Domtar Corp (TSE:UFS) (NYSE:UFS) – Equities researchers at DA Davidson reduced their Q3 2017 earnings estimates for Domtar Corp in a research report issued on Monday. DA Davidson analyst S. Chercover now expects that the company will post earnings per share of $0.87 for the quarter, down from their prior estimate of $1.01. DA Davidson also issued estimates for Domtar Corp’s FY2018 earnings at $2.43 EPS.
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UFS has been the subject of a number of other research reports. Scotiabank lifted their price objective on shares of Domtar Corp to C$55.00 and gave the company a “sector perform” rating in a report on Friday, April 28th. TD Securities reiterated a “hold” rating and issued a C$57.00 price target on shares of Domtar Corp in a research note on Friday, April 28th. Finally, Raymond James Financial, Inc. reiterated an “outperform” rating and issued a C$71.00 price target on shares of Domtar Corp in a research note on Friday, April 28th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of C$60.50.
The business also recently declared a quarterly dividend, which was paid on Monday, July 17th. Stockholders of record on Monday, July 17th were paid 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 dividend yield of 3.41%.
About Domtar Corp
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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