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."

Price: 9.10, Change: +0.39, Percent Change: +4.48