Acadian Timber Corp. (TSE:ADN - Free Report) - Investment analysts at Raymond James raised their FY2024 earnings estimates for Acadian Timber in a research note issued on Monday, October 21st. Raymond James analyst D. Swetlishoff now anticipates that the company will post earnings of $1.21 per share for the year, up from their previous estimate of $1.12. The consensus estimate for Acadian Timber's current full-year earnings is $1.01 per share.
Separately, CIBC cut their price target 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.
Check Out Our Latest Research Report on Acadian Timber
Acadian Timber Price Performance
TSE:ADN traded up C$0.14 during mid-day trading on Thursday, hitting C$18.37. 4,008 shares of the stock traded hands, compared to its average volume of 5,721. The company has a quick ratio of 1.04, a current ratio of 0.38 and a debt-to-equity ratio of 33.22. Acadian Timber has a 12-month low of C$15.50 and a 12-month high of C$18.45. The company has a market cap of C$322.21 million, a PE ratio of 9.80, a price-to-earnings-growth ratio of -4.84 and a beta of 0.87. The business's 50-day moving average price is C$17.66 and its 200 day moving average price is C$17.52.
Acadian Timber (TSE:ADN - Get Free Report) last issued its quarterly earnings data on Wednesday, July 31st. The company reported C$0.46 EPS for the quarter. The company had revenue of C$41.19 million during the quarter. Acadian Timber had a net margin of 26.53% and a return on equity of 10.06%.
Acadian Timber Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 15th were paid a $0.29 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $1.16 dividend on an annualized basis and a yield of 6.31%. Acadian Timber's dividend payout ratio is presently 62.37%.
Acadian Timber Company Profile
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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.
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