Zacks: Brokerages Anticipate Domtar Corp (UFS) to Announce $0.51 EPS
Equities analysts expect Domtar Corp (NYSE:UFS) (TSE:UFS) to post earnings of $0.51 per share for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Domtar Corp’s earnings. The highest EPS estimate is $0.73 and the lowest is $0.40. Domtar Corp posted earnings per share of $0.61 in the same quarter last year, which would suggest a negative year-over-year growth rate of 16.4%. The firm is scheduled to issue its next quarterly earnings report before the market opens on Thursday, July 27th.
On average, analysts expect that Domtar Corp will report full year earnings of $2.62 per share for the current fiscal year, with EPS estimates ranging from $2.33 to $2.93. For the next year, analysts expect that the company will post earnings of $2.86 per share, with EPS estimates ranging from $1.95 to $3.35. Zacks’ EPS averages are an average based on a survey of sell-side research firms that cover Domtar Corp.
Domtar Corp (NYSE:UFS) last issued its quarterly earnings results on Thursday, April 27th. The basic materials company reported $0.32 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.08. The firm had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.25 billion. Domtar Corp had a net margin of 2.51% and a return on equity of 6.54%. Domtar Corp’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same period last year, the company posted $0.35 EPS.
UFS has been the topic of several recent research reports. Bank of America Corp raised shares of Domtar Corp from a “neutral” rating to a “buy” rating and upped their price target for the company from $44.00 to $48.00 in a report on Friday, January 27th. Zacks Investment Research raised shares of Domtar Corp from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 7th. DA Davidson reaffirmed an “underperform” rating and issued a $32.00 price target (down previously from $35.00) on shares of Domtar Corp in a report on Wednesday, March 29th. Citigroup Inc reaffirmed a “neutral” rating and issued a $39.00 price target (down previously from $41.00) on shares of Domtar Corp in a report on Friday, April 14th. Finally, TD Securities reaffirmed a “hold” rating and issued a $42.00 price target on shares of Domtar Corp in a report on Friday, April 28th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. Domtar Corp currently has an average rating of “Hold” and an average target price of $42.17.
In other news, insider John David Williams sold 32,550 shares of the business’s stock in a transaction that occurred on Thursday, February 23rd. The shares were sold at an average price of $39.28, for a total value of $1,278,564.00. Following the completion of the transaction, the insider now owns 33,060 shares of the company’s stock, valued at $1,298,596.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Zygmunt Jablonski sold 3,134 shares of the business’s stock in a transaction that occurred on Monday, May 1st. The shares were sold at an average price of $39.53, for a total transaction of $123,887.02. Following the completion of the transaction, the senior vice president now directly owns 19,604 shares of the company’s stock, valued at approximately $774,946.12. The disclosure for this sale can be found here. In the last three months, insiders sold 58,819 shares of company stock valued at $2,306,095. Company insiders own 0.85% of the company’s stock.
Several institutional investors have recently bought and sold shares of UFS. Alpha Windward LLC raised its position in Domtar Corp by 1.0% in the first quarter. Alpha Windward LLC now owns 12,060 shares of the basic materials company’s stock worth $440,000 after buying an additional 120 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. raised its position in Domtar Corp by 0.8% in the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 16,397 shares of the basic materials company’s stock worth $609,000 after buying an additional 123 shares in the last quarter. First Citizens Bank & Trust Co. raised its position in Domtar Corp by 1.7% in the third quarter. First Citizens Bank & Trust Co. now owns 9,549 shares of the basic materials company’s stock worth $355,000 after buying an additional 161 shares in the last quarter. Stephens Inc. AR raised its position in Domtar Corp by 1.0% in the third quarter. Stephens Inc. AR now owns 18,331 shares of the basic materials company’s stock worth $681,000 after buying an additional 174 shares in the last quarter. Finally, State Treasurer State of Michigan raised its position in Domtar Corp by 0.8% in the first quarter. State Treasurer State of Michigan now owns 25,400 shares of the basic materials company’s stock worth $928,000 after buying an additional 200 shares in the last quarter. 82.05% of the stock is owned by institutional investors and hedge funds.
Domtar Corp (NYSE:UFS) opened at 37.82 on Tuesday. The company has a 50-day moving average of $37.72 and a 200-day moving average of $38.77. Domtar Corp has a 52 week low of $32.74 and a 52 week high of $44.58. The stock has a market capitalization of $2.37 billion, a price-to-earnings ratio of 16.44 and a beta of 1.59.
The company also recently disclosed a quarterly dividend, which was paid on Monday, April 17th. Stockholders of record on Monday, April 3rd were given a $0.415 dividend. This represents a $1.66 dividend on an annualized basis and a dividend yield of 4.39%. The ex-dividend date of this dividend was Thursday, March 30th. Domtar Corp’s dividend payout ratio is presently 81.37%.
Domtar Corp 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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