FY2024 EPS Estimates for Acadian Timber Cut by Raymond James

Acadian Timber Corp. (TSE:ADN) – Analysts at Raymond James lowered their FY2024 earnings per share (EPS) estimates for shares of Acadian Timber in a research report issued to clients and investors on Thursday, October 31st. Raymond James analyst D. Swetlishoff now anticipates that the company will post earnings of $1.19 per share for the year, down from their prior forecast of $1.21. The consensus estimate for Acadian Timber’s current full-year earnings is $1.01 per share.

Separately, CIBC lowered their target price on shares of Acadian Timber from C$22.00 to C$21.00 and set an “outperform” rating on the stock in a research note on Thursday, August 1st.

Acadian Timber Stock Performance

ADN opened at C$17.64 on Monday. Acadian Timber has a 12-month low of C$15.89 and a 12-month high of C$18.48. The company’s 50 day moving average is C$17.74 and its 200 day moving average is C$17.57. 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 company has a market cap of C$309.41 million, a price-to-earnings ratio of 9.48, a PEG ratio of -4.84 and a beta of 0.87.

Acadian Timber (TSE:ADN) last announced its quarterly earnings results on Wednesday, October 30th. The company reported C$0.13 earnings per share (EPS) for the quarter. Acadian Timber had a net margin of 26.53% and a return on equity of 10.06%. The firm had revenue of C$25.96 million for the quarter.

Acadian Timber Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 6.58%. The ex-dividend date is Tuesday, December 31st. Acadian Timber’s dividend payout ratio is presently 62.37%.

Acadian Timber Company Profile

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.