PotlatchDeltic (PCH) Scheduled to Post Earnings on Monday

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

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

PotlatchDeltic Price Performance

Shares of NASDAQ:PCH opened at $43.97 on Monday. The firm has a market cap of $3.50 billion, a PE ratio of 77.14 and a beta of 1.13. PotlatchDeltic has a 52 week low of $37.06 and a 52 week high of $50.04. The firm’s fifty day moving average is $43.45 and its 200-day moving average is $42.38. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.00 and a current ratio of 1.29.

PotlatchDeltic Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 4.09%. The ex-dividend date of this dividend was Friday, September 13th. PotlatchDeltic’s payout ratio is presently 315.79%.

Insider Buying and Selling at PotlatchDeltic

In related news, VP Ashlee Townsend Cribb sold 4,114 shares of the stock in a transaction on Monday, July 29th. The shares were sold at an average price of $43.11, for a total transaction of $177,354.54. Following the transaction, the vice president now directly owns 29,039 shares of the company’s stock, valued at $1,251,871.29. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.00% of the company’s stock.

Analysts Set New Price Targets

PCH has been the subject of a number of analyst reports. Royal Bank of Canada raised their price objective on PotlatchDeltic from $46.00 to $50.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Bank of America upgraded shares of PotlatchDeltic from a “neutral” rating to a “buy” rating and set a $51.00 price target on the stock in a research report on Thursday, September 12th. StockNews.com upgraded shares of PotlatchDeltic from a “sell” rating to a “hold” rating in a research report on Friday, August 9th. Finally, Truist Financial lifted their target price on shares of PotlatchDeltic from $42.00 to $45.00 and gave the stock a “hold” rating in a research note on Tuesday, October 15th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $48.67.

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.