Equities analysts predict that Domtar Corp (NYSE:UFS) (TSE:UFS) will announce sales of $1.45 billion for the current quarter, Zacks reports. Three analysts have provided estimates for Domtar’s earnings, with the highest sales estimate coming in at $1.47 billion and the lowest estimate coming in at $1.44 billion. Domtar posted sales of $1.34 billion in the same quarter last year, which would indicate a positive year over year growth rate of 8.2%. The firm is scheduled to report its next quarterly earnings report on Thursday, February 14th.

According to Zacks, analysts expect that Domtar will report full-year sales of $5.52 billion for the current year, with estimates ranging from $5.50 billion to $5.54 billion. For the next year, analysts anticipate that the firm will report sales of $5.70 billion, with estimates ranging from $5.63 billion to $5.83 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Domtar.

Domtar (NYSE:UFS) (TSE:UFS) last posted its quarterly earnings data on Thursday, November 1st. The basic materials company reported $1.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.14 by $0.32. The business had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.42 billion. Domtar had a positive return on equity of 9.13% and a negative net margin of 2.67%. The company’s revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.03 earnings per share.

Several research firms have recently weighed in on UFS. ValuEngine downgraded Domtar from a “hold” rating to a “sell” rating in a report on Tuesday. Bank of America increased their price objective on Domtar from $55.00 to $56.00 and gave the company a “neutral” rating in a report on Friday, November 2nd. Citigroup increased their price objective on Domtar from $51.00 to $52.00 and gave the company a “neutral” rating in a report on Friday, November 2nd. Royal Bank of Canada increased their price objective on Domtar from $54.00 to $56.00 and gave the company an “outperform” rating in a report on Friday, November 2nd. Finally, Raymond James set a $49.00 price objective on Domtar and gave the company a “hold” rating in a report on Thursday, November 1st. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $49.38.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. lifted its holdings in shares of Domtar by 2.1% during the second quarter. BlackRock Inc. now owns 7,773,497 shares of the basic materials company’s stock worth $371,108,000 after purchasing an additional 158,605 shares during the period. LSV Asset Management lifted its holdings in Domtar by 0.5% in the third quarter. LSV Asset Management now owns 2,954,096 shares of the basic materials company’s stock valued at $154,115,000 after acquiring an additional 15,502 shares during the period. Acadian Asset Management LLC lifted its holdings in Domtar by 28.0% in the third quarter. Acadian Asset Management LLC now owns 1,511,248 shares of the basic materials company’s stock valued at $78,841,000 after acquiring an additional 330,144 shares during the period. Bank of New York Mellon Corp lifted its holdings in Domtar by 5.3% in the third quarter. Bank of New York Mellon Corp now owns 1,342,391 shares of the basic materials company’s stock valued at $70,032,000 after acquiring an additional 68,112 shares during the period. Finally, Allianz Asset Management GmbH lifted its holdings in Domtar by 36.3% in the first quarter. Allianz Asset Management GmbH now owns 764,260 shares of the basic materials company’s stock valued at $32,490,000 after acquiring an additional 203,434 shares during the period. 90.64% of the stock is owned by hedge funds and other institutional investors.

Shares of UFS stock traded down $1.51 during trading hours on Friday, hitting $47.76. The stock had a trading volume of 889,736 shares, compared to its average volume of 753,190. The company has a market capitalization of $3.14 billion, a P/E ratio of 13.74, a PEG ratio of 2.22 and a beta of 1.55. Domtar has a twelve month low of $40.72 and a twelve month high of $54.50. The company has a current ratio of 2.37, a quick ratio of 1.34 and a debt-to-equity ratio of 0.43.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Wednesday, January 2nd will be issued a dividend of $0.435 per share. This represents a $1.74 annualized dividend and a dividend yield of 3.64%. The ex-dividend date is Monday, December 31st. Domtar’s dividend payout ratio is presently 66.92%.

Domtar Company Profile

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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Earnings History and Estimates for Domtar (NYSE:UFS)

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