Acadian Timber (TSE:ADN) Releases Quarterly Earnings Results

Acadian Timber (TSE:ADN) announced its quarterly earnings data on Wednesday. The company reported C$0.13 earnings per share (EPS) for the quarter, reports. The business had revenue of C$25.96 million for the quarter. Acadian Timber had a return on equity of 10.06% and a net margin of 26.53%.

Acadian Timber Stock Performance

Shares of Acadian Timber stock opened at C$17.78 on Friday. The company has a quick ratio of 1.04, a current ratio of 0.38 and a debt-to-equity ratio of 33.22. Acadian Timber has a 52 week low of C$15.58 and a 52 week high of C$18.48. The firm’s 50 day moving average is C$17.75 and its two-hundred day moving average is C$17.56. The firm has a market capitalization of C$311.86 million, a P/E ratio of 9.56, a P/E/G ratio of -4.84 and a beta of 0.87.

Acadian Timber Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 6.52%. The ex-dividend date is Tuesday, December 31st. Acadian Timber’s dividend payout ratio (DPR) is 62.37%.

Wall Street Analysts Forecast Growth

Separately, CIBC decreased their price target on shares of Acadian Timber from C$22.00 to C$21.00 and set an “outperform” rating for the company in a research note on Thursday, August 1st.

Acadian Timber Company Profile

Acadian Timber Corp. supplies primary forest products in Eastern Canada and the Northeastern United States. The company operates in two segments, NB Timberlands and Maine Timberlands. Its products include softwood and hardwood sawlogs, pulpwood, and biomass by-products. The company owns and manages freehold timberlands in New Brunswick and Maine; and provides timber services relating to Crown licensed timberlands in New Brunswick.