Zacks: Analysts Expect Domtar Corp (UFS) Will Post Earnings of $0.69 Per Share

Analysts expect Domtar Corp (NYSE:UFS) (TSE:UFS) to report $0.69 earnings per share for the current quarter, Zacks reports. Three analysts have provided estimates for Domtar’s earnings, with the highest EPS estimate coming in at $0.87 and the lowest estimate coming in at $0.63. Domtar reported earnings per share of $0.75 in the same quarter last year, which suggests a negative year over year growth rate of 8%. The business is scheduled to issue its next quarterly earnings report on Thursday, February 8th.

On average, analysts expect that Domtar will report full year earnings of $2.67 per share for the current financial year, with EPS estimates ranging from $2.59 to $2.82. For the next financial year, analysts forecast that the company will report earnings of $2.88 per share, with EPS estimates ranging from $2.35 to $3.50. Zacks’ EPS calculations are an average based on a survey of research firms that follow Domtar.

Domtar (NYSE:UFS) (TSE:UFS) last issued its earnings results on Friday, October 27th. The basic materials company reported $1.03 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.30. Domtar had a return on equity of 6.17% and a net margin of 3.44%. The business had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same period in the prior year, the business earned $1.13 EPS. The business’s revenue for the quarter was up 1.7% compared to the same quarter last year.

UFS has been the subject of several research reports. Zacks Investment Research upgraded Domtar from a “hold” rating to a “strong-buy” rating and set a $51.00 target price for the company in a report on Thursday, October 5th. Citigroup reiterated a “sell” rating and issued a $40.00 target price (down from $41.00) on shares of Domtar in a report on Thursday, October 5th. KeyCorp set a $33.00 target price on Domtar and gave the stock a “sell” rating in a report on Thursday, October 12th. Stephens initiated coverage on Domtar in a report on Tuesday, October 24th. They issued an “equal weight” rating and a $43.00 target price for the company. Finally, DA Davidson upped their target price on Domtar to $37.00 and gave the stock an “underperform” rating in a report on Monday, October 30th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company’s stock. Domtar has an average rating of “Hold” and a consensus target price of $43.80.

Shares of Domtar (NYSE:UFS) traded down $0.27 during mid-day trading on Friday, hitting $50.83. The company’s stock had a trading volume of 758,788 shares, compared to its average volume of 635,033. Domtar has a twelve month low of $35.47 and a twelve month high of $51.57. The stock has a market cap of $3,160.39, a PE ratio of 18.22, a price-to-earnings-growth ratio of 3.50 and a beta of 1.54. The company has a quick ratio of 1.20, a current ratio of 2.29 and a debt-to-equity ratio of 0.40.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Tuesday, January 2nd will be paid a dividend of $0.415 per share. This represents a $1.66 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date of this dividend is Friday, December 29th. Domtar’s dividend payout ratio (DPR) is currently 59.50%.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Domtar by 14.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,610 shares of the basic materials company’s stock worth $100,000 after purchasing an additional 320 shares during the last quarter. Cubist Systematic Strategies LLC lifted its stake in shares of Domtar by 176.1% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 2,905 shares of the basic materials company’s stock worth $126,000 after purchasing an additional 1,853 shares during the last quarter. Shelton Capital Management purchased a new stake in shares of Domtar during the 3rd quarter worth $206,000. Teacher Retirement System of Texas purchased a new stake in shares of Domtar during the 3rd quarter worth $224,000. Finally, Bridgewater Associates LP purchased a new stake in shares of Domtar during the 2nd quarter worth $200,000. Hedge funds and other institutional investors own 91.01% of the company’s stock.

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Domtar Company Profile

Domtar Corporation designs, manufactures, markets and distributes a range of fiber-based products, including communication papers, specialty and packaging papers and absorbent hygiene products. The Company segments include Pulp and Paper and Personal Care. The Pulp and Paper segment consists of the design, manufacturing, marketing and distribution of communication, specialty and packaging papers, as well as softwood, fluff and hardwood market pulp.

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