Acadian Timber (ADN) to Release Earnings on Wednesday

Acadian Timber (TSE:ADN) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, October 30th.

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

Acadian Timber Stock Performance

TSE:ADN opened at C$18.45 on Tuesday. The stock has a 50-day simple moving average of C$17.69 and a two-hundred day simple moving average of C$17.54. Acadian Timber has a 52-week low of C$15.50 and a 52-week high of C$18.48. The company has a debt-to-equity ratio of 33.22, a quick ratio of 1.04 and a current ratio of 0.38. The firm has a market capitalization of C$323.61 million, a PE ratio of 9.92, a P/E/G ratio of -4.84 and a beta of 0.87.

Acadian Timber Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders 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 dividend yield of 6.29%. Acadian Timber’s payout ratio is 62.37%.

Wall Street Analyst Weigh In

Separately, CIBC lowered their price objective on Acadian Timber from C$22.00 to C$21.00 and set an “outperform” rating on the stock in a research 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.