KeyCorp Comments on Domtar Corp’s Q2 2017 Earnings (TSE:UFS)
Domtar Corp (TSE:UFS) (NYSE:UFS) – Equities researchers at KeyCorp issued their Q2 2017 earnings per share estimates for shares of Domtar Corp in a note issued to investors on Wednesday. KeyCorp analyst A. Josephson anticipates that the company will earn $0.67 per share for the quarter. KeyCorp also issued estimates for Domtar Corp’s Q3 2017 earnings at $1.04 EPS, Q4 2017 earnings at $1.21 EPS, FY2017 earnings at $3.32 EPS and FY2018 earnings at $2.94 EPS.
Other equities analysts also recently issued research reports about the company. Scotiabank raised their target price on Domtar Corp to C$55.00 and gave the company a “sector perform” rating in a research report on Friday, April 28th. TD Securities restated a “hold” rating and issued a C$57.00 target price on shares of Domtar Corp in a research report on Friday, April 28th. Finally, Raymond James Financial, Inc. restated an “outperform” rating and issued a C$71.00 target price on shares of Domtar Corp in a research report on Friday, April 28th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of C$60.50.
Shares of Domtar Corp (UFS) opened at 47.33 on Monday. The firm has a 50-day moving average price of $49.76 and a 200-day moving average price of $51.60. The company has a market cap of $2.96 billion and a P/E ratio of 20.58. Domtar Corp has a 1-year low of $42.74 and a 1-year high of $58.31.
The company also recently announced a quarterly dividend, which will be paid on Monday, July 17th. Stockholders of record on Monday, July 17th will be given a $0.415 dividend. The ex-dividend date of this dividend is Thursday, June 29th. This represents a $1.66 annualized dividend and a dividend yield of 3.51%.
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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