ADENTRA (TSE:ADEN - Get Free Report) is expected to announce its earnings results before the market opens on Thursday, March 13th. Analysts expect the company to announce earnings of $0.56 per share and revenue of $540.94 million for the quarter.
ADENTRA Stock Performance
ADENTRA stock traded up $0.30 during midday trading on Friday, reaching $32.02. The stock had a trading volume of 31,616 shares, compared to its average volume of 56,603. The firm's fifty day simple moving average is $34.72 and its 200-day simple moving average is $38.18. ADENTRA has a 1-year low of $31.25 and a 1-year high of $45.25. The stock has a market capitalization of $565.35 million, a P/E ratio of 10.92 and a beta of 1.57.
ADENTRA Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 31st were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date was Monday, January 20th. This is a positive change from ADENTRA's previous quarterly dividend of $0.14. ADENTRA's dividend payout ratio (DPR) is currently 19.10%.
Wall Street Analysts Forecast Growth
ADEN has been the topic of a number of recent research reports. Raymond James set a C$60.00 target price on ADENTRA and gave the company a "strong-buy" rating in a research report on Friday, December 20th. CIBC dropped their target price on ADENTRA from C$53.00 to C$49.00 in a research report on Wednesday, January 15th. Finally, Acumen Capital dropped their target price 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 given a strong buy rating to the company. Based on data from MarketBeat.com, ADENTRA currently has an average rating of "Buy" and an average target price of $54.57.
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ADENTRA Company Profile
(
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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.
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