ADENTRA Inc. (TSE:ADEN) to Issue Quarterly Dividend of $0.16

ADENTRA Inc. (TSE:ADEN) declared a quarterly dividend on Monday, October 19th. Stockholders of record on Friday, October 30th will be paid a dividend of $0.16 per share on Friday, October 30th. This represents a $0.64 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Monday, October 19th.

ADENTRA Stock Down 2.3%

Shares of TSE:ADEN traded down $0.80 during trading on Friday, hitting $34.12. The stock had a trading volume of 65,650 shares, compared to its average volume of 51,470. ADENTRA has a 12-month low of $31.40 and a 12-month high of $41.20. The stock has a market capitalization of $827.24 million, a price-to-earnings ratio of 12.59 and a beta of 1.50. The stock has a 50-day simple moving average of $36.01 and a two-hundred day simple moving average of $35.23.

ADENTRA (TSE:ADEN) last issued its earnings results on Wednesday, August 5th. The company reported $0.96 EPS for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.02). The firm had revenue of $607.13 million during the quarter, compared to analysts’ expectations of $838.14 million. ADENTRA had a net margin of 2.98% and a return on equity of 10.11%. As a group, sell-side analysts forecast that ADENTRA will post 4.71 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have issued reports on ADEN shares. Acumen Capital raised their price target on shares of ADENTRA from C$48.00 to C$50.00 in a research report on Friday, August 7th. Scotia lifted their price objective on shares of ADENTRA from C$47.00 to C$49.00 and gave the company a “sector outperform” rating in a research note on Monday, August 10th. TD upped their price objective on shares of ADENTRA from C$46.00 to C$48.00 and gave the company a “buy” rating in a report on Wednesday. Desjardins upped their price objective on shares of ADENTRA from C$47.00 to C$49.00 and gave the company a “buy” rating in a report on Friday, August 7th. Finally, Stifel Nicolaus increased their price objective on shares of ADENTRA from C$48.00 to C$54.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Seven equities research analysts have rated the stock with a Buy rating. Based on data from MarketBeat, ADENTRA presently has a consensus rating of “Buy”.

ADENTRA Company Profile

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.