Acadian Timber (TSE:ADN) Posts Quarterly Earnings Results

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

Acadian Timber Stock Down 1.6%

ADN stock traded down C$0.29 on Thursday, hitting C$17.45. 1,051 shares of the company’s stock were exchanged, compared to its average volume of 9,648. The firm has a 50 day moving average price of C$17.61 and a two-hundred day moving average price of C$17.19. Acadian Timber has a 12-month low of C$13.98 and a 12-month high of C$18.19. The stock has a market cap of C$322.06 million, a P/E ratio of 6.51, a price-to-earnings-growth ratio of -4.84 and a beta of 0.36. The company has a debt-to-equity ratio of 30.96, a quick ratio of 1.04 and a current ratio of 0.85.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada lifted their target price on Acadian Timber from C$17.00 to C$18.00 and gave the company a “sector perform” rating in a research note on Thursday, April 16th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.