Domtar Corp (NYSE:UFS) (TSE:UFS) – Investment analysts at KeyCorp issued their Q3 2018 earnings per share (EPS) estimates for Domtar in a report released on Thursday. KeyCorp analyst A. Josephson anticipates that the basic materials company will earn $0.78 per share for the quarter. KeyCorp currently has a “Sell” rating and a $33.00 target price on the stock.

Domtar (NYSE:UFS) (TSE:UFS) last announced its quarterly earnings results on Thursday, February 8th. The basic materials company reported $0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.05). The company had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.31 billion. Domtar had a negative net margin of 4.11% and a positive return on equity of 6.00%. The business’s revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.75 earnings per share.

A number of other research firms have also recently commented on UFS. BMO Capital Markets reaffirmed a “hold” rating and set a $47.00 price target on shares of Domtar in a research note on Thursday, January 25th. Stephens set a $53.00 price target on shares of Domtar and gave the stock a “hold” rating in a research report on Wednesday, January 10th. Vertical Group raised shares of Domtar from a “hold” rating to a “buy” rating in a research report on Friday. Scotiabank upped their price target on shares of Domtar from $41.00 to $43.00 and gave the stock a “sector perform” rating in a research report on Friday. Finally, ValuEngine lowered shares of Domtar from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $44.33.

Domtar (UFS) traded up $0.38 during trading on Monday, hitting $42.99. 44,560 shares of the stock were exchanged, compared to its average volume of 788,005. Domtar has a 12-month low of $35.47 and a 12-month high of $52.58. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.22 and a current ratio of 2.24. The company has a market cap of $2,725.30, a P/E ratio of -12.61, a PEG ratio of 2.88 and a beta of 1.56.

A number of institutional investors have recently modified their holdings of UFS. Meeder Asset Management Inc. increased its stake in Domtar by 138.5% during the 4th quarter. Meeder Asset Management Inc. now owns 2,459 shares of the basic materials company’s stock valued at $121,000 after purchasing an additional 1,428 shares in the last quarter. Cubist Systematic Strategies LLC increased its stake in Domtar by 176.1% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 2,905 shares of the basic materials company’s stock valued at $126,000 after purchasing an additional 1,853 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Domtar by 41.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,680 shares of the basic materials company’s stock valued at $182,000 after purchasing an additional 1,070 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in Domtar by 1,493.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,187 shares of the basic materials company’s stock valued at $199,000 after purchasing an additional 2,987 shares in the last quarter. Finally, Shelton Capital Management acquired a new position in Domtar during the 3rd quarter valued at approximately $206,000. Institutional investors and hedge funds own 90.59% of the company’s stock.

The business also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Monday, April 2nd will be paid a dividend of $0.435 per share. This is a positive change from Domtar’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Thursday, March 29th. This represents a $1.74 dividend on an annualized basis and a yield of 4.05%. Domtar’s dividend payout ratio is presently -49.11%.

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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.

Earnings History and Estimates for Domtar (NYSE:UFS)

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