Acadian Timber (ADN) Scheduled to Post Earnings on Wednesday

Acadian Timber (TSE:ADN) will be announcing its earnings results after the market closes on Wednesday, May 8th.

Acadian Timber (TSE:ADN) last posted its earnings results on Wednesday, February 7th. The company reported C$0.08 EPS for the quarter, missing analysts’ consensus estimates of C$0.16 by C($0.08). The company had revenue of C$23.82 million during the quarter. Acadian Timber had a return on equity of 9.45% and a net margin of 31.49%.

Acadian Timber Price Performance

TSE ADN opened at C$17.66 on Monday. The stock has a market capitalization of C$304.64 million, a price-to-earnings ratio of 10.21, a PEG ratio of -4.84 and a beta of 0.87. Acadian Timber has a 1-year low of C$15.50 and a 1-year high of C$18.69. The company has a debt-to-equity ratio of 33.08, a current ratio of 1.96 and a quick ratio of 1.04. The business’s fifty day moving average price is C$17.21 and its 200-day moving average price is C$16.80.

Acadian Timber Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Sunday, March 31st were given a $0.29 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.16 annualized dividend and a yield of 6.57%. Acadian Timber’s payout ratio is 67.05%.

Analysts Set New Price Targets

A number of research firms recently issued reports on ADN. CIBC raised 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 report on Thursday, April 11th. Raymond James upgraded shares of Acadian Timber from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from C$17.00 to C$18.50 in a research note on Thursday, February 8th. Finally, Royal Bank of Canada upped their price objective on Acadian Timber from C$17.00 to C$18.00 and gave the stock a “sector perform” rating in a research note on Friday, February 9th.

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.