Domtar Corporation (UFS) Receiving Somewhat Favorable Media Coverage, Study Finds
Headlines about Domtar Corporation (NYSE:UFS) (TSE:UFS) have been trending somewhat positive recently, according to Accern. Accern identifies negative and positive press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Domtar Corporation earned a coverage optimism score of 0.12 on Accern’s scale. Accern also gave media coverage about the basic materials company an impact score of 47.1015096971612 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the headlines that may have impacted Accern’s analysis:
- Dimensional Fund Advisors Lp Adjusts Its Ownership in Domtar Corporation (NEW) (UFS) – Modern Readers (modernreaders.com)
- International Paper Company (IP) Ex-Dividend Date Scheduled for August 11, 2017 – Nasdaq (nasdaq.com)
- Head-To-Head Survey: Domtar Corporation (NYSE:UFS) versus Wausau Paper Corp. (WPP) (americanbankingnews.com)
- Comparing Wausau Paper Corp. (WPP) and Domtar Corporation (UFS) (americanbankingnews.com)
- Domtar and RCAM Host the 9th Annual Domtar Industrial Trade … – Business Wire (press release) (businesswire.com)
UFS has been the topic of a number of research reports. ValuEngine downgraded Domtar Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. CIBC raised Domtar Corporation from a “sector underperform” rating to a “sector perform” rating in a research note on Monday, June 5th. BidaskClub raised Domtar Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. Zacks Investment Research downgraded Domtar Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, June 6th. Finally, Vertical Research reaffirmed a “buy” rating on shares of Domtar Corporation in a research note on Friday, July 28th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $41.20.
Shares of Domtar Corporation (NYSE:UFS) traded up 0.87% during trading on Friday, hitting $38.10. The stock had a trading volume of 510,420 shares. The firm’s 50-day moving average is $38.41 and its 200 day moving average is $38.39. Domtar Corporation has a 52-week low of $33.99 and a 52-week high of $44.58. The firm has a market cap of $2.39 billion, a price-to-earnings ratio of 14.53 and a beta of 1.49.
Domtar Corporation (NYSE:UFS) (TSE:UFS) last posted its quarterly earnings results on Friday, July 28th. The basic materials company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.53 by $0.08. Domtar Corporation had a return on equity of 6.47% and a net margin of 3.23%. The firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same quarter last year, the firm earned $0.61 earnings per share. The business’s revenue for the quarter was down 3.4% on a year-over-year basis. On average, analysts expect that Domtar Corporation will post $2.46 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Monday, October 2nd will be issued a $0.415 dividend. The ex-dividend date is Friday, September 29th. This represents a $1.66 annualized dividend and a dividend yield of 4.36%. Domtar Corporation’s dividend payout ratio is presently 63.36%.
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About Domtar Corporation
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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