Domtar Corporation (NYSE:UFS) (TSE:UFS) – Investment analysts at DA Davidson dropped their Q3 2017 earnings per share (EPS) estimates for shares of Domtar Corporation in a research note issued to investors on Monday. DA Davidson analyst S. Chercover now expects that the basic materials company will post earnings per share of $0.70 for the quarter, down from their prior estimate of $0.74. DA Davidson also issued estimates for Domtar Corporation’s FY2017 earnings at $2.19 EPS.
UFS has been the topic of several other reports. BidaskClub lowered Domtar Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Raymond James Financial, Inc. reiterated an “outperform” rating and issued a $52.00 price objective on shares of Domtar Corporation in a research note on Friday, April 28th. ValuEngine lowered Domtar Corporation from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Zacks Investment Research lowered Domtar Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, June 6th. Finally, TD Securities reiterated a “hold” rating and issued a $42.00 price objective on shares of Domtar Corporation in a research note on Friday, April 28th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $41.20.
Domtar Corporation (NYSE UFS) opened at 38.27 on Tuesday. Domtar Corporation has a 12 month low of $33.99 and a 12 month high of $44.58. The firm has a market cap of $2.40 billion, a price-to-earnings ratio of 14.61 and a beta of 1.49. The stock has a 50 day moving average price of $38.10 and a 200 day moving average price of $38.46.
Domtar Corporation (NYSE:UFS) (TSE:UFS) last issued its earnings results on Friday, July 28th. The basic materials company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.53 by $0.08. The company had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.31 billion. Domtar Corporation had a return on equity of 6.47% and a net margin of 3.23%. The business’s revenue was down 3.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.61 EPS.
The firm also recently declared a quarterly dividend, which was paid on Monday, July 17th. Investors of record on Monday, July 3rd were given a dividend of $0.415 per share. The ex-dividend date was Thursday, June 29th. This represents a $1.66 dividend on an annualized basis and a yield of 4.34%. Domtar Corporation’s dividend payout ratio (DPR) is presently 63.36%.
A number of large investors have recently added to or reduced their stakes in the company. LS Investment Advisors LLC raised its stake in Domtar Corporation by 20.2% in the second quarter. LS Investment Advisors LLC now owns 5,143 shares of the basic materials company’s stock worth $198,000 after buying an additional 866 shares during the period. Mckinley Capital Management LLC Delaware raised its stake in Domtar Corporation by 1.9% in the first quarter. Mckinley Capital Management LLC Delaware now owns 5,467 shares of the basic materials company’s stock worth $200,000 after buying an additional 100 shares during the period. Campbell & CO Investment Adviser LLC acquired a new stake in Domtar Corporation during the second quarter worth approximately $218,000. Parkwood LLC acquired a new stake in Domtar Corporation during the first quarter worth approximately $220,000. Finally, Nine Chapters Capital Management LLC acquired a new stake in Domtar Corporation during the first quarter worth approximately $267,000. Institutional investors and hedge funds own 83.08% of the company’s stock.
About Domtar Corporation
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.
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