Acadian Timber (TSE:ADN) Hits New 12-Month High – Here’s What Happened

by · The Markets Daily

Acadian Timber Corp. (TSE:ADN – Get Free Report)’s stock price reached a new 52-week high on Friday . The company traded as high as C$18.45 and last traded at C$18.30, with a volume of 8361 shares changing hands. The stock had previously closed at C$18.37.

Wall Street Analysts Forecast Growth

Separately, CIBC cut 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 report on Thursday, August 1st.

Read Our Latest Report on ADN

Acadian Timber Trading Down 0.4 %

The company has a current ratio of 0.38, a quick ratio of 1.04 and a debt-to-equity ratio of 33.22. The firm has a market capitalization of C$320.98 million, a P/E ratio of 9.84, a P/E/G ratio of -4.84 and a beta of 0.87. The firm has a 50-day moving average of C$17.69 and a two-hundred day moving average of C$17.54.

Acadian Timber (TSE:ADN – Get Free Report) last announced its quarterly earnings data on Wednesday, July 31st. The company reported C$0.46 earnings per share for the quarter. Acadian Timber had a return on equity of 10.06% and a net margin of 26.53%. The business had revenue of C$41.19 million during the quarter. On average, analysts anticipate that Acadian Timber Corp. will post 1.0095345 EPS for the current year.

Acadian Timber Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $1.16 annualized dividend and a dividend yield of 6.34%. Acadian Timber’s dividend payout ratio is currently 62.37%.

Acadian Timber Company Profile

(Get Free Report)

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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