PotlatchDeltic (PCH) Scheduled to Post Quarterly Earnings on Monday

PotlatchDeltic (NASDAQ:PCH) is set to issue its quarterly earnings data after the market closes on Monday, October 28th. Analysts expect the company to announce earnings of ($0.03) per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

PotlatchDeltic (NASDAQ:PCH) last issued its quarterly earnings results on Monday, July 29th. The real estate investment trust reported $0.17 earnings per share for the quarter, meeting the consensus estimate of $0.17. The company had revenue of $320.70 million during the quarter, compared to analysts’ expectations of $305.01 million. PotlatchDeltic had a return on equity of 1.14% and a net margin of 3.45%. The business’s quarterly revenue was up 30.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.06 earnings per share. On average, analysts expect PotlatchDeltic to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

PotlatchDeltic Trading Down 0.7 %

Shares of PCH stock opened at $42.21 on Friday. The stock has a market cap of $3.33 billion, a price-to-earnings ratio of 91.76 and a beta of 1.13. The stock has a 50-day moving average of $43.59 and a 200-day moving average of $42.30. The company has a current ratio of 1.29, a quick ratio of 1.00 and a debt-to-equity ratio of 0.41. PotlatchDeltic has a 1-year low of $37.06 and a 1-year high of $50.04.

PotlatchDeltic Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.80 annualized dividend and a yield of 4.26%. PotlatchDeltic’s dividend payout ratio is currently 391.31%.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Bank of America raised PotlatchDeltic from a “neutral” rating to a “buy” rating and set a $51.00 target price for the company in a research note on Thursday, September 12th. Truist Financial raised their target price on PotlatchDeltic from $42.00 to $45.00 and gave the stock a “hold” rating in a research note on Tuesday, October 15th. Royal Bank of Canada raised their target price on PotlatchDeltic from $46.00 to $50.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Finally, StockNews.com raised PotlatchDeltic from a “sell” rating to a “hold” rating in a research note on Friday, August 9th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $48.67.

Insider Buying and Selling at PotlatchDeltic

In other PotlatchDeltic news, VP Ashlee Townsend Cribb sold 4,114 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $43.11, for a total value of $177,354.54. Following the completion of the sale, the vice president now owns 29,039 shares of the company’s stock, valued at approximately $1,251,871.29. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 2.00% of the company’s stock.

PotlatchDeltic Company Profile

PotlatchDeltic Corporation (Nasdaq: PCH) is a leading Real Estate Investment Trust (REIT) that owns nearly 2.2 million acres of timberlands in Alabama, Arkansas, Georgia, Idaho, Louisiana, Mississippi and South Carolina. Through its taxable REIT subsidiary, the company also operates six sawmills, an industrial-grade plywood mill, a residential and commercial real estate development business and a rural timberland sales program.