Raymond James comments on the earnings of CanWel Building Materials Group Ltd. in the first quarter of 2022 (TSE: DBM)
CanWel Building Materials Group Ltd. (TSE: DBM) – Analysts at Raymond James released their earnings estimates for the first quarter of 2022 for shares of CanWel Building Materials Group in a research report to customers and investors on Tuesday, January 4. Raymond James analyst S. Hansen predicts the company will earn $ 0.29 per share for the quarter. Raymond James currently has an “Outperformance” rating and a target price of $ 10.50 on the stock. Raymond James also released estimates for CanWel Building Materials Group’s second quarter 2022 profit at $ 0.43 EPS, third quarter 2022 profit at $ 0.21 EPS, Q4 2022 profit at $ 0.21 EPS, and FY2023 earnings at $ 0.78 EPS.
DBM has been the subject of several other reports. The Royal Bank of Canada reduced its price target on CanWel Building Materials Group from C $ 11.00 to C $ 10.00 in a research report published on Wednesday, October 20. CIBC reaffirmed the “buy” rating of CanWel Building Materials Group shares in a research report on Thursday, September 30. Finally, they lowered their price target on CanWel Building Materials Group from C $ 7.50 to C $ 7.00 and established a “na” rating for the stock in a research report on Friday, November 5th. Six equity research analysts rated the stock with a buy rating. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of C $ 10.43.
DBM shares opened at C $ 8.28 on Wednesday. The company’s 50-day moving average is C $ 7.24 and its two-hundred-day moving average is C $ 5.11. The company has a market capitalization of 717.78 million Canadian dollars and a P / E ratio of 6.13. The company has a debt to equity ratio of 167.43, a rapid ratio of 1.01 and a current ratio of 2.92. CanWel Building Materials Group has a 52-week low at C $ 6.13 and a 52-week high at C $ 10.83. CanWel Building Materials Group (TSE: DBM) last reported its quarterly results on Thursday, November 4. The company reported earnings per share of C $ 0.09 for the quarter, beating the consensus estimate of C $ 0.08 by C $ 0.01. The company reported sales of C $ 625.29 million for the quarter, compared to analysts’ estimate of C $ 595.10 million.
About the CanWel Building Materials Group
CanWel Building Materials Group Ltd., through its subsidiaries, distributes building materials and home improvement products in Canada, Hawaii and the western United States. It operates through two segments, distribution and forestry. The company sells terraces and railings; engineered wood products; fasteners and adhesives; foundation; insulation and envelopes; interior finish; lumber, plywood, OSB panels and specialized industrial products; roofing products; treated wood; coating and trim products; and security products, as well as shape and reinforcement products.
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