ADENTRA (TSE:ADEN) Announces Earnings Results

ADENTRA (TSE:ADEN) issued its quarterly earnings results on Wednesday. The company reported $0.96 EPS for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.02), FiscalAI reports. The company had revenue of $607.13 million during the quarter, compared to the consensus estimate of $838.14 million. ADENTRA had a return on equity of 10.14% and a net margin of 2.94%.

ADENTRA Trading Up 2.1%

ADEN traded up $0.74 during trading on Wednesday, reaching $36.26. The stock had a trading volume of 41,921 shares, compared to its average volume of 54,791. The company has a market capitalization of $878.47 million, a price-to-earnings ratio of 13.79 and a beta of 1.59. The stock’s 50 day moving average is $35.43 and its two-hundred day moving average is $35.65. ADENTRA has a one year low of $29.18 and a one year high of $41.20.

ADENTRA Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Friday, July 31st were issued a $0.16 dividend. The ex-dividend date was Monday, July 20th. This represents a $0.64 dividend on an annualized basis and a yield of 1.8%. ADENTRA’s dividend payout ratio is 16.79%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on ADEN shares. Stifel Nicolaus lifted their price objective on shares of ADENTRA from C$49.50 to C$51.00 and gave the stock a “buy” rating in a report on Friday, April 17th. Scotiabank lowered their price target on ADENTRA from C$46.00 to C$45.00 and set a “sector outperform” rating on the stock in a research report on Tuesday, April 28th. Finally, TD lifted their price target on ADENTRA from C$42.00 to C$43.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. Six research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

About ADENTRA

Adentra Inc is a distributor of architectural products to fabricators, home centers and professional dealers servicing the new residential, repair and remodel, and commercial construction end markets. The company operates a network in North America of 86 facilities in the United States and Canada.