Acadian Timber (ADN) Scheduled to Post Earnings on Wednesday

Acadian Timber (TSE:ADN) is scheduled to release its earnings data after the market closes on Wednesday, October 30th. Analysts expect Acadian Timber to post earnings of C$0.17 per share for the quarter.

Acadian Timber (TSE:ADN) last announced its quarterly earnings results on Tuesday, July 30th. The company reported C$0.35 earnings per share (EPS) for the quarter. The firm had revenue of C$17.92 million during the quarter.

Shares of TSE ADN opened at C$16.88 on Wednesday. The company has a debt-to-equity ratio of 32.58, a quick ratio of 2.41 and a current ratio of 2.51. The firm has a market capitalization of $280.01 million and a price-to-earnings ratio of 8.21. The stock has a 50 day moving average price of C$16.62 and a 200 day moving average price of C$16.59. Acadian Timber has a 52-week low of C$14.25 and a 52-week high of C$18.46.

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th were issued a $0.29 dividend. This is a positive change from Acadian Timber’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Friday, September 27th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 6.87%. Acadian Timber’s payout ratio is presently 55.69%.

A number of brokerages recently issued reports on ADN. Royal Bank of Canada lowered Acadian Timber from an “outperform” rating to a “sector perform” rating and lowered their price target for the company from C$20.00 to C$18.00 in a report on Wednesday, October 9th. Raymond James set a C$20.50 price target on Acadian Timber and gave the company an “outperform” rating in a report on Wednesday, August 21st.

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 approximately 1.1 million acres of freehold timberlands in New Brunswick and Maine; and provides managements services relating to approximately 1.3 million acres of Crown licensed timberlands.

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Earnings History for Acadian Timber (TSE:ADN)

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