ADENTRA (TSE:ADEN) Releases Quarterly Earnings Results

Key Points

• EPS beat but revenue missed: ADENTRA reported Q earnings of $0.65 EPS, beating the $0.40 consensus by $0.25, while revenue came in at $517.54M versus expectations of $539.21M.
• Analysts raising targets: Multiple firms lifted price targets (e.g., Raymond James and Scotiabank to C$46, Stifel to C$51) and the stock holds a MarketBeat consensus of "Moderate Buy" (five Buys, one Hold).
• Stock/valuation snapshot: Shares traded down 0.2% to $34.53 on above-average volume; market cap is about $836M with a P/E of ~19.6.

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

ADENTRA Trading Down 0.2%

Shares of ADEN traded down $0.06 during mid-day trading on Wednesday, reaching $34.53. The company had a trading volume of 119,950 shares, compared to its average volume of 47,167. ADENTRA has a fifty-two week low of $24.60 and a fifty-two week high of $41.20. The firm has a fifty day simple moving average of $37.65 and a 200-day simple moving average of $35.29. The stock has a market cap of $836.21 million, a price-to-earnings ratio of 19.62 and a beta of 1.47.

Analysts Set New Price Targets

ADEN has been the topic of several recent analyst reports. Raymond James Financial upped their price objective on shares of ADENTRA from C$43.00 to C$46.00 in a research note on Tuesday, November 11th. Scotiabank boosted their price target on ADENTRA from C$41.00 to C$46.00 in a report on Thursday, January 29th. 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. Finally, Stifel Nicolaus raised their price objective on ADENTRA from C$47.00 to C$51.00 and gave the stock a "buy" rating in a report on Friday, February 6th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate 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.

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