Doman Building Materials Group (TSE:DBM) Posts Earnings Results

Doman Building Materials Group (TSE:DBM) announced its quarterly earnings data on Friday. The company reported C$0.23 EPS for the quarter, FiscalAI reports. Doman Building Materials Group had a net margin of 2.71% and a return on equity of 12.64%. The business had revenue of C$841.66 million for the quarter.

Doman Building Materials Group Stock Performance

Shares of DBM traded down C$0.03 during midday trading on Friday, reaching C$10.10. The stock had a trading volume of 137,634 shares, compared to its average volume of 124,778. The firm has a market cap of C$887.73 million, a PE ratio of 10.52 and a beta of 1.47. The firm has a 50 day simple moving average of C$10.61 and a 200-day simple moving average of C$10.55. Doman Building Materials Group has a one year low of C$8.63 and a one year high of C$11.99. The company has a current ratio of 3.27, a quick ratio of 1.11 and a debt-to-equity ratio of 153.48.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. National Bank Financial lifted their price target on shares of Doman Building Materials Group from C$13.50 to C$14.00 and gave the company an “outperform” rating in a research note on Wednesday, July 22nd. Raymond James Financial increased their price objective on shares of Doman Building Materials Group from C$12.00 to C$12.50 and gave the stock an “outperform” rating in a research note on Thursday, August 6th. Five investment analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of C$12.65.

Doman Building Materials Group Company Profile

Founded in 1989, Doman is headquartered in Vancouver, British Columbia, and trades on the Toronto Stock Exchange under the symbol DBM. As Canadas premier national distributor in the building materials and related products sector, Doman operates several distinct divisions with multiple treating plants, planing and specialty facilities and distribution centres coast-to-coast in all major cities across Canada and coast-to-coast across the United States. Strategically located across Canada, Doman Building Materials Canada operates distribution centres coast-to-coast, and Doman Treated Wood Canada operates multiple treating plants near major cities.