ADF Group (TSE:DRX) Sets New 1-Year High on Earnings Beat

ADF Group Inc. (TSE:DRX) shares reached a new 52-week high on Friday following a stronger than expected earnings report. The stock traded as high as C$12.80 and last traded at C$12.30, with a volume of 179296 shares traded. The stock had previously closed at C$11.80.

The company reported C$0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.26 by C$0.06. ADF Group had a net margin of 10.01% and a return on equity of 21.20%. The firm had revenue of C$88.39 million during the quarter, compared to analyst estimates of C$77.10 million.

ADF Group Dividend Announcement

The business also recently disclosed a Semi-Annual dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Friday, April 26th will be issued a dividend of $0.01 per share. The ex-dividend date of this dividend is Thursday, April 25th. ADF Group’s dividend payout ratio is currently 2.22%.

ADF Group Stock Performance

The firm has a market cap of C$228.38 million, a P/E ratio of 13.87 and a beta of 0.80. The company has a current ratio of 1.96, a quick ratio of 1.74 and a debt-to-equity ratio of 32.20. The company’s 50-day moving average is C$9.21 and its two-hundred day moving average is C$7.13.

About ADF Group

ADF Group Inc engages in the design and engineering of connections in Canada and the United States. It also fabricates and installs complex steel structures and heavy steel built-ups, as well as miscellaneous and architectural metalwork services. In addition, the company offers products and services for various segments of the non-residential construction industry, including office towers and high-rises, commercial and recreational buildings, airport facilities, industrial complexes, and transport infrastructures.