Acadian Timber (TSE:ADN – Free Report) had its target price hoisted by Royal Bank of Canada from C$17.00 to C$18.00 in a report released on Friday morning, BayStreet.CA reports. They currently have a sector perform rating on the stock.
Separately, Raymond James raised shares of Acadian Timber from a market perform rating to an outperform rating and boosted their target price for the company from C$17.00 to C$18.50 in a research report on Thursday, February 8th.
Acadian Timber Price Performance
Acadian Timber (TSE:ADN – Get Free Report) last announced its earnings results on Wednesday, February 7th. The company reported C$0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.16 by C($0.08). The business had revenue of C$23.82 million during the quarter. Acadian Timber had a net margin of 42.65% and a return on equity of 13.16%. Equities analysts expect that Acadian Timber will post 0.7701095 earnings per share for the current year.
Acadian Timber Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Sunday, March 31st will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $1.16 annualized dividend and a yield of 6.90%. Acadian Timber’s dividend payout ratio is 49.36%.
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.
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