Doman Building Materials Group Ltd. (DBM) To Go Ex-Dividend on September 27th

Doman Building Materials Group Ltd. (TSE:DBM) declared a quarterly dividend on Friday, September 13th, Zacks reports. Shareholders of record on Friday, September 27th will be given a dividend of 0.14 per share on Tuesday, October 15th. This represents a $0.56 dividend on an annualized basis and a yield of 7.60%. The ex-dividend date of this dividend is Friday, September 27th.

Doman Building Materials Group Stock Up 1.4 %

DBM stock opened at C$7.37 on Friday. The firm has a 50-day moving average price of C$6.96 and a 200-day moving average price of C$7.41. Doman Building Materials Group has a 12 month low of C$6.32 and a 12 month high of C$8.64. The company has a current ratio of 3.78, a quick ratio of 1.11 and a debt-to-equity ratio of 132.33. The stock has a market capitalization of C$643.33 million, a P/E ratio of 10.24 and a beta of 1.52.

Doman Building Materials Group (TSE:DBM) last issued its earnings results on Friday, August 9th. The company reported C$0.20 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.22 by C($0.02). The company had revenue of C$689.83 million during the quarter, compared to analyst estimates of C$742.90 million. Doman Building Materials Group had a net margin of 2.56% and a return on equity of 10.63%. As a group, equities research analysts anticipate that Doman Building Materials Group will post 0.8002232 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on DBM. Royal Bank of Canada lowered their target price on Doman Building Materials Group from C$10.00 to C$9.00 in a report on Thursday, July 11th. CIBC lowered their price objective on Doman Building Materials Group from C$9.00 to C$8.50 in a research note on Thursday, July 18th. Finally, National Bankshares cut their target price on shares of Doman Building Materials Group from C$10.50 to C$8.50 and set an “outperform” rating on the stock in a research report on Tuesday, August 13th. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of C$9.29.

About Doman Building Materials Group

Doman Building Materials Group Ltd., through its subsidiaries, engages in the wholesale distribution of building materials and home renovation products in the United States and Canada. The company offers treated wood; siding and trim; decking and aluminum railing; engineered wood products; roofing products; insulation and wrap products; and lumber and plywood products.