Equities analysts expect that Domtar Corp (NYSE:UFS) (TSE:UFS) will report sales of $1.43 billion for the current quarter, according to Zacks. Three analysts have issued estimates for Domtar’s earnings, with the highest sales estimate coming in at $1.44 billion and the lowest estimate coming in at $1.43 billion. Domtar posted sales of $1.29 billion in the same quarter last year, which suggests a positive year over year growth rate of 10.9%. The company is scheduled to report its next earnings results before the market opens on Thursday, November 1st.
On average, analysts expect that Domtar will report full-year sales of $5.61 billion for the current financial year, with estimates ranging from $5.60 billion to $5.63 billion. For the next year, analysts anticipate that the firm will report sales of $5.75 billion, with estimates ranging from $5.62 billion to $5.89 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover Domtar.
Domtar (NYSE:UFS) (TSE:UFS) last announced its quarterly earnings results on Wednesday, August 1st. The basic materials company reported $0.65 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.77 by ($0.12). Domtar had a negative net margin of 3.25% and a positive return on equity of 7.79%. The business had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same period last year, the company earned $0.61 earnings per share. The business’s revenue for the quarter was up 10.5% compared to the same quarter last year.
A number of brokerages have weighed in on UFS. ValuEngine cut Domtar from a “buy” rating to a “hold” rating in a research note on Friday. Zacks Investment Research upgraded Domtar from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a research note on Friday. Citigroup reduced their price objective on Domtar from $53.00 to $51.00 and set a “neutral” rating for the company in a research note on Thursday. Vertical Group cut Domtar from a “buy” rating to a “hold” rating and set a $54.00 price objective for the company. in a research note on Thursday, September 13th. They noted that the move was a valuation call. Finally, Vertical Research cut Domtar to a “hold” rating and set a $54.00 price objective for the company. in a research note on Thursday, September 13th. Thirteen equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $47.50.
NYSE UFS traded down $0.21 on Wednesday, reaching $44.81. The stock had a trading volume of 537,686 shares, compared to its average volume of 645,929. The company has a current ratio of 2.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.45. Domtar has a 12-month low of $40.72 and a 12-month high of $54.50. The stock has a market cap of $3.28 billion, a P/E ratio of 17.23, a P/E/G ratio of 2.72 and a beta of 1.57.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 15th. Stockholders of record on Tuesday, October 2nd will be paid a dividend of $0.435 per share. This represents a $1.74 annualized dividend and a dividend yield of 3.88%. The ex-dividend date is Monday, October 1st. Domtar’s dividend payout ratio (DPR) is presently 66.92%.
Several institutional investors have recently added to or reduced their stakes in UFS. Acadian Asset Management LLC purchased a new stake in shares of Domtar during the second quarter worth approximately $56,384,000. Allianz Asset Management GmbH raised its position in Domtar by 36.3% in the first quarter. Allianz Asset Management GmbH now owns 764,260 shares of the basic materials company’s stock worth $32,490,000 after acquiring an additional 203,434 shares in the last quarter. Chicago Equity Partners LLC raised its position in Domtar by 188.9% in the second quarter. Chicago Equity Partners LLC now owns 289,570 shares of the basic materials company’s stock worth $13,824,000 after acquiring an additional 189,330 shares in the last quarter. Nuveen Asset Management LLC raised its position in Domtar by 108.0% in the first quarter. Nuveen Asset Management LLC now owns 313,478 shares of the basic materials company’s stock worth $13,335,000 after acquiring an additional 162,782 shares in the last quarter. Finally, BlackRock Inc. raised its position in Domtar by 2.1% in the second quarter. BlackRock Inc. now owns 7,773,497 shares of the basic materials company’s stock worth $371,108,000 after acquiring an additional 158,605 shares in the last quarter. Institutional investors and hedge funds own 93.31% of the company’s stock.
Domtar Corporation designs, manufactures, markets, and distributes various communication papers, specialty and packaging papers, and absorbent hygiene products in the United States, Canada, Europe, Asia, and internationally. It operates in two segments, Pulp and Paper, and Personal Care. The company offers business papers, including copy and electronic imaging papers for use with inkjet and laser printers, photocopiers, and plain-paper fax machines, as well as computer papers, preprinted forms, and digital papers for office and home use.
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