Acadian Timber (TSE:ADN) is set to issue its quarterly earnings data after the market closes on Wednesday, October 31st.
Acadian Timber (TSE:ADN) last announced its earnings results on Wednesday, August 1st. The company reported C$0.11 earnings per share (EPS) for the quarter. The firm had revenue of C$16.10 million during the quarter. Acadian Timber had a net margin of 61.85% and a return on equity of 18.43%.
Shares of ADN opened at C$17.37 on Tuesday. Acadian Timber has a 52-week low of C$16.82 and a 52-week high of C$20.24.
Separately, CIBC upgraded shares of Acadian Timber from an “underperform” rating to a “neutral” rating and raised their price objective for the company from C$19.00 to C$20.00 in a research report on Thursday, July 12th.
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 approximately 1.1 million acres of freehold timberlands in New Brunswick and Maine; and provides management services relating to approximately 1.3 million acres of Crown licensed timberlands.
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