Acadian Timber (TSE:ADN) Issues Earnings Results

Acadian Timber (TSE:ADNGet Free Report) released its earnings results on Wednesday. The company reported C$0.19 EPS for the quarter, FiscalAI reports. Acadian Timber had a net margin of 56.32% and a return on equity of 14.25%. The company had revenue of C$23.41 million for the quarter.

Acadian Timber Stock Down 1.9%

TSE ADN opened at C$17.15 on Thursday. The company has a quick ratio of 1.04, a current ratio of 0.87 and a debt-to-equity ratio of 30.77. The company has a fifty day moving average of C$17.01 and a two-hundred day moving average of C$16.19. The firm has a market capitalization of C$316.52 million, a price-to-earnings ratio of 6.35, a PEG ratio of -4.84 and a beta of 0.28. Acadian Timber has a 52 week low of C$13.98 and a 52 week high of C$18.43.

Acadian Timber Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 15th were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 6.8%. The ex-dividend date of this dividend was Tuesday, March 31st. Acadian Timber’s payout ratio is presently 42.96%.

Analyst Ratings Changes

Separately, Royal Bank Of Canada raised their target price on shares of Acadian Timber from C$17.00 to C$18.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 16th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$18.25.

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Acadian Timber Company Profile

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Acadian Timber Corp is a Canada-based supplier of primary forest products in Eastern Canada and the Northeastern United States. The company’s operating segments include NB Timberlands and Maine Timberlands. It generates maximum revenue from the NB Timberlands segment. The company’s product includes softwood and hardwood sawlogs, pulpwood and biomass by-products.

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Earnings History for Acadian Timber (TSE:ADN)

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