ADENTRA (TSE:ADEN) Posts Quarterly Earnings Results, Misses Expectations By $0.20 EPS

ADENTRA (TSE:ADEN) released its quarterly earnings data on Monday. The company reported $0.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.20), FiscalAI reports. The company had revenue of $618.65 million for the quarter, compared to analyst estimates of $861.54 million. ADENTRA had a return on equity of 10.11% and a net margin of 2.98%.

ADENTRA Price Performance

TSE ADEN opened at $36.13 on Monday. The stock has a market capitalization of $875.97 million, a P/E ratio of 13.33 and a beta of 1.27. The business has a 50 day simple moving average of $35.45 and a 200 day simple moving average of $35.70. ADENTRA has a one year low of $31.40 and a one year high of $41.20.

ADENTRA Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 30th. Stockholders of record on Friday, October 30th were given a $0.16 dividend. The ex-dividend date of this dividend was Monday, October 19th. This represents a $0.64 annualized dividend and a dividend yield of 1.8%. ADENTRA’s dividend payout ratio (DPR) is 16.61%.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Desjardins boosted their target price on shares of ADENTRA from C$47.00 to C$49.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Stifel Nicolaus upped their price target on shares of ADENTRA from C$48.00 to C$54.00 and gave the stock a “buy” rating in a report on Friday, August 7th. TD increased their price target on ADENTRA from C$46.00 to C$48.00 and gave the company a “buy” rating in a research note on Wednesday, October 14th. Scotia raised their price objective on ADENTRA from C$47.00 to C$49.00 and gave the company a “sector outperform” rating in a report on Monday, August 10th. Finally, Acumen Capital raised their price objective on ADENTRA from C$48.00 to C$50.00 in a report on Friday, August 7th. Seven analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, ADENTRA 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.