Domtar Corporation (NYSE:UFS) (TSE:UFS) - Equities researchers at KeyCorp cut their Q4 2017 earnings per share (EPS) estimates for shares of Domtar Corporation in a report issued on Sunday. KeyCorp analyst A. Josephson now expects that the basic materials company will earn $0.64 per share for the quarter, down from their prior forecast of $0.93. KeyCorp currently has a “Underweight” rating and a $33.00 price objective on the stock.
Domtar Corporation (NYSE:UFS) (TSE:UFS) last posted its quarterly earnings data on Friday, July 28th. The basic materials company reported $0.61 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.08. Domtar Corporation had a net margin of 3.23% and a return on equity of 6.47%. The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same quarter last year, the firm posted $0.61 earnings per share. The business’s revenue for the quarter was down 3.4% compared to the same quarter last year.
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A number of other equities analysts have also recently weighed in on the company. Zacks Investment Research cut Domtar Corporation from a “buy” rating to a “hold” rating in a report on Tuesday. Scotiabank decreased their price target on Domtar Corporation from $40.50 to $40.00 and set a “sector perform” rating for the company in a report on Monday. Vertical Research restated a “buy” rating on shares of Domtar Corporation in a report on Friday, July 28th. ValuEngine cut Domtar Corporation from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Finally, BidaskClub cut Domtar Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Three 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. Domtar Corporation has a consensus rating of “Hold” and a consensus price target of $41.20.
Domtar Corporation (NYSE UFS) traded up 1.627% on Wednesday, hitting $38.405. 267,690 shares of the stock traded hands. Domtar Corporation has a 12-month low of $33.99 and a 12-month high of $44.58. The stock has a market cap of $2.40 billion, a price-to-earnings ratio of 14.647 and a beta of 1.49. The firm’s 50-day moving average price is $38.13 and its 200-day moving average price is $38.45.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Monday, October 2nd will be paid a dividend of $0.415 per share. This represents a $1.66 annualized dividend and a dividend yield of 4.39%. The ex-dividend date of this dividend is Friday, September 29th. Domtar Corporation’s dividend payout ratio (DPR) is currently 63.36%.
Several institutional investors have recently added to or reduced their stakes in UFS. First Citizens Bank & Trust Co. boosted its position in Domtar Corporation by 21.2% in the first quarter. First Citizens Bank & Trust Co. now owns 7,957 shares of the basic materials company’s stock valued at $291,000 after buying an additional 1,393 shares during the period. Sit Investment Associates Inc. acquired a new position in Domtar Corporation during the first quarter valued at approximately $2,446,000. CAPROCK Group Inc. boosted its position in Domtar Corporation by 8.5% in the first quarter. CAPROCK Group Inc. now owns 15,231 shares of the basic materials company’s stock valued at $556,000 after buying an additional 1,195 shares during the period. James Investment Research Inc. acquired a new position in Domtar Corporation during the first quarter valued at approximately $1,738,000. Finally, Rothschild Investment Corp IL boosted its position in Domtar Corporation by 27.4% in the first quarter. Rothschild Investment Corp IL now owns 40,625 shares of the basic materials company’s stock valued at $1,484,000 after buying an additional 8,725 shares during the period. Institutional investors own 83.08% of the company’s stock.
Domtar Corporation 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.
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