Acadian Timber (TSE:ADN) Posts Quarterly Earnings Results

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

Acadian Timber Trading Down 1.9%

Acadian Timber stock traded down C$0.33 during mid-day trading on Wednesday, hitting C$17.15. The stock had a trading volume of 19,012 shares, compared to its average volume of 11,255. The stock has a 50-day simple moving average of C$17.00 and a two-hundred day simple moving average of C$16.18. The stock has a market capitalization of C$316.52 million, a PE ratio of 6.35, a P/E/G ratio of -4.84 and a beta of 0.28. Acadian Timber has a 12 month low of C$13.98 and a 12 month high of C$18.43. The company has a current ratio of 0.87, a quick ratio of 1.04 and a debt-to-equity ratio of 30.77.

Acadian Timber Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Wednesday, April 15th were issued a $0.29 dividend. The ex-dividend date was Tuesday, March 31st. This represents a $1.16 annualized dividend and a yield of 6.8%. Acadian Timber’s dividend payout ratio (DPR) is currently 42.96%.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada raised their price target on Acadian Timber from C$17.00 to C$18.00 and gave the company a “sector perform” rating in a report on Thursday, April 16th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$18.25.

Check Out Our Latest Stock Analysis on Acadian Timber

About Acadian Timber

(Get Free Report)

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.

Further Reading

Earnings History for Acadian Timber (TSE:ADN)

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