Somewhat Positive News Coverage Somewhat Unlikely to Impact Domtar Corporation (UFS) Share Price
Media headlines about Domtar Corporation (NYSE:UFS) (TSE:UFS) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research group rates the sentiment of media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Domtar Corporation earned a coverage optimism score of 0.19 on Accern’s scale. Accern also assigned media headlines about the basic materials company an impact score of 46.7401220479197 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Domtar Corporation (NYSE UFS) opened at 40.38 on Wednesday. Domtar Corporation has a 52-week low of $33.99 and a 52-week high of $44.58. The stock has a market capitalization of $2.53 billion, a PE ratio of 15.40 and a beta of 1.49. The firm has a 50-day moving average of $38.78 and a 200-day moving average of $38.15.
Domtar Corporation (NYSE:UFS) (TSE:UFS) last announced its quarterly earnings results on Friday, July 28th. The basic materials company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.08. The firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Domtar Corporation had a net margin of 3.23% and a return on equity of 6.47%. The company’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.61 earnings per share. On average, equities analysts expect that Domtar Corporation will post $2.46 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Monday, October 2nd will be given a $0.415 dividend. This represents a $1.66 annualized dividend and a dividend yield of 4.11%. The ex-dividend date of this dividend is Friday, September 29th. Domtar Corporation’s payout ratio is presently 63.36%.
UFS has been the subject of a number of research analyst reports. BidaskClub downgraded Domtar Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. ValuEngine downgraded Domtar Corporation from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Zacks Investment Research downgraded Domtar Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, June 6th. CIBC upgraded Domtar Corporation from a “sector underperform” rating to a “sector perform” rating in a report on Monday, June 5th. Finally, Scotiabank dropped their price objective on Domtar Corporation from $40.50 to $40.00 and set a “sector perform” rating for the company in a report on Monday, July 31st. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $41.20.
In other news, VP Daniel Buron sold 4,900 shares of the stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $40.10, for a total value of $196,490.00. Following the transaction, the vice president now directly owns 15,126 shares of the company’s stock, valued at $606,552.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.04% of the stock is owned by corporate insiders.
Domtar Corporation 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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