ADENTRA (ADEN) Expected to Announce Earnings on Thursday

ADENTRA (TSE:ADEN) is expected to release its earnings data before the market opens on Thursday, March 13th. Analysts expect ADENTRA to post earnings of $0.56 per share and revenue of $540.94 million for the quarter.

ADENTRA Stock Performance

TSE:ADEN opened at $32.33 on Thursday. The stock has a fifty day moving average price of $34.92 and a 200-day moving average price of $38.29. The company has a market cap of $570.82 million, a price-to-earnings ratio of 11.02 and a beta of 1.57. ADENTRA has a fifty-two week low of $31.63 and a fifty-two week high of $45.25.

ADENTRA Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 31st were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.86%. This is an increase from ADENTRA’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Monday, January 20th. ADENTRA’s dividend payout ratio is presently 19.10%.

Analyst Ratings Changes

Several brokerages recently weighed in on ADEN. CIBC dropped their price objective on ADENTRA from C$53.00 to C$49.00 in a research report on Wednesday, January 15th. Raymond James set a C$60.00 price objective on ADENTRA and gave the stock a “strong-buy” rating in a research report on Friday, December 20th. Finally, Acumen Capital dropped their price objective on ADENTRA from C$56.00 to C$54.00 in a research report on Friday, November 15th. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $54.57.

ADENTRA Company Profile

ADENTRA Inc engages in the wholesale distribution of architectural building products to the residential, repair and remodel, and commercial construction markets in Canada and the United States. It offers doors, decorative surfaces, moldings, stair parts, hardwood lumber, hardwood plywood, composite panels, and other building products to industrial manufacturers, home builder distribution yards, and home centers.