|Bid||34.40 x 800|
|Ask||34.41 x 900|
|Day's Range||34.06 - 34.51|
|52 Week Range||31.72 - 53.89|
|Beta (3Y Monthly)||1.99|
|PE Ratio (TTM)||7.66|
|Earnings Date||Oct 25, 2019|
|Forward Dividend & Yield||1.82 (5.30%)|
|1y Target Est||39.54|
Domtar Corporation will release its third quarter 2019 financial results before markets open on Friday, October 25, 2019. A conference call will be held to discuss the results at 11:00 a.m.
Domtar Corp. is permanently shuttering two paper machines at facilities in Arkansas and Michigan amid a challenging environment for the paper and pulp industry.
Domtar Corp. said Thursday it will cut 100 jobs as it shuts down two of its paper machines, one at its Ashdown, Ark. pulp and paper mill and the other at its Port Huron, Mich. paper mill. The Ashdown machine will be closed immediately and the Port Huron machine will be closed by mid-November. Domtar had about 10,000 employees as of the end of 2018, with about 60% employed in the U.S. The company expects to record a $39 million charge as a result, with $37 million of the charges expected to be recorded in the third quarter. "The closure of the two paper machines will enable us to right-size our paper production capacity with our customer demand," said Chief Executive John Williams. "This proactive measure is necessary due to increased imports and declining paper demand." The stock, which was still inactive in premarket trading, has tumbled 23.7% over the past three months, while the Dow Jones Industrial Average has slipped 3.3%.
Domtar Corporation (UFS) (UFS.TO) announced today that it will permanently shut down two of its paper machines. The closures will take place at the Ashdown, Arkansas pulp and paper mill, and the Port Huron, Michigan paper mill. These measures will reduce the Company’s annual uncoated freesheet paper capacity by approximately 204,000 short tons, and will result in a workforce reduction of approximately 100 employees. The closure of the Ashdown paper machine will be effective immediately and the closure of the Port Huron machine by mid-November.
Employees from the Personal Care division of Domtar, which has donated more than 3.3 million diapers over the last two years to the Diaper Bank of North Carolina in Durham, will volunteer to package over 20,000 diapers to help support underserved families in the community. Domtar Corporation (UFS) (UFS.TO) announced today that employees from the company’s Personal Care division, headquartered in Raleigh, NC, hosted a volunteer effort to package over 20,000 diapers to help support underserved families in the greater Durham area.
Domtar Corporation (NYSE:UFS) is about to trade ex-dividend in the next 4 days. This means that investors who purchase...
Anyone researching Domtar Corporation (NYSE:UFS) might want to consider the historical volatility of the share price...
Is Domtar Corporation (NYSE:UFS) a good dividend stock? How can we tell? Dividend paying companies with growing...
Domtar (UFS) delivered earnings and revenue surprises of -34.48% and -5.18%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
Domtar (UFS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Apart from benefits from positive growth projections, earnings surprise history and strong demand, let???s take a look at other factors that make Domtar Corporation (UFS) worth retaining.
Domtar Corp NYSE:UFSView full report here! Summary * Perception of the company's creditworthiness is positive * ETFs holding this stock have seen outflows over the last one-month * Bearish sentiment is low and declining * Economic output in this company's sector is contracting Bearish sentimentShort interest | PositiveShort interest is low for UFS with fewer than 5% of shares on loan. Additionally, this was an improvement in sentiment as investors who seek to profit from falling equity prices reduced their short positions on July 5. Money flowETF/Index ownership | NegativeETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding UFS totaled $64.71 billion. Additionally, the rate of outflows appears to be accelerating. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managersâ€™ Index (PMI) data, output in the Basic Materialsis falling. The rate of decline is significant relative to the trend shown over the past year, and is accelerating. Credit worthinessCredit default swap | PositiveThe current level displays a positive indicator. UFS credit default swap spreads are within the middle of their range for the last three years.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
It hasn't been the best quarter for Domtar Corporation (NYSE:UFS) shareholders, since the share price has fallen 12...
A whopping number of 13F filings filed with U.S. Securities and Exchange Commission has been processed by Insider Monkey so that individual investors can look at the overall hedge fund sentiment towards the stocks included in their watchlists. These freshly-submitted public filings disclose money managers’ equity positions as of the end of the three-month period […]
NOVI, Mich. and KNOXVILLE, Tenn., June 14, 2019 /PRNewswire/ -- Yanfeng Automotive Interiors (YFAI) and Prisma Renewable Composites announced today that the companies have entered into an agreement giving YFAI exclusive use of Prisma's lignin-based material in the development of automotive interiors. Prisma's BioLAN™ material is produced using lignin, a natural byproduct of the pulp and paper making process.