Acadian Timber FY2024 EPS Forecast Boosted by Raymond James

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

Separately, CIBC cut their price target on 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

Shares of ADN stock opened at C$18.23 on Thursday. The business’s 50-day moving average price is C$17.66 and its 200-day moving average price is C$17.52. Acadian Timber has a 12 month low of C$15.50 and a 12 month high of C$18.45. The firm has a market capitalization of C$319.75 million, a price-to-earnings ratio of 9.80, a PEG ratio of -4.84 and a beta of 0.87. The company has a current ratio of 0.38, a quick ratio of 1.04 and a debt-to-equity ratio of 33.22.

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

Acadian Timber Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders 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 dividend on an annualized basis and a dividend yield of 6.36%. Acadian Timber’s dividend payout ratio (DPR) is 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.