Equities analysts forecast that Domtar Corp (NYSE:UFS) (TSE:UFS) will report earnings per share (EPS) of $0.70 for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Domtar’s earnings. The highest EPS estimate is $0.88 and the lowest is $0.54. Domtar posted earnings of $0.32 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 118.8%. The firm is scheduled to announce its next earnings report on Thursday, April 26th.

According to Zacks, analysts expect that Domtar will report full-year earnings of $3.00 per share for the current fiscal year, with EPS estimates ranging from $2.49 to $3.68. For the next year, analysts anticipate that the firm will post earnings of $2.93 per share, with EPS estimates ranging from $2.11 to $3.90. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that that provide coverage for Domtar.

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Domtar (NYSE:UFS) (TSE:UFS) last released its earnings results on Thursday, February 8th. The basic materials company reported $0.64 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.69 by ($0.05). Domtar had a positive return on equity of 6.02% and a negative net margin of 4.11%. The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same period in the previous year, the firm earned $0.75 earnings per share. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year.

Several research analysts recently commented on the company. BMO Capital Markets reissued a “hold” rating and set a $47.00 target price on shares of Domtar in a research note on Thursday, January 25th. ValuEngine raised Domtar from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. TheStreet cut Domtar from an “a-” rating to a “c+” rating in a research report on Friday, February 9th. Raymond James Financial lowered their price objective on Domtar from $52.00 to $48.00 and set a “market perform” rating for the company in a research report on Friday, February 9th. Finally, Stephens raised Domtar from an “equal” rating to a “buy” rating and set a $43.00 price objective for the company in a research report on Friday, February 9th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $44.33.

In other news, insider Michael Fagan sold 23,674 shares of the business’s stock in a transaction dated Thursday, March 1st. The stock was sold at an average price of $44.87, for a total value of $1,062,252.38. Following the completion of the sale, the insider now directly owns 19,477 shares of the company’s stock, valued at approximately $873,932.99. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO John David Williams sold 68,556 shares of the business’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $45.28, for a total value of $3,104,215.68. Following the completion of the sale, the chief executive officer now directly owns 55,242 shares of the company’s stock, valued at $2,501,357.76. The disclosure for this sale can be found here. 1.04% of the stock is currently owned by insiders.

Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. lifted its holdings in shares of Domtar by 1.4% in the 4th quarter. BlackRock Inc. now owns 9,586,518 shares of the basic materials company’s stock valued at $474,726,000 after purchasing an additional 129,636 shares during the last quarter. State Street Corp lifted its holdings in shares of Domtar by 0.5% in the 2nd quarter. State Street Corp now owns 1,772,703 shares of the basic materials company’s stock valued at $68,104,000 after purchasing an additional 8,827 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Domtar by 0.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,097,537 shares of the basic materials company’s stock valued at $47,622,000 after purchasing an additional 5,336 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Domtar by 24.2% in the 4th quarter. Geode Capital Management LLC now owns 694,636 shares of the basic materials company’s stock valued at $34,398,000 after purchasing an additional 135,354 shares during the last quarter. Finally, Allianz Asset Management GmbH lifted its holdings in shares of Domtar by 15.3% in the 4th quarter. Allianz Asset Management GmbH now owns 560,826 shares of the basic materials company’s stock valued at $27,855,000 after purchasing an additional 74,562 shares during the last quarter. 92.13% of the stock is owned by institutional investors and hedge funds.

Domtar (NYSE UFS) traded up $0.63 on Monday, reaching $45.38. The company had a trading volume of 319,944 shares, compared to its average volume of 767,450. Domtar has a 1 year low of $35.47 and a 1 year high of $52.58. The firm has a market cap of $2,850.00, a PE ratio of -7.19, a price-to-earnings-growth ratio of 2.98 and a beta of 1.63. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.24 and a quick ratio of 1.22.

The company also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Monday, April 2nd will be issued a $0.435 dividend. This is an increase from Domtar’s previous quarterly dividend of $0.42. This represents a $1.74 annualized dividend and a dividend yield of 3.83%. The ex-dividend date of this dividend is Thursday, March 29th. Domtar’s payout ratio is presently -26.31%.

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Domtar 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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Earnings History and Estimates for Domtar (NYSE:UFS)

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