Acadian Timber (TSE:ADN) Announces Earnings Results

Acadian Timber (TSE:ADN) issued its earnings results on Wednesday. The company reported C$0.23 earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of C$24.02 million during the quarter. Acadian Timber had a return on equity of 13.35% and a net margin of 57.17%.

Acadian Timber Trading Down 0.4%

Shares of Acadian Timber stock traded down C$0.07 on Wednesday, hitting C$17.20. The stock had a trading volume of 3,659 shares, compared to its average volume of 9,344. The stock has a 50 day moving average of C$17.21 and a 200 day moving average of C$17.18. Acadian Timber has a twelve month low of C$13.98 and a twelve month high of C$18.19. The company has a debt-to-equity ratio of 32.25, a quick ratio of 1.04 and a current ratio of 0.20. The firm has a market capitalization of C$323.03 million, a P/E ratio of 6.59, a PEG ratio of -4.84 and a beta of 0.34.

About Acadian Timber

Acadian Timber Corp. (‘Acadian’) is one of the largest timberland owners in Eastern Canada and the Northeastern U.S. We own and manage 775,000 acres of freehold timberlands in New Brunswick and approximately 300,000 acres of freehold timberlands in Maine. Acadian also provides timber services relating to 1.3 million acres of Crown licensed timberlands in New Brunswick. Our primary business is the production of softwood and hardwood sawlogs, pulpwood, and biomass by-products, sold to approximately 85 regional customers.