Acadian Timber (ADN) Scheduled to Post Quarterly Earnings on Wednesday

Posted by Lars Charter on Jul 30th, 2024

Acadian Timber (TSE:ADN – Get Free Report) is set to issue its quarterly earnings data after the market closes on Wednesday, July 31st.

Acadian Timber (TSE:ADN – Get Free Report) last posted its quarterly earnings results on Wednesday, May 8th. The company reported C$0.35 EPS for the quarter. The business had revenue of C$28.81 million during the quarter. Acadian Timber had a return on equity of 9.48% and a net margin of 29.86%.

Acadian Timber Trading Up 0.7 %

Shares of ADN stock opened at C$18.32 on Tuesday. The firm has a 50 day moving average price of C$17.33 and a two-hundred day moving average price of C$17.17. The company has a quick ratio of 1.04, a current ratio of 0.44 and a debt-to-equity ratio of 36.66. The company has a market capitalization of C$318.58 million, a PE ratio of 10.53, a price-to-earnings-growth ratio of -4.84 and a beta of 0.87. Acadian Timber has a 12-month low of C$15.50 and a 12-month high of C$18.69.

Acadian Timber Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Sunday, June 30th were given a dividend of $0.29 per share. The ex-dividend date was Friday, June 28th. This represents a $1.16 annualized dividend and a yield of 6.33%. Acadian Timber’s dividend payout ratio (DPR) is presently 66.67%.

Analyst Ratings Changes

ADN has been the subject of several research reports. CIBC upgraded shares of Acadian Timber from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from C$17.00 to C$20.00 in a research report on Thursday, April 11th. Royal Bank of Canada raised their price objective on shares of Acadian Timber from C$18.00 to C$20.00 in a research report on Friday, May 10th. Finally, Raymond James raised their price objective on shares of Acadian Timber from C$18.50 to C$20.00 in a research report on Friday, May 10th.

Get Our Latest Stock Analysis on Acadian Timber

About Acadian Timber

(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.