FY2017 EPS Estimates for Domtar Corp (TSE:UFS) Cut by DA Davidson

Domtar Corp (TSE:UFS) (NYSE:UFS) – Stock analysts at DA Davidson lowered their FY2017 EPS estimates for shares of Domtar Corp in a report issued on Monday. DA Davidson analyst S. Chercover now forecasts that the company will post earnings per share of $2.73 for the year, down from their prior estimate of $3.18. DA Davidson also issued estimates for Domtar Corp’s Q4 2017 earnings at $0.70 EPS.

UFS has been the subject of a number of other research reports. Raymond James Financial, Inc. reiterated an “outperform” rating and set a C$71.00 target price on shares of Domtar Corp in a research report on Friday, April 28th. Scotiabank increased their price target on shares of Domtar Corp to C$50.00 and gave the stock a “sector perform” rating in a report on Thursday. Finally, TD Securities reissued a “hold” rating and issued a C$57.00 price target on shares of Domtar Corp in a report on Friday, April 28th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Domtar Corp presently has a consensus rating of “Hold” and an average price target of C$59.25.

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Shares of Domtar Corp (TSE:UFS) traded up 2.02% during mid-day trading on Wednesday, hitting $48.49. 33,677 shares of the company traded hands. The firm has a 50-day moving average of $49.09 and a 200-day moving average of $50.94. Domtar Corp has a one year low of $45.48 and a one year high of $58.31. The stock has a market capitalization of $3.04 billion and a price-to-earnings ratio of 18.49.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Monday, October 2nd will be issued a $0.415 dividend. This represents a $1.66 annualized dividend and a yield of 3.49%. The ex-dividend date of this dividend is Friday, September 29th.

Domtar Corp Company Profile

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.

Earnings History and Estimates for Domtar Corp (TSE:UFS)

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