ADENTRA (TSE:ADEN) Releases Quarterly Earnings Results, Misses Estimates By $0.02 EPS

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. ADENTRA had a net margin of 2.94% and a return on equity of 10.14%. The business had revenue of $607.13 million during the quarter, compared to analysts’ expectations of $838.14 million.

ADENTRA Price Performance

TSE:ADEN traded up $0.74 during mid-day 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. ADENTRA has a 1-year low of $29.18 and a 1-year high of $41.20. The stock’s 50 day simple moving average is $35.43 and its two-hundred day simple moving average is $35.65.

ADENTRA Dividend Announcement

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

Analysts Set New Price Targets

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