Acadian Timber (TSE:ADN) Releases Earnings Results

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

Acadian Timber Trading Down 0.1 %

Shares of TSE:ADN opened at C$18.41 on Friday. The company has a market cap of C$322.91 million, a PE ratio of 9.90, a P/E/G ratio of -4.84 and a beta of 0.87. The company’s 50-day moving average price is C$17.73 and its 200 day moving average price is C$17.55. Acadian Timber has a fifty-two week low of C$15.50 and a fifty-two week high of C$18.48. 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th were given a $0.29 dividend. The ex-dividend date was Friday, September 27th. This represents a $1.16 annualized dividend and a yield of 6.30%. Acadian Timber’s dividend payout ratio is presently 62.37%.

Wall Street Analyst Weigh In

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

About Acadian Timber

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.