Doman Building Materials Group (TSE:DBM) Issues Quarterly Earnings Results

Doman Building Materials Group (TSE:DBM) posted its quarterly earnings results 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 company had revenue of C$841.66 million for the quarter.

Doman Building Materials Group Trading Down 0.3%

Shares of TSE DBM opened at C$10.10 on Friday. The company has a quick ratio of 1.11, a current ratio of 3.27 and a debt-to-equity ratio of 153.48. The business has a fifty day simple moving average of C$10.60 and a two-hundred day simple moving average of C$10.55. The firm has a market cap of C$887.73 million, a PE ratio of 10.52 and a beta of 1.47. Doman Building Materials Group has a twelve month low of C$8.63 and a twelve month high of C$11.99.

Analyst Upgrades and Downgrades

DBM has been the subject of several research reports. National Bank Financial boosted their price objective 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 report on Wednesday, July 22nd. Raymond James Financial raised their target price 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 report on Thursday, August 6th. Five research analysts have rated the stock with a Buy rating. According to data from MarketBeat, Doman Building Materials Group currently has an average rating of “Buy” and a consensus target price 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.