Equities research analysts predict that Domtar Corp (NYSE:UFS) (TSE:UFS) will report $1.34 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Domtar’s earnings, with the highest sales estimate coming in at $1.37 billion and the lowest estimate coming in at $1.30 billion. Domtar posted sales of $1.30 billion in the same quarter last year, which would indicate a positive year over year growth rate of 3.1%. The company is scheduled to announce its next earnings results on Thursday, April 26th.
On average, analysts expect that Domtar will report full-year sales of $1.34 billion for the current fiscal year, with estimates ranging from $5.21 billion to $5.46 billion. For the next fiscal year, analysts anticipate that the business will post sales of $5.32 billion per share, with estimates ranging from $5.18 billion to $5.57 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Domtar.
Domtar (NYSE:UFS) (TSE:UFS) last announced its quarterly earnings data on Thursday, February 8th. The basic materials company reported $0.64 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.69 by ($0.05). The company had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.31 billion. Domtar had a positive return on equity of 6.02% and a negative net margin of 4.11%. The company’s revenue was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.75 earnings per share.
UFS has been the topic of several recent analyst reports. Royal Bank of Canada lowered shares of Domtar from an “outperform” rating to a “sector perform” rating and set a $50.00 price objective on the stock. in a report on Friday, January 12th. They noted that the move was a valuation call. Raymond James Financial lowered shares of Domtar from an “outperform” rating to a “market perform” rating in a report on Monday, January 29th. Vertical Group lowered shares of Domtar from a “buy” rating to a “hold” rating in a report on Thursday, January 4th. ValuEngine lowered shares of Domtar from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Finally, Zacks Investment Research upgraded shares of Domtar from a “hold” rating to a “buy” rating and set a $56.00 price objective on the stock in a report on Wednesday, December 27th. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $44.33.
Domtar (NYSE:UFS) opened at $45.40 on Friday. The firm has a market cap of $2,870.00, a PE ratio of -7.19, a PEG ratio of 3.06 and a beta of 1.63. Domtar has a 1-year low of $35.47 and a 1-year high of $52.58. The company has a current ratio of 2.24, a quick ratio of 1.21 and a debt-to-equity ratio of 0.45.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Monday, April 2nd will be issued a $0.435 dividend. This is a positive change from Domtar’s previous quarterly dividend of $0.42. The ex-dividend date is Thursday, March 29th. This represents a $1.74 annualized dividend and a yield of 3.83%. Domtar’s dividend payout ratio (DPR) is presently -26.31%.
In related news, insider Michael Fagan sold 23,674 shares of the firm’s stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $44.87, for a total value of $1,062,252.38. Following the transaction, the insider now owns 19,477 shares in the company, valued at $873,932.99. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO John David Williams sold 68,556 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $45.28, for a total transaction of $3,104,215.68. Following the completion of the transaction, the chief executive officer now owns 55,242 shares in the company, valued at approximately $2,501,357.76. The disclosure for this sale can be found here. Company insiders own 1.04% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of UFS. Victory Capital Management Inc. raised its holdings in Domtar by 19.6% in the third quarter. Victory Capital Management Inc. now owns 18,901 shares of the basic materials company’s stock valued at $820,000 after buying an additional 3,094 shares during the period. American Century Companies Inc. raised its holdings in Domtar by 110.1% in the third quarter. American Century Companies Inc. now owns 24,377 shares of the basic materials company’s stock valued at $1,058,000 after buying an additional 12,772 shares during the period. Principal Financial Group Inc. raised its stake in shares of Domtar by 0.7% during the third quarter. Principal Financial Group Inc. now owns 266,997 shares of the basic materials company’s stock valued at $11,585,000 after purchasing an additional 1,861 shares during the period. New York State Common Retirement Fund raised its stake in shares of Domtar by 4.3% during the third quarter. New York State Common Retirement Fund now owns 134,200 shares of the basic materials company’s stock valued at $5,823,000 after purchasing an additional 5,500 shares during the period. Finally, Teacher Retirement System of Texas purchased a new stake in shares of Domtar during the third quarter valued at approximately $224,000. Hedge funds and other institutional investors own 94.59% 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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