News headlines about Domtar (NYSE:UFS) (TSE:UFS) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Domtar earned a daily sentiment score of 0.04 on Accern’s scale. Accern also assigned news headlines about the basic materials company an impact score of 46.5036703027991 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Shares of Domtar (NYSE:UFS) traded down $0.24 during trading on Wednesday, reaching $45.52. The company had a trading volume of 950,015 shares, compared to its average volume of 773,804. The stock has a market capitalization of $2,850.00, a price-to-earnings ratio of -7.21, a price-to-earnings-growth ratio of 3.10 and a beta of 1.63. Domtar has a 52 week low of $35.47 and a 52 week high of $52.58. The company has a quick ratio of 1.21, a current ratio of 2.24 and a debt-to-equity ratio of 0.45.
Domtar (NYSE:UFS) (TSE:UFS) last issued its quarterly earnings data on Thursday, February 8th. The basic materials company reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.05). The business had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Domtar had a positive return on equity of 6.02% and a negative net margin of 4.11%. The company’s revenue was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.75 earnings per share. equities research analysts predict that Domtar will post 3 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Monday, April 2nd will be given a $0.435 dividend. This represents a $1.74 annualized dividend and a yield of 3.82%. This is a positive change from Domtar’s previous quarterly dividend of $0.42. The ex-dividend date is Thursday, March 29th. Domtar’s dividend payout ratio is presently -26.31%.
A number of equities analysts recently weighed in on UFS shares. Zacks Investment Research raised Domtar from a “hold” rating to a “buy” rating and set a $56.00 price target for the company in a report on Wednesday, December 27th. Vertical Group raised Domtar from a “hold” rating to a “buy” rating in a report on Friday, February 9th. Bank of America reduced their price target on Domtar from $54.00 to $48.00 and set a “buy” rating for the company in a report on Friday, February 9th. Vertical Research raised Domtar from a “hold” rating to a “buy” rating in a report on Friday, February 9th. Finally, Stephens raised Domtar from an “equal” rating to a “buy” rating and set a $43.00 target price for the company in a report on Friday, February 9th. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Domtar has a consensus rating of “Hold” and an average price target of $44.33.
In related news, insider Michael Fagan sold 23,674 shares of Domtar stock in a transaction on 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 transaction, the insider now directly owns 19,477 shares in the company, valued at $873,932.99. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO John David Williams sold 68,556 shares of Domtar stock in a transaction on 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 transaction, the chief executive officer now owns 55,242 shares of the company’s stock, valued at $2,501,357.76. The disclosure for this sale can be found here. Corporate insiders own 1.04% of the company’s stock.
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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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