Raymond James Predicts Increased Earnings for Acadian Timber

Acadian Timber Corp. (TSE:ADN) – Equities research analysts at Raymond James increased their FY2024 EPS estimates for shares of Acadian Timber in a report issued on Monday, October 21st. Raymond James analyst D. Swetlishoff now forecasts that the company will post earnings of $1.21 per share for the year, up from their prior forecast of $1.12. The consensus estimate for Acadian Timber’s current full-year earnings is $1.01 per share.

Separately, CIBC decreased their price objective on Acadian Timber from C$22.00 to C$21.00 and set an “outperform” rating on the stock in a report on Thursday, August 1st.

Acadian Timber Trading Up 0.8 %

Shares of ADN stock opened at C$18.37 on Thursday. The business has a 50-day moving average price of C$17.68 and a two-hundred day moving average price of C$17.53. Acadian Timber has a 12-month low of C$15.50 and a 12-month high of C$18.45. The company has a quick ratio of 1.04, a current ratio of 0.38 and a debt-to-equity ratio of 33.22. The firm has a market cap of C$322.21 million, a P/E ratio of 9.88, a price-to-earnings-growth ratio of -4.84 and a beta of 0.87.

Acadian Timber (TSE:ADN) last posted its quarterly earnings data on Wednesday, July 31st. The company reported C$0.46 earnings per share (EPS) for the quarter. The company had revenue of C$41.19 million during the quarter. Acadian Timber had a net margin of 26.53% and a return on equity of 10.06%.

Acadian Timber Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th were given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 6.31%. The ex-dividend date was Friday, September 27th. Acadian Timber’s payout ratio is presently 62.37%.

About Acadian Timber

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.