Domtar Corp (NYSE:UFS) (TSE:UFS) – Stock analysts at Raymond James issued their Q1 2020 EPS estimates for Domtar in a research note issued to investors on Monday, February 10th. Raymond James analyst D. Swetlishoff anticipates that the basic materials company will post earnings of $0.05 per share for the quarter. Raymond James has a “Market Perform” rating and a $36.00 price target on the stock. Raymond James also issued estimates for Domtar’s Q2 2020 earnings at $0.31 EPS and Q4 2020 earnings at $0.89 EPS.
Domtar (NYSE:UFS) (TSE:UFS) last issued its earnings results on Friday, February 7th. The basic materials company reported $0.03 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.20) by $0.23. Domtar had a net margin of 1.61% and a return on equity of 7.33%. The company had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.24 billion. During the same quarter in the previous year, the company earned $1.63 EPS. The firm’s revenue for the quarter was down 10.5% compared to the same quarter last year.
Several other research analysts also recently issued reports on UFS. KeyCorp reiterated a “hold” rating on shares of Domtar in a research report on Friday, January 24th. DA Davidson reduced their price target on shares of Domtar from $51.00 to $46.00 and set a “buy” rating on the stock in a research report on Monday, February 10th. BMO Capital Markets downgraded shares of Domtar from a “market perform” rating to an “underperform” rating in a research report on Monday, February 10th. Zacks Investment Research downgraded shares of Domtar from a “hold” rating to a “strong sell” rating and set a $32.00 price target on the stock. in a research report on Friday, January 3rd. Finally, ValuEngine upgraded shares of Domtar from a “sell” rating to a “hold” rating in a research report on Friday, January 10th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $41.67.
Shares of NYSE UFS opened at $34.20 on Thursday. The firm’s 50-day simple moving average is $37.21 and its 200 day simple moving average is $36.42. The company has a market cap of $2.06 billion, a price-to-earnings ratio of 26.72 and a beta of 1.97. The company has a quick ratio of 0.96, a current ratio of 1.98 and a debt-to-equity ratio of 0.42. Domtar has a 12-month low of $31.72 and a 12-month high of $53.89.
Institutional investors have recently added to or reduced their stakes in the business. Point72 Hong Kong Ltd bought a new stake in shares of Domtar in the 4th quarter valued at about $184,000. Point72 Asset Management L.P. bought a new stake in shares of Domtar in the 4th quarter valued at about $853,000. Advisors Asset Management Inc. increased its stake in shares of Domtar by 65.6% in the 4th quarter. Advisors Asset Management Inc. now owns 75,127 shares of the basic materials company’s stock valued at $2,873,000 after acquiring an additional 29,754 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of Domtar by 19.6% in the 4th quarter. AQR Capital Management LLC now owns 734,884 shares of the basic materials company’s stock valued at $28,102,000 after acquiring an additional 120,666 shares during the last quarter. Finally, Jane Street Group LLC bought a new stake in shares of Domtar in the 4th quarter valued at about $1,751,000. Institutional investors own 94.33% of the company’s stock.
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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