Domtar (UFS) Set to Announce Earnings on Friday

Domtar (NYSE:UFS) (TSE:UFS) will issue its quarterly earnings data before the market opens on Friday, October 25th. Analysts expect the company to announce earnings of $0.62 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Domtar (NYSE:UFS) (TSE:UFS) last posted its earnings results on Thursday, August 1st. The basic materials company reported $0.57 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.87 by ($0.30). Domtar had a return on equity of 12.48% and a net margin of 5.21%. The firm had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same period in the prior year, the business posted $0.65 EPS. The firm’s quarterly revenue was down 2.7% compared to the same quarter last year. On average, analysts expect Domtar to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

UFS opened at $34.94 on Wednesday. Domtar has a fifty-two week low of $31.72 and a fifty-two week high of $53.89. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.09 and a current ratio of 2.20. The company has a market capitalization of $2.17 billion, a P/E ratio of 7.58 and a beta of 1.97. The stock has a fifty day moving average of $34.51 and a 200-day moving average of $40.45.

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Wednesday, October 2nd were issued a dividend of $0.455 per share. This represents a $1.82 dividend on an annualized basis and a dividend yield of 5.21%. The ex-dividend date was Tuesday, October 1st. Domtar’s dividend payout ratio is currently 39.48%.

UFS has been the subject of a number of research reports. Raymond James dropped their target price on Domtar from $48.00 to $45.00 and set a “market perform” rating for the company in a report on Friday, August 2nd. Scotiabank set a $45.00 target price on Domtar and gave the stock a “hold” rating in a report on Friday, August 30th. BMO Capital Markets downgraded Domtar from a “market perform” rating to an “underperform” rating and dropped their target price for the stock from $52.00 to $39.00 in a report on Wednesday, July 3rd. Citigroup dropped their target price on Domtar from $36.00 to $33.00 and set a “neutral” rating for the company in a report on Thursday, October 17th. Finally, TD Securities dropped their target price on Domtar from $48.00 to $43.00 and set a “hold” rating for the company in a report on Friday, August 2nd. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $49.23.

About Domtar

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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Earnings History for Domtar (NYSE:UFS)

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