Acadian Timber (TSE:ADN) Posts Quarterly Earnings Results

Acadian Timber (TSE:ADN) announced its earnings results on Wednesday. The company reported C$0.13 earnings per share for the quarter, reports. The business had revenue of C$25.96 million during 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 %

TSE ADN opened at C$18.41 on Friday. Acadian Timber has a 12 month low of C$15.50 and a 12 month high of C$18.48. The company has a debt-to-equity ratio of 33.22, a current ratio of 0.38 and a quick ratio of 1.04. The company has a market capitalization of C$322.91 million, a price-to-earnings ratio of 9.90, a price-to-earnings-growth ratio of -4.84 and a beta of 0.87. The company’s fifty day moving average price is C$17.73 and its two-hundred day moving average price is C$17.55.

Acadian Timber Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 15th were paid a dividend of $0.29 per share. The ex-dividend date was Friday, September 27th. This represents a $1.16 dividend on an annualized basis and a yield of 6.30%. Acadian Timber’s dividend payout ratio (DPR) is 62.37%.

Analyst Ratings Changes

Separately, CIBC decreased 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.

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.