Domtar Corp (NYSE:UFS) (TSE:UFS) – Equities researchers at Raymond James lowered their FY2020 earnings per share estimates for Domtar in a research report issued on Tuesday, July 16th. Raymond James analyst D. Swetlishoff now forecasts that the basic materials company will earn $4.61 per share for the year, down from their prior estimate of $4.96. Raymond James has a “Market Perform” rating and a $51.00 price target on the stock.
A number of other equities analysts have also weighed in on the stock. BMO Capital Markets set a $208.00 price target on shares of Jazz Pharmaceuticals and gave the company a “buy” rating in a report on Wednesday, July 3rd. TD Securities decreased their price target on shares of WPX Energy from $19.00 to $18.50 and set a “buy” rating on the stock in a report on Thursday, May 2nd. Zacks Investment Research upgraded shares of Zymeworks from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a report on Saturday, April 13th. Stephens set a $53.00 price target on shares of Domtar and gave the company a “buy” rating in a report on Friday, June 28th. Finally, Goldman Sachs Group upgraded shares of Puxin from a “neutral” rating to a “buy” rating and lifted their price target for the company from $51.00 to $56.00 in a report on Friday, May 3rd. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $51.31.
Domtar (NYSE:UFS) (TSE:UFS) last announced its earnings results on Wednesday, May 1st. The basic materials company reported $1.44 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.36 by $0.08. Domtar had a net margin of 5.63% and a return on equity of 12.88%. The firm had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same quarter last year, the business earned $0.87 earnings per share. Domtar’s revenue was up 2.3% compared to the same quarter last year.
Institutional investors and hedge funds have recently made changes to their positions in the business. Meeder Asset Management Inc. lifted its holdings in shares of Domtar by 872.3% during the 1st quarter. Meeder Asset Management Inc. now owns 3,267 shares of the basic materials company’s stock valued at $161,000 after acquiring an additional 2,931 shares in the last quarter. Juncture Wealth Strategies LLC acquired a new position in shares of Domtar during the 1st quarter valued at $203,000. Regentatlantic Capital LLC acquired a new position in shares of Domtar during the 1st quarter valued at $217,000. Mercer Global Advisors Inc. ADV acquired a new position in shares of Domtar during the 1st quarter valued at $262,000. Finally, World Asset Management Inc acquired a new position in shares of Domtar during the 1st quarter valued at $263,000. Institutional investors own 94.35% of the company’s stock.
The business also recently declared a quarterly dividend, which was paid on Tuesday, July 16th. Shareholders of record on Tuesday, July 2nd were issued a $0.455 dividend. This represents a $1.82 dividend on an annualized basis and a dividend yield of 4.41%. The ex-dividend date of this dividend was Monday, July 1st. This is a positive change from Domtar’s previous quarterly dividend of $0.44. Domtar’s dividend payout ratio (DPR) is 39.48%.
Domtar Corporation designs, manufactures, markets, and distributes various communication papers, specialty and packaging papers, and absorbent hygiene products in the United States, Canada, Europe, Asia, and internationally. It operates in two segments, Pulp and Paper, and Personal Care. The company offers business papers, including copy and electronic imaging papers for use with inkjet and laser printers, photocopiers, and plain-paper fax machines, as well as computer papers, preprinted forms, and digital papers for office and home use.
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