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

Doman Building Materials Group (TSE:DBM) announced its quarterly earnings results on Thursday. The company reported C$0.13 earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of C$644.23 million during the quarter. Doman Building Materials Group had a return on equity of 11.94% and a net margin of 2.44%.

Doman Building Materials Group Stock Down 2.4%

Shares of DBM stock opened at C$9.99 on Friday. The company has a debt-to-equity ratio of 112.76, a current ratio of 1.38 and a quick ratio of 1.11. Doman Building Materials Group has a one year low of C$6.30 and a one year high of C$10.60. The company’s fifty day moving average price is C$10.01 and its 200-day moving average price is C$9.51. The company has a market capitalization of C$875.42 million, a price-to-earnings ratio of 11.35 and a beta of 1.28.

Analyst Ratings Changes

Separately, Stifel Nicolaus raised their target price on Doman Building Materials Group from C$11.00 to C$11.75 and gave the stock a “buy” rating in a research report on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Doman Building Materials Group currently has an average rating of “Buy” and an average target price of C$10.47.

About Doman Building Materials Group

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.