Wall Street analysts expect Domtar Corp (NYSE:UFS) (TSE:UFS) to report earnings per share (EPS) of $1.63 for the current quarter, Zacks reports. Three analysts have issued estimates for Domtar’s earnings. The lowest EPS estimate is $1.17 and the highest is $1.91. Domtar posted earnings per share of $0.64 during the same quarter last year, which indicates a positive year-over-year growth rate of 154.7%. The business is scheduled to issue its next earnings results on Thursday, February 14th.
According to Zacks, analysts expect that Domtar will report full-year earnings of $4.42 per share for the current fiscal year, with EPS estimates ranging from $3.90 to $4.89. For the next financial year, analysts forecast that the company will post earnings of $5.59 per share, with EPS estimates ranging from $4.84 to $6.00. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that follow Domtar.
Domtar (NYSE:UFS) (TSE:UFS) last announced its earnings results on Thursday, November 1st. The basic materials company reported $1.46 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.32. Domtar had a negative net margin of 2.67% and a positive return on equity of 9.13%. The firm had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.42 billion. During the same period in the prior year, the firm earned $1.03 EPS. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis.
Several equities research analysts recently weighed in on the stock. ValuEngine downgraded shares of Domtar from a “buy” rating to a “hold” rating in a research note on Friday, October 12th. Citigroup lowered their price target on shares of Domtar from $53.00 to $51.00 and set a “neutral” rating for the company in a report on Thursday, October 11th. TheStreet upgraded shares of Domtar from a “c+” rating to a “b-” rating in a report on Monday, July 30th. Royal Bank of Canada boosted their price target on shares of Domtar from $54.00 to $56.00 and gave the stock an “outperform” rating in a report on Friday. Finally, National Bank Financial boosted their price target on shares of Domtar from $45.00 to $48.00 and gave the stock a “sector perform” rating in a report on Monday, July 30th. Twelve investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $49.38.
A number of hedge funds and other institutional investors have recently bought and sold shares of UFS. Jane Street Group LLC boosted its holdings in shares of Domtar by 80.9% in the 1st quarter. Jane Street Group LLC now owns 10,085 shares of the basic materials company’s stock valued at $429,000 after buying an additional 4,509 shares in the last quarter. LPL Financial LLC acquired a new position in shares of Domtar in the 1st quarter valued at $213,000. Xact Kapitalforvaltning AB boosted its holdings in shares of Domtar by 45.1% in the 1st quarter. Xact Kapitalforvaltning AB now owns 9,002 shares of the basic materials company’s stock valued at $383,000 after buying an additional 2,800 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Domtar by 2.5% in the 1st quarter. Principal Financial Group Inc. now owns 273,787 shares of the basic materials company’s stock valued at $11,647,000 after buying an additional 6,663 shares in the last quarter. Finally, Allianz Asset Management GmbH boosted its holdings in shares of Domtar by 36.3% in the 1st quarter. Allianz Asset Management GmbH now owns 764,260 shares of the basic materials company’s stock valued at $32,490,000 after buying an additional 203,434 shares in the last quarter. Institutional investors own 90.64% of the company’s stock.
UFS traded down $0.04 during trading hours on Thursday, hitting $48.68. 708,870 shares of the company’s stock were exchanged, compared to its average volume of 744,830. Domtar has a 12-month low of $40.72 and a 12-month high of $54.50. The company has a market cap of $3.02 billion, a P/E ratio of 18.72, a PEG ratio of 2.51 and a beta of 1.55. The company has a quick ratio of 1.34, a current ratio of 2.37 and a debt-to-equity ratio of 0.43.
The company also recently declared a quarterly dividend, which was paid on Monday, October 15th. Shareholders of record on Tuesday, October 2nd were issued a dividend of $0.435 per share. This represents a $1.74 annualized dividend and a yield of 3.57%. The ex-dividend date was Monday, October 1st. Domtar’s dividend payout ratio (DPR) is presently 66.92%.
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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