Wall Street analysts expect that Domtar Corp (NYSE:UFS) (TSE:UFS) will announce sales of $1.30 billion for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Domtar’s earnings, with the lowest sales estimate coming in at $1.27 billion and the highest estimate coming in at $1.33 billion. Domtar reported sales of $1.22 billion in the same quarter last year, which would suggest a positive year over year growth rate of 6.6%. The company is expected to announce its next quarterly earnings results on Friday, July 27th.
According to Zacks, analysts expect that Domtar will report full-year sales of $5.41 billion for the current financial year, with estimates ranging from $5.21 billion to $5.53 billion. For the next year, analysts anticipate that the business will report sales of $5.47 billion per share, with estimates ranging from $5.22 billion to $5.70 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover Domtar.
Domtar (NYSE:UFS) (TSE:UFS) last released its earnings results on Tuesday, May 1st. The basic materials company reported $0.87 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.76 by $0.11. Domtar had a positive return on equity of 7.45% and a negative net margin of 3.42%. The business had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same period in the previous year, the company posted $0.32 earnings per share. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year.
A number of brokerages have recently issued reports on UFS. TheStreet raised Domtar from a “c” rating to a “b-” rating in a report on Tuesday, May 1st. Scotiabank reaffirmed a “sector perform” rating and set a $43.00 price target on shares of Domtar in a report on Wednesday, May 2nd. National Bank Financial upped their price target on Domtar from $42.00 to $45.00 and gave the company a “sector perform” rating in a report on Wednesday, May 2nd. Royal Bank of Canada upped their price target on Domtar from $50.00 to $52.00 and gave the company an “outperform” rating in a report on Wednesday, May 2nd. Finally, TD Securities upped their price target on Domtar from $47.00 to $48.00 and gave the company a “hold” rating in a report on Wednesday, May 2nd. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $44.25.
Domtar traded down $0.55, hitting $47.66, during mid-day trading on Monday, Marketbeat reports. The company had a trading volume of 708,700 shares, compared to its average volume of 716,289. The company has a current ratio of 2.34, a quick ratio of 1.26 and a debt-to-equity ratio of 0.44. Domtar has a 12 month low of $36.29 and a 12 month high of $52.58. The company has a market capitalization of $3.09 billion, a price-to-earnings ratio of 18.35, a price-to-earnings-growth ratio of 2.92 and a beta of 1.66.
The company also recently announced a quarterly dividend, which will be paid on Monday, July 16th. Shareholders of record on Tuesday, July 3rd will be issued a $0.435 dividend. This represents a $1.74 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date is Monday, July 2nd. Domtar’s dividend payout ratio is 66.92%.
In other Domtar news, CEO John David Williams sold 40,789 shares of the stock in a transaction dated Thursday, May 17th. The stock was sold at an average price of $46.92, for a total value of $1,913,819.88. Following the transaction, the chief executive officer now owns 40,789 shares of the company’s stock, valued at $1,913,819.88. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Daniel Buron sold 16,853 shares of the stock in a transaction dated Friday, March 16th. The shares were sold at an average price of $45.99, for a total value of $775,069.47. Following the completion of the transaction, the vice president now directly owns 19,101 shares in the company, valued at approximately $878,454.99. The disclosure for this sale can be found here. In the last three months, insiders sold 95,360 shares of company stock worth $4,400,650. 0.95% of the stock is owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of UFS. BlackRock Inc. increased its position in Domtar by 1.4% in the fourth quarter. BlackRock Inc. now owns 9,586,518 shares of the basic materials company’s stock worth $474,726,000 after buying an additional 129,636 shares in the last quarter. LSV Asset Management increased its position in Domtar by 0.6% in the first quarter. LSV Asset Management now owns 2,984,794 shares of the basic materials company’s stock worth $126,973,000 after buying an additional 19,200 shares in the last quarter. Northern Trust Corp increased its position in Domtar by 3.0% in the first quarter. Northern Trust Corp now owns 1,427,019 shares of the basic materials company’s stock worth $60,705,000 after buying an additional 41,731 shares in the last quarter. Allianz Asset Management GmbH increased its position in Domtar by 36.3% in the first quarter. Allianz Asset Management GmbH now owns 764,260 shares of the basic materials company’s stock worth $32,490,000 after buying an additional 203,434 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in Domtar by 24.2% in the fourth quarter. Geode Capital Management LLC now owns 694,636 shares of the basic materials company’s stock worth $34,398,000 after buying an additional 135,354 shares in the last quarter. 93.37% of the stock is currently owned by institutional investors.
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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