Domtar Corp (NYSE:UFS) (TSE:UFS) – Stock analysts at KeyCorp issued their Q3 2018 EPS estimates for Domtar in a research report issued on Thursday. KeyCorp analyst A. Josephson forecasts that the basic materials company will post earnings per share of $0.78 for the quarter. KeyCorp currently has a “Sell” rating and a $33.00 target price on the stock.

Domtar (NYSE:UFS) (TSE:UFS) last announced its quarterly earnings results on Thursday, February 8th. The basic materials company reported $0.64 earnings per share for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.05). Domtar had a positive return on equity of 6.00% and a negative net margin of 4.11%. The business had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.31 billion. During the same period last year, the company posted $0.75 earnings per share. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis.

A number of other equities analysts have also commented on UFS. Zacks Investment Research lowered shares of Domtar from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 17th. Stephens started coverage on shares of Domtar in a report on Tuesday, October 24th. They issued an “equal weight” rating and a $43.00 price objective on the stock. DA Davidson boosted their price objective on shares of Domtar to $37.00 and gave the stock an “underperform” rating in a report on Monday, October 30th. Scotiabank set a $41.00 price objective on shares of Domtar and gave the stock a “sector perform” rating in a report on Monday, October 30th. Finally, National Bank Financial boosted their price objective on shares of Domtar from $42.00 to $46.00 and gave the stock a “sector perform” rating in a report on Monday, October 30th. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $44.33.

Shares of Domtar (UFS) opened at $42.48 on Monday. Domtar has a 12-month low of $35.47 and a 12-month high of $52.58. The company has a current ratio of 2.24, a quick ratio of 1.22 and a debt-to-equity ratio of 0.45. The firm has a market cap of $2,671.38, a price-to-earnings ratio of 16.39, a P/E/G ratio of 2.98 and a beta of 1.56.

Institutional investors have recently modified their holdings of the company. Meeder Asset Management Inc. raised its stake in shares of Domtar by 138.5% in the 4th quarter. Meeder Asset Management Inc. now owns 2,459 shares of the basic materials company’s stock valued at $121,000 after purchasing an additional 1,428 shares in the last quarter. Cubist Systematic Strategies LLC raised its stake in shares of Domtar by 176.1% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 2,905 shares of the basic materials company’s stock valued at $126,000 after purchasing an additional 1,853 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Domtar by 1,493.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,187 shares of the basic materials company’s stock valued at $199,000 after purchasing an additional 2,987 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Domtar by 41.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,680 shares of the basic materials company’s stock valued at $182,000 after purchasing an additional 1,070 shares in the last quarter. Finally, Shelton Capital Management acquired a new stake in shares of Domtar in the 3rd quarter valued at about $206,000. Institutional investors and hedge funds own 90.59% of the company’s stock.

The business also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Monday, April 2nd will be paid a $0.435 dividend. This represents a $1.74 dividend on an annualized basis and a dividend yield of 4.10%. The ex-dividend date is Thursday, March 29th. This is a positive change from Domtar’s previous quarterly dividend of $0.42. Domtar’s dividend payout ratio is -49.11%.

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About Domtar

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.

Earnings History and Estimates for Domtar (NYSE:UFS)

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