Acadian Timber Corp. (TSE:ADN - Free Report) - Equities researchers at Raymond James lowered their FY2024 earnings per share (EPS) estimates for Acadian Timber in a research report issued on Thursday, October 31st. Raymond James analyst D. Swetlishoff now expects that the company will post earnings per share of $1.19 for the year, down from their prior forecast of $1.21. The consensus estimate for Acadian Timber's current full-year earnings is $1.01 per share.
Separately, CIBC reduced 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.
Read Our Latest Stock Analysis on ADN
Acadian Timber Stock Performance
Shares of ADN traded down C$0.14 during midday trading on Monday, reaching C$17.64. The stock had a trading volume of 5,475 shares, compared to its average volume of 5,766. The firm has a market cap of C$309.41 million, a PE ratio of 9.48, a P/E/G ratio of -4.84 and a beta of 0.87. The firm has a 50 day simple moving average of C$17.74 and a 200-day simple moving average of C$17.57. Acadian Timber has a one year low of C$15.89 and a one year high of C$18.48. The company has a current ratio of 0.38, a quick ratio of 1.04 and a debt-to-equity ratio of 33.22.
Acadian Timber (TSE:ADN - Get Free Report) last released its earnings results on Wednesday, October 30th. The company reported C$0.13 earnings per share for the quarter. Acadian Timber had a net margin of 26.53% and a return on equity of 10.06%. The business had revenue of C$25.96 million during the quarter.
Acadian Timber Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a $0.29 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.16 dividend on an annualized basis and a yield of 6.58%. Acadian Timber's dividend payout ratio (DPR) is currently 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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