Acadian Timber (ADN) Set to Announce Quarterly Earnings on Wednesday

Acadian Timber (TSE:ADN) will announce its earnings results after the market closes on Wednesday, October 30th.

Acadian Timber (TSE:ADN) last announced its quarterly earnings data on Wednesday, July 31st. The company reported C$0.46 EPS for the quarter. The firm had revenue of C$41.19 million during the quarter. Acadian Timber had a return on equity of 10.06% and a net margin of 26.53%.

Acadian Timber Trading Down 0.4 %

ADN opened at C$18.30 on Monday. The firm has a 50 day simple moving average of C$17.69 and a 200 day simple moving average of C$17.54. The company has a market cap of C$320.98 million, a price-to-earnings ratio of 9.84, a price-to-earnings-growth ratio of -4.84 and a beta of 0.87. Acadian Timber has a fifty-two week low of C$15.50 and a fifty-two week high of C$18.45. The company has a debt-to-equity ratio of 33.22, a current ratio of 0.38 and a quick ratio of 1.04.

Acadian Timber Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th were issued a $0.29 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $1.16 dividend on an annualized basis and a yield of 6.34%. Acadian Timber’s dividend payout ratio is presently 62.37%.

Analysts Set New Price Targets

Separately, CIBC lowered their target price 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.