27 billion. Domtar posted sales of $1.22 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 6.6%. The business is expected to report its next quarterly earnings results on Friday, July 27th.
According to Zacks, analysts expect that Domtar will report full-year sales of $5.41 billion for the current year, with estimates ranging from $5.21 billion to $5.53 billion. For the next fiscal year, analysts forecast that the company will report sales of $5.47 billion per share, with estimates ranging from $5.22 billion to $5.70 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Domtar.
Domtar (NYSE:UFS) (TSE:UFS) last released its quarterly earnings data on Tuesday, May 1st. The basic materials company reported $0.87 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.11. The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.34 billion. Domtar had a positive return on equity of 7.45% and a negative net margin of 3.42%. The firm’s revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.32 earnings per share.
A number of research firms have weighed in on UFS. National Bank Financial increased their target price on shares of Domtar from $42.00 to $45.00 and gave the company a “sector perform” rating in a research report on Wednesday, May 2nd. Royal Bank of Canada increased their target price on shares of Domtar from $50.00 to $52.00 and gave the company an “outperform” rating in a research report on Wednesday, May 2nd. Scotiabank reissued a “sector perform” rating and set a $43.00 target price on shares of Domtar in a research report on Wednesday, May 2nd. ValuEngine raised shares of Domtar from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 2nd. Finally, Bank of America reissued a “neutral” rating and set a $50.00 target price on shares of Domtar in a research report on Monday, April 2nd. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $44.25.
NYSE:UFS traded down $0.55 on Monday, reaching $47.66. 708,700 shares of the stock traded hands, compared to its average volume of 716,289. The company has a market capitalization of $3.09 billion, a PE ratio of 18.35, a P/E/G ratio of 2.92 and a beta of 1.66. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.26 and a current ratio of 2.34. Domtar has a 1-year low of $36.29 and a 1-year high of $52.58.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 16th. Stockholders of record on Tuesday, July 3rd will be given a dividend of $0.435 per share. This represents a $1.74 annualized dividend and a dividend yield of 3.65%. The ex-dividend date of this dividend is Monday, July 2nd. Domtar’s dividend payout ratio (DPR) is 66.92%.
In related news, VP Daniel Buron sold 16,853 shares of the stock in a transaction on Friday, March 16th. The stock was sold at an average price of $45.99, for a total value of $775,069.47. Following the transaction, the vice president now directly owns 19,101 shares in the company, valued at approximately $878,454.99. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Patrick Loulou sold 15,000 shares of the stock in a transaction on Wednesday, March 21st. The stock was sold at an average price of $45.61, for a total value of $684,150.00. Following the completion of the transaction, the senior vice president now owns 9,722 shares in the company, valued at $443,420.42. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 95,360 shares of company stock valued at $4,400,650. Insiders own 0.95% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of UFS. Mackay Shields LLC bought a new stake in Domtar in the first quarter valued at approximately $15,332,000. Allianz Asset Management GmbH grew its stake in shares of Domtar by 36.3% in the first quarter. Allianz Asset Management GmbH now owns 764,260 shares of the basic materials company’s stock worth $32,490,000 after acquiring an additional 203,434 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Domtar by 215.3% during the fourth quarter. Wells Fargo & Company MN now owns 279,785 shares of the basic materials company’s stock valued at $13,855,000 after purchasing an additional 191,055 shares in the last quarter. Nuveen Asset Management LLC lifted its holdings in shares of Domtar by 108.0% during the first quarter. Nuveen Asset Management LLC now owns 313,478 shares of the basic materials company’s stock valued at $13,335,000 after purchasing an additional 162,782 shares in the last quarter. Finally, Cornerstone Capital Management Holdings LLC. lifted its holdings in shares of Domtar by 98.9% during the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 320,258 shares of the basic materials company’s stock valued at $15,859,000 after purchasing an additional 159,271 shares in the last quarter. Institutional investors own 93.37% of the company’s stock.
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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