Domtar (NYSE:UFS) (TSE:UFS) issued its quarterly earnings results on Thursday. The basic materials company reported $0.57 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.87 by ($0.30), Morningstar.com reports. Domtar had a return on equity of 12.48% and a net margin of 5.21%. The firm had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same period last year, the firm earned $0.65 EPS. The company’s revenue for the quarter was down 2.7% on a year-over-year basis.

UFS opened at $35.99 on Friday. The stock has a market capitalization of $2.38 billion, a P/E ratio of 7.81 and a beta of 1.89. The business has a 50-day moving average of $42.52. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.11 and a current ratio of 2.20. Domtar has a 12 month low of $33.81 and a 12 month high of $54.50.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 16th. Stockholders of record on Tuesday, July 2nd were issued a $0.455 dividend. The ex-dividend date of this dividend was Monday, July 1st. This represents a $1.82 annualized dividend and a dividend yield of 5.06%. This is an increase from Domtar’s previous quarterly dividend of $0.44. Domtar’s payout ratio is currently 39.48%.

UFS has been the subject of several research analyst reports. Bank of America raised Domtar from a “neutral” rating to a “buy” rating in a research note on Tuesday, April 30th. Goldman Sachs Group raised Domtar from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $51.00 to $56.00 in a research note on Friday, May 3rd. Vertical Research downgraded Domtar from a “buy” rating to a “hold” rating in a report on Tuesday, July 2nd. BMO Capital Markets downgraded Domtar from a “market perform” rating to an “underperform” rating and decreased their price objective for the stock from $52.00 to $39.00 in a report on Wednesday, July 3rd. Finally, TheStreet downgraded Domtar from a “b” rating to a “c+” rating in a report on Thursday. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $50.31.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Norges Bank purchased a new position in Domtar during the 4th quarter valued at about $30,536,000. American Century Companies Inc. increased its holdings in Domtar by 5,973.2% during the 4th quarter. American Century Companies Inc. now owns 795,532 shares of the basic materials company’s stock valued at $27,947,000 after purchasing an additional 782,433 shares during the period. Dimensional Fund Advisors LP increased its holdings in Domtar by 2.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,163,540 shares of the basic materials company’s stock valued at $181,395,000 after purchasing an additional 145,552 shares during the period. First Trust Advisors LP increased its holdings in Domtar by 139.7% during the 2nd quarter. First Trust Advisors LP now owns 204,192 shares of the basic materials company’s stock valued at $9,093,000 after purchasing an additional 118,995 shares during the period. Finally, APG Asset Management N.V. increased its holdings in Domtar by 270.0% during the 4th quarter. APG Asset Management N.V. now owns 157,600 shares of the basic materials company’s stock valued at $4,843,000 after purchasing an additional 115,000 shares during the period. Hedge funds and other institutional investors own 94.19% of the company’s stock.

About Domtar

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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Earnings History for Domtar (NYSE:UFS)

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