ADENTRA (TSE:ADEN) Announces Quarterly Earnings Results, Beats Estimates By $0.25 EPS

ADENTRA (TSE:ADEN) released its quarterly earnings results on Wednesday. The company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.40 by $0.25, FiscalAI reports. ADENTRA had a return on equity of 6.97% and a net margin of 1.98%.The firm had revenue of $517.54 million for the quarter, compared to analyst estimates of $539.21 million.

ADENTRA Stock Down 0.2%

TSE ADEN traded down $0.06 on Wednesday, reaching $34.53. 119,950 shares of the stock traded hands, compared to its average volume of 47,167. ADENTRA has a 12 month low of $24.60 and a 12 month high of $41.20. The company has a market cap of $836.21 million, a price-to-earnings ratio of 19.62 and a beta of 1.47. The firm’s fifty day simple moving average is $37.65 and its 200 day simple moving average is $35.29.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on ADEN shares. Raymond James Financial lifted their price target on shares of ADENTRA from C$43.00 to C$46.00 in a research note on Tuesday, November 11th. Stifel Nicolaus lifted their price target on ADENTRA from C$47.00 to C$51.00 and gave the company a “buy” rating in a report on Friday, February 6th. Scotiabank boosted their price target on ADENTRA from C$41.00 to C$46.00 in a research report on Thursday, January 29th. Finally, Canadian Imperial Bank of Commerce increased their price target on ADENTRA from C$41.00 to C$42.00 in a research note on Tuesday, November 11th. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate 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.