Atrium Research Lowers Earnings Estimates for ADF Group

ADF Group Inc. (TSE:DRX) – Atrium Research cut their FY2027 earnings per share estimates for ADF Group in a report issued on Thursday, September 10th. Atrium Research analyst N. Cortellucci now anticipates that the company will earn $1.15 per share for the year, down from their previous forecast of $1.47. The consensus estimate for ADF Group’s current full-year earnings is $0.20 per share. Atrium Research also issued estimates for ADF Group’s FY2028 earnings at $2.17 EPS.

ADF Group Stock Performance

Shares of DRX opened at C$13.70 on Tuesday. ADF Group has a 52-week low of C$6.90 and a 52-week high of C$18.44. The stock’s 50-day simple moving average is C$16.27 and its 200 day simple moving average is C$12.92. The company has a debt-to-equity ratio of 19.20, a quick ratio of 1.74 and a current ratio of 2.03. The stock has a market capitalization of C$391.18 million, a price-to-earnings ratio of 12.34 and a beta of -0.70.

ADF Group (TSE:DRX) last announced its quarterly earnings results on Thursday, September 10th. The company reported C$0.10 earnings per share for the quarter. ADF Group had a return on equity of 16.61% and a net margin of 9.19%.The company had revenue of C$95.03 million during the quarter.

About ADF Group

ADF Group Inc is a North American leader in the design and engineering of connections, fabrication, including the application of industrial coatings, and installation of complex steel structures, heavy steel built-ups, as well as in miscellaneous and architectural metals for the non-residential infrastructure sector. ADF Group Inc is one of the few players in the industry capable of handling highly technically complex mega projects on fast-track schedules in the commercial, institutional, industrial and public sectors.