Acadian Timber (TSE:ADN) Issues Quarterly Earnings Results, Misses Expectations By $0.08 EPS

Acadian Timber (TSE:ADNGet Free Report) released its quarterly earnings results on Wednesday. The company reported C$0.08 EPS for the quarter, missing analysts’ consensus estimates of C$0.16 by C($0.08), reports. The business had revenue of C$23.82 million for the quarter. Acadian Timber had a net margin of 42.65% and a return on equity of 13.16%.

Acadian Timber Stock Up 2.1 %

ADN stock opened at C$17.04 on Friday. Acadian Timber has a fifty-two week low of C$15.40 and a fifty-two week high of C$18.69. The business’s 50 day moving average price is C$16.91 and its two-hundred day moving average price is C$16.96. The company has a debt-to-equity ratio of 34.74, a quick ratio of 1.04 and a current ratio of 1.87. The company has a market capitalization of C$292.75 million, a price-to-earnings ratio of 7.25, a price-to-earnings-growth ratio of -4.84 and a beta of 0.92.

Acadian Timber Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Sunday, March 31st will be issued a dividend of $0.29 per share. The ex-dividend date is Wednesday, March 27th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 6.81%. Acadian Timber’s dividend payout ratio (DPR) is 49.36%.

Wall Street Analysts Forecast Growth

ADN has been the subject of a number of recent analyst reports. Royal Bank of Canada upped their price target on Acadian Timber from C$17.00 to C$18.00 and gave the company a “sector perform” rating in a research report on Friday. Raymond James raised Acadian Timber from a “market perform” rating to an “outperform” rating and upped their price target for the company from C$17.00 to C$18.50 in a research report on Thursday.

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About Acadian Timber

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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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Earnings History for Acadian Timber (TSE:ADN)

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