Wall Street analysts predict that Domtar Corp (NYSE:UFS) (TSE:UFS) will announce sales of $1.43 billion for the current quarter, according to Zacks. Three analysts have made 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 expected to issue 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 fiscal year, analysts forecast that the business will report sales of $5.75 billion, with estimates ranging from $5.62 billion to $5.89 billion. Zacks’ sales averages are an average based on a survey of analysts that that provide coverage for Domtar.
Domtar (NYSE:UFS) (TSE:UFS) last announced its quarterly earnings data on Wednesday, August 1st. The basic materials company reported $0.65 EPS for the quarter, missing the Zacks’ consensus estimate of $0.77 by ($0.12). The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.32 billion. Domtar had a positive return on equity of 7.79% and a negative net margin of 3.25%. The business’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.61 EPS.
A number of analysts have recently commented on the stock. Vertical Group lowered shares of Domtar from a “buy” rating to a “hold” rating and set a $54.00 price objective on the stock. in a research report on Thursday, September 13th. They noted that the move was a valuation call. Vertical Research lowered shares of Domtar to a “hold” rating and set a $54.00 price objective on the stock. in a research report on Thursday, September 13th. Citigroup raised shares of Domtar from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $47.00 to $53.00 in a research report on Friday, September 7th. Zacks Investment Research lowered shares of Domtar from a “buy” rating to a “hold” rating in a research report on Tuesday, August 21st. Finally, BMO Capital Markets boosted their price objective on shares of Domtar from $47.00 to $52.00 and gave the stock a “market perform” rating in a research report on Monday, August 13th. Thirteen investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $47.50.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. increased its holdings in shares of Domtar by 2.1% in the second quarter. BlackRock Inc. now owns 7,773,497 shares of the basic materials company’s stock valued at $371,108,000 after purchasing an additional 158,605 shares during the last quarter. Acadian Asset Management LLC acquired a new position in shares of Domtar in the second quarter valued at $56,384,000. Allianz Asset Management GmbH increased its holdings in shares of Domtar by 36.3% in the first quarter. Allianz Asset Management GmbH now owns 764,260 shares of the basic materials company’s stock valued at $32,490,000 after purchasing an additional 203,434 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in shares of Domtar by 3.1% in the second quarter. Robeco Institutional Asset Management B.V. now owns 525,743 shares of the basic materials company’s stock valued at $25,100,000 after purchasing an additional 15,706 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of Domtar by 5.0% in the first quarter. JPMorgan Chase & Co. now owns 446,711 shares of the basic materials company’s stock valued at $19,003,000 after purchasing an additional 21,158 shares during the last quarter. Institutional investors and hedge funds own 93.31% of the company’s stock.
Shares of UFS stock traded up $0.35 during trading on Wednesday, reaching $45.16. The company’s stock had a trading volume of 605,300 shares, compared to its average volume of 645,724. The company has a quick ratio of 1.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.45. The firm has a market cap of $3.28 billion, a PE ratio of 17.23, a P/E/G ratio of 2.72 and a beta of 1.57. Domtar has a one year low of $40.72 and a one year high of $54.50.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 15th. Investors of record on Tuesday, October 2nd will be issued a dividend of $0.435 per share. The ex-dividend date of this dividend is Monday, October 1st. This represents a $1.74 dividend on an annualized basis and a yield of 3.85%. Domtar’s payout ratio is 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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