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

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

ADENTRA Price Performance

Shares of ADEN traded up $0.74 during mid-day trading on Wednesday, hitting $36.26. The stock had a trading volume of 41,921 shares, compared to its average volume of 54,791. ADENTRA has a 52 week low of $29.18 and a 52 week high of $41.20. The business has a fifty day moving average price of $35.43 and a 200-day moving average price of $35.65. The firm has a market cap of $878.47 million, a P/E ratio of 13.79 and a beta of 1.59.

ADENTRA Announces Dividend

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

Wall Street Analyst Weigh In

Several research analysts have commented on the company. TD lifted their target price on ADENTRA from C$42.00 to C$43.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. Scotiabank cut their price objective on shares of 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, Stifel Nicolaus upped 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. Six investment analysts have rated the stock with a Buy rating, According to MarketBeat, ADENTRA presently has an average 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.