Acadian Timber (TSE:ADN - Get Free Report) is set to post its quarterly earnings results after the market closes on Wednesday, May 8th.
Acadian Timber (TSE:ADN - Get Free Report) last issued its quarterly earnings data on Wednesday, February 7th. The company reported C$0.08 EPS for the quarter, missing the consensus estimate of C$0.16 by C($0.08). Acadian Timber had a return on equity of 9.45% and a net margin of 31.49%. The firm had revenue of C$23.82 million during the quarter.
Acadian Timber Stock Performance
Shares of ADN traded up C$0.05 during trading hours on Wednesday, hitting C$17.54. The stock had a trading volume of 5,487 shares, compared to its average volume of 6,158. The company has a debt-to-equity ratio of 33.08, a current ratio of 1.96 and a quick ratio of 1.04. Acadian Timber has a 12 month low of C$15.50 and a 12 month high of C$18.69. The firm has a market capitalization of C$302.57 million, a PE ratio of 10.11, a PEG ratio of -4.84 and a beta of 0.87. The stock has a fifty day moving average price of C$17.13 and a 200 day moving average price of C$16.78.
Acadian Timber Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Sunday, March 31st were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 6.61%. The ex-dividend date was Wednesday, March 27th. Acadian Timber's payout ratio is currently 67.05%.
Wall Street Analysts Forecast Growth
ADN has been the subject of several recent research reports. Raymond James raised Acadian Timber from a "market perform" rating to an "outperform" rating and boosted their price target for the company from C$17.00 to C$18.50 in a report on Thursday, February 8th. CIBC raised Acadian Timber from a "neutral" rating to an "outperform" rating and boosted their price target for the company from C$17.00 to C$20.00 in a report on Thursday, April 11th. Finally, Royal Bank of Canada boosted 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 Friday, February 9th.
Check Out Our Latest Stock Analysis on ADN
Acadian Timber Company Profile
(
Get Free Report)
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.
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