Raymond James Financial Weighs in on TSE:DBM FY2025 Earnings

Key Points

• Raymond James Financial has raised its FY2025 earnings per share estimate for Doman Building Materials Group from $0.79 to $1.01, maintaining a "Strong-Buy" rating with a target price of $11.00.
• Other analysts have mixed views, with Canaccord Genuity and Royal Bank Of Canada lowering their price targets to $10.00, while TD Securities and Stifel Nicolaus raised theirs to $11.00 and $9.00 respectively.
• Doman Building Materials Group's stock currently trades at C$9.40, experiencing a 2.0% increase, and has shown significant growth potential with a current ratio of 2.94 and a debt-to-equity ratio of 112.91.

Doman Building Materials Group Ltd. (TSE:DBM - Free Report) - Research analysts at Raymond James Financial lifted their FY2025 earnings per share estimates for Doman Building Materials Group in a research note issued on Wednesday, August 6th. Raymond James Financial analyst D. Swetlishoff now anticipates that the company will post earnings per share of $1.01 for the year, up from their previous estimate of $0.79. Raymond James Financial has a "Strong-Buy" rating and a $11.00 price objective on the stock. The consensus estimate for Doman Building Materials Group's current full-year earnings is $0.81 per share. Raymond James Financial also issued estimates for Doman Building Materials Group's FY2026 earnings at $1.22 EPS.

Several other equities analysts also recently weighed in on the company. Cibc World Mkts downgraded Doman Building Materials Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 22nd. Canaccord Genuity Group decreased their target price on Doman Building Materials Group from C$11.00 to C$10.00 in a research report on Monday, May 12th. Stifel Nicolaus raised their target price on Doman Building Materials Group from C$8.00 to C$9.00 in a research report on Monday, May 12th. CIBC downgraded Doman Building Materials Group from an "outperform" rating to a "neutral" rating and set a C$7.50 price objective on the stock. in a research report on Tuesday, April 22nd. Finally, TD Securities lifted their price objective on Doman Building Materials Group from C$10.00 to C$11.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Doman Building Materials Group presently has an average rating of "Moderate Buy" and an average price target of C$10.19.

Doman Building Materials Group Price Performance

Shares of TSE DBM traded up C$0.16 during midday trading on Monday, hitting C$9.70. The stock had a trading volume of 175,649 shares, compared to its average volume of 188,944. The company has a market capitalization of C$847.77 million, a PE ratio of 14.99 and a beta of 1.53. The stock has a 50 day simple moving average of C$8.72 and a 200-day simple moving average of C$7.84. Doman Building Materials Group has a 1 year low of C$6.30 and a 1 year high of C$9.96. The company has a quick ratio of 1.11, a current ratio of 2.94 and a debt-to-equity ratio of 112.91.

Doman Building Materials Group Company Profile

Doman Building Materials Group Ltd is a wholesale distributor of building materials and home renovation products. The company services the new home construction, home renovation and industrial markets by supplying the retail and wholesale lumber and building materials industry, hardware stores, industrial and furniture manufacturers and similar concerns.