Domtar Corporation (NYSE:UFS) (TSE:UFS) – Investment analysts at DA Davidson decreased their Q3 2017 earnings per share 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 earn $0.70 per share 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.
Domtar Corporation (NYSE:UFS) (TSE:UFS) last posted its earnings results on Friday, July 28th. The basic materials company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.53 by $0.08. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.31 billion. Domtar Corporation had a return on equity of 6.47% and a net margin of 3.23%. The firm’s revenue for the quarter was down 3.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.61 earnings per share. TRADEMARK VIOLATION NOTICE: “Brokers Offer Predictions for Domtar Corporation’s Q3 2017 Earnings (UFS)” was originally published by BNB Daily and is the sole property of of BNB Daily. If you are reading this piece on another site, it was illegally stolen and reposted in violation of international copyright and trademark law. The legal version of this piece can be viewed at https://www.baseball-news-blog.com/2017/08/19/brokers-offer-predictions-for-domtar-corporations-q3-2017-earnings-ufs-updated-updated.html.
A number of other research analysts have also weighed in on UFS. BidaskClub lowered shares of Domtar Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. ValuEngine lowered shares of Domtar Corporation from a “buy” rating to a “hold” rating in a research note on Friday. Vertical Research reiterated a “buy” rating on shares of Domtar Corporation in a research note on Friday. Scotiabank reduced their price objective on shares of Domtar Corporation from $40.50 to $40.00 and set a “sector perform” rating for the company in a research note on Monday. Finally, KeyCorp began coverage on shares of Domtar Corporation in a research note on Thursday, July 6th. They issued an “underweight” rating and a $33.00 price objective for the company. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $41.20.
Shares of Domtar Corporation (UFS) opened at 39.06 on Tuesday. The company’s 50-day moving average price is $38.10 and its 200-day moving average price is $38.46. The firm has a market cap of $2.45 billion, a P/E ratio of 14.90 and a beta of 1.49. Domtar Corporation has a 12 month low of $33.99 and a 12 month high of $44.58.
The business also recently disclosed a quarterly dividend, which was paid on Monday, July 17th. Stockholders of record on Monday, July 3rd were issued a dividend of $0.415 per share. This represents a $1.66 dividend on an annualized basis and a dividend yield of 4.25%. The ex-dividend date was Thursday, June 29th. Domtar Corporation’s dividend payout ratio is currently 63.36%.
Hedge funds have recently bought and sold shares of the company. LS Investment Advisors LLC increased 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 in the last quarter. Mckinley Capital Management LLC Delaware increased 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 in the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in Domtar Corporation during the second quarter worth about $218,000. Parkwood LLC bought a new stake in Domtar Corporation during the first quarter worth about $220,000. Finally, Nine Chapters Capital Management LLC bought a new stake in Domtar Corporation during the first quarter worth about $267,000. 83.08% of the stock is owned by institutional investors.
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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