Acadian Timber (TSE:ADN) Posts Quarterly Earnings Results

Acadian Timber (TSE:ADN) posted its quarterly earnings results on Wednesday. The company reported C$0.13 EPS for the quarter, reports. Acadian Timber had a return on equity of 10.06% and a net margin of 26.53%. The business had revenue of C$25.96 million for the quarter.

Acadian Timber Price Performance

ADN opened at C$17.78 on Friday. The firm has a market cap of C$311.86 million, a price-to-earnings ratio of 9.56, a PEG ratio of -4.84 and a beta of 0.87. The company has a current ratio of 0.38, a quick ratio of 1.04 and a debt-to-equity ratio of 33.22. The stock’s 50-day moving average price is C$17.75 and its 200 day moving average price is C$17.56. Acadian Timber has a 12-month low of C$15.58 and a 12-month high of C$18.48.

Acadian Timber Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a $0.29 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.16 annualized dividend and a dividend yield of 6.52%. Acadian Timber’s dividend payout ratio is presently 62.37%.

Analyst Upgrades and Downgrades

Separately, CIBC cut their target price on 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.