Acadian Timber (TSE:ADN) Releases Earnings Results

Acadian Timber (TSE:ADN) posted its quarterly earnings data on Wednesday. The company reported C$2.18 earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of C$21.98 million for the quarter. Acadian Timber had a net margin of 23.17% and a return on equity of 8.55%.

Acadian Timber Stock Performance

ADN opened at C$16.64 on Thursday. The company has a current ratio of 0.43, a quick ratio of 1.04 and a debt-to-equity ratio of 32.89. Acadian Timber has a 12-month low of C$13.98 and a 12-month high of C$18.43. The firm has a 50 day moving average of C$16.14 and a two-hundred day moving average of C$16.36. The firm has a market capitalization of C$304.30 million, a PE ratio of 20.29, a P/E/G ratio of -4.84 and a beta of 0.34.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Royal Bank Of Canada cut their price target on shares of Acadian Timber from C$18.00 to C$17.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 30th. Raymond James Financial dropped their price objective on shares of Acadian Timber from C$20.00 to C$18.50 and set an “outperform” rating on the stock in a report on Thursday, October 30th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of C$17.75.

Acadian Timber Company Profile

Acadian Timber Corp is a Canada-based supplier of primary forest products in Eastern Canada and the Northeastern United States. The company’s operating segments include NB Timberlands and Maine Timberlands. It generates maximum revenue from the NB Timberlands segment. The company’s product includes softwood and hardwood sawlogs, pulpwood and biomass by-products.