$1.14 EPS Expected for Domtar Corp (UFS) This Quarter

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Analysts predict that Domtar Corp (NYSE:UFS) (TSE:UFS) will announce earnings per share (EPS) of $1.14 for the current quarter, Zacks reports. Three analysts have made estimates for Domtar’s earnings. The lowest EPS estimate is $1.04 and the highest is $1.23. Domtar reported earnings of $1.03 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 10.7%. The firm is scheduled to announce its next quarterly earnings results before the market opens on Thursday, November 1st.

According to Zacks, analysts expect that Domtar will report full-year earnings of $3.82 per share for the current fiscal year, with EPS estimates ranging from $3.52 to $4.10. For the next year, analysts forecast that the company will post earnings of $4.48 per share, with EPS estimates ranging from $3.05 to $6.00. Zacks’ earnings per share averages are a mean average based on a survey of research firms that follow Domtar.

Domtar (NYSE:UFS) (TSE:UFS) last released its earnings results on Wednesday, August 1st. The basic materials company reported $0.65 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.77 by ($0.12). The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.32 billion. Domtar had a negative net margin of 3.25% and a positive return on equity of 7.79%. The business’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.61 EPS.

Several research firms have recently weighed in on UFS. BMO Capital Markets boosted their target price on Domtar from $47.00 to $52.00 and gave the company a “market perform” rating in a research report on Monday, August 13th. TheStreet downgraded Domtar from a “b” rating to a “c+” rating in a research report on Wednesday, October 24th. Vertical Group cut Domtar from a “buy” rating to a “hold” rating and set a $54.00 price objective for the company. in a report on Thursday, September 13th. They noted that the move was a valuation call. Citigroup boosted their price objective on Domtar from $41.00 to $44.00 and gave the company a “sell” rating in a report on Tuesday, July 10th. Finally, KeyCorp upgraded Domtar from an “underweight” rating to a “sector weight” rating in a report on Wednesday, August 1st. Thirteen research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $48.62.

Institutional investors and hedge funds have recently bought and sold shares of the stock. First Hawaiian Bank purchased a new stake in shares of Domtar in the 3rd quarter worth $130,000. Bank of Hawaii purchased a new stake in shares of Domtar in the 2nd quarter worth $201,000. World Asset Management Inc purchased a new stake in shares of Domtar in the 2nd quarter worth $211,000. LPL Financial LLC purchased a new stake in shares of Domtar in the 1st quarter worth $213,000. Finally, Capital Fund Management S.A. purchased a new stake in shares of Domtar in the 2nd quarter worth $235,000. Institutional investors own 90.46% of the company’s stock.

NYSE UFS opened at $46.31 on Thursday. The company has a market cap of $2.84 billion, a PE ratio of 17.81, a P/E/G ratio of 2.31 and a beta of 1.57. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.31 and a current ratio of 2.31. Domtar has a fifty-two week low of $40.72 and a fifty-two week high of $54.50.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 15th. Investors of record on Tuesday, October 2nd were issued a dividend of $0.435 per share. This represents a $1.74 dividend on an annualized basis and a yield of 3.76%. The ex-dividend date was Monday, October 1st. Domtar’s payout ratio is currently 66.92%.

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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