or
Remember me
Back
02:25 PM EST, 11/11/2024 (MT Newswires) -- Doman Building's third quarter revenue hit $663.1 million, beating National Bank's $638.3 million estimate (Street: $616.7 million). Adj. EPS came to $0.18, above National's $0.13 forecast and the Street's $0.14.
National Bank has increased its target to $12.50 (was $12) on 11.5x 2026e EPS, equivalent to a 9.7% FCF yield.
"We rate DBM Outperform as although the short-term outlook remains clouded by the industry's reticence to restock inventory in the face of economic uncertainty and elevated rates, DBM remains well positioned to benefit from long-term drivers of housing market dynamics on both sides of the border, and can continue to supplement growth through accretive acquisitions."
Receive investor kits and email updates from Stockhouse and directly from these companies.
