Acadian Timber (TSE:ADN) Posts Earnings Results

Acadian Timber (TSE:ADN) announced its quarterly earnings data on Wednesday. The company reported C$0.07 EPS for the quarter, FiscalAI reports. Acadian Timber had a net margin of 57.04% and a return on equity of 13.97%. The firm had revenue of C$14.56 million during the quarter.

Acadian Timber Price Performance

Shares of Acadian Timber stock opened at C$17.43 on Friday. The business’s fifty day moving average price is C$17.60 and its 200 day moving average price is C$17.20. Acadian Timber has a twelve month low of C$13.98 and a twelve month high of C$18.19. The company has a current ratio of 0.85, a quick ratio of 1.04 and a debt-to-equity ratio of 30.96. The stock has a market capitalization of C$321.69 million, a P/E ratio of 6.50, a PEG ratio of -4.84 and a beta of 0.36.

Analyst Ratings Changes

Separately, Royal Bank Of Canada lifted 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 report on Thursday, April 16th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of C$18.25.

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.