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

Doman Building Materials Group (TSE:DBMGet Free Report) announced its earnings results on Wednesday. The company reported C$0.36 earnings per share (EPS) for the quarter, FiscalAI reports. Doman Building Materials Group had a net margin of 2.61% and a return on equity of 12.52%. The firm had revenue of C$904.47 million during the quarter.

Doman Building Materials Group Stock Down 3.2%

DBM traded down C$0.38 on Thursday, reaching C$11.44. 161,673 shares of the company traded hands, compared to its average volume of 124,247. The company has a market cap of C$1.00 billion, a price-to-earnings ratio of 12.43 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. The stock’s 50 day moving average price is C$11.21 and its 200-day moving average price is C$10.45. Doman Building Materials Group has a 52-week low of C$8.47 and a 52-week high of C$11.99.

Doman Building Materials Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 15th were issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 4.9%. The ex-dividend date was Tuesday, June 30th. Doman Building Materials Group’s dividend payout ratio (DPR) is currently 60.87%.

Analyst Upgrades and Downgrades

DBM has been the subject of a number of research analyst reports. Desjardins upped their target price on Doman Building Materials Group from C$12.00 to C$12.50 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Stifel Nicolaus raised their target price on Doman Building Materials Group from C$12.00 to C$12.25 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Royal Bank Of Canada lifted their target price on Doman Building Materials Group from C$11.00 to C$12.00 and gave the stock an “outperform” rating in a report on Thursday, April 16th. National Bank Financial upped 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 report on Wednesday, July 22nd. Finally, 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 price objective on the stock. in a research note on Monday, July 27th. Six equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Doman Building Materials Group presently has a consensus rating of “Buy” and an average price target of C$12.29.

View Our Latest Stock Analysis on Doman Building Materials Group

Insider Activity

In other Doman Building Materials Group news, insider Darren John Alexander Gwozd acquired 5,200 shares of Doman Building Materials Group stock in a transaction that occurred on Thursday, May 14th. The stock was acquired at an average price of C$10.35 per share, with a total value of C$53,820.00. Following the purchase, the insider owned 5,200 shares in the company, valued at approximately C$53,820. This trade represents a ∞ increase in their ownership of the stock. Insiders own 20.04% of the company’s stock.

Doman Building Materials Group Company Profile

(Get Free Report)

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.

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Earnings History for Doman Building Materials Group (TSE:DBM)

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