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FY2022 EPS Estimates for Acadian Timber Corp. Boosted by Analyst (TSE:ADN)

Defense World ·  Jul 30, 2022 03:01

Acadian Timber Corp. (TSE:ADN – Get Rating) – Research analysts at Raymond James lifted their FY2022 earnings estimates for shares of Acadian Timber in a research report issued to clients and investors on Thursday, July 28th. Raymond James analyst D. Swetlishoff now expects that the company will earn $1.05 per share for the year, up from their previous forecast of $0.92. Raymond James currently has a "Outperform" rating and a $21.00 target price on the stock. The consensus estimate for Acadian Timber's current full-year earnings is $0.99 per share.

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Acadian Timber (TSE:ADN – Get Rating) last posted its earnings results on Wednesday, May 4th. The company reported C$0.25 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of C$0.35 by C($0.10). The company had revenue of C$26.63 million for the quarter.

Other analysts also recently issued reports about the stock. Royal Bank of Canada reduced their price target on shares of Acadian Timber from C$18.00 to C$17.00 and set a "sector perform" rating for the company in a report on Friday. Scotiabank reduced their price target on shares of Acadian Timber from C$18.25 to C$17.00 in a report on Thursday. Finally, CIBC raised shares of Acadian Timber from an "underperform" rating to a "neutral" rating and raised their price objective for the stock from C$17.00 to C$18.00 in a report on Friday, July 8th.

Acadian Timber Price Performance

Shares of Acadian Timber stock opened at C$17.00 on Friday. The company has a debt-to-equity ratio of 34.28, a current ratio of 1.31 and a quick ratio of 1.11. Acadian Timber has a fifty-two week low of C$16.01 and a fifty-two week high of C$19.83. The firm has a fifty day moving average price of C$17.35 and a two-hundred day moving average price of C$18.46. The company has a market cap of C$284.68 million and a PE ratio of 16.67.

Acadian Timber Company Profile

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Acadian Timber Corp. supplies primary forest products in Eastern Canada and the Northeastern United States. The company operates through 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 timber services relating to approximately 1.3 million acres of Crown licensed timberlands in New Brunswick.

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