Acadian Timber (TSE:ADN – Get Free Report) released its earnings results on Wednesday. The company reported C$0.07 earnings per share (EPS) for the quarter, FiscalAI reports. Acadian Timber had a return on equity of 13.97% and a net margin of 57.04%.The business had revenue of C$14.56 million for the quarter.
Acadian Timber Price Performance
ADN stock traded up C$0.10 on Wednesday, reaching C$17.74. 5,555 shares of the company’s stock were exchanged, compared to its average volume of 9,706. The stock has a fifty day moving average of C$17.61 and a 200-day moving average of C$17.18. The firm has a market cap of C$327.41 million, a PE ratio of 6.62, a P/E/G ratio of -4.84 and a beta of 0.36. The company has a quick ratio of 1.04, a current ratio of 0.85 and a debt-to-equity ratio of 30.96. Acadian Timber has a twelve month low of C$13.98 and a twelve month high of C$18.19.
Wall Street Analysts Forecast Growth
Separately, Royal Bank Of Canada boosted their price objective on shares of 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 investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$18.25.
About Acadian Timber
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.
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