PotlatchDeltic (PCH) to Release Quarterly Earnings on Monday

PotlatchDeltic (NASDAQ:PCH) is expected to post its quarterly earnings results after the market closes on Monday, January 27th. Analysts expect PotlatchDeltic to post earnings of ($0.03) per share and revenue of $240,450.00 billion for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

PotlatchDeltic (NASDAQ:PCH) last released its earnings results on Monday, October 28th. The real estate investment trust reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.08. PotlatchDeltic had a return on equity of 0.78% and a net margin of 1.56%. The company had revenue of $255.10 million for the quarter, compared to the consensus estimate of $241.35 million. During the same period in the previous year, the business earned $0.14 earnings per share. PotlatchDeltic’s quarterly revenue was down 3.9% compared to the same quarter last year. On average, analysts expect PotlatchDeltic to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

PotlatchDeltic Stock Up 1.2 %

NASDAQ PCH opened at $42.32 on Monday. The stock’s 50-day moving average price is $41.45 and its 200-day moving average price is $42.21. The company has a market capitalization of $3.33 billion, a P/E ratio of 201.52 and a beta of 1.16. PotlatchDeltic has a 52 week low of $37.06 and a 52 week high of $48.08. The company has a quick ratio of 0.93, a current ratio of 1.24 and a debt-to-equity ratio of 0.42.

PotlatchDeltic Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were paid a $0.45 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.25%. PotlatchDeltic’s dividend payout ratio (DPR) is presently 857.14%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on PCH. Truist Financial decreased their target price on PotlatchDeltic from $45.00 to $44.00 and set a “hold” rating on the stock in a research note on Monday, January 6th. Royal Bank of Canada reissued an “outperform” rating and set a $50.00 price target on shares of PotlatchDeltic in a research note on Wednesday, October 30th. BMO Capital Markets upgraded shares of PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $51.00 target price on the stock in a report on Friday, December 6th. Raymond James raised PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $45.00 target price on the stock in a research report on Monday, December 23rd. Finally, Citigroup lowered their target price on shares of PotlatchDeltic from $52.00 to $46.00 and set a “buy” rating for the company in a report on Wednesday, January 15th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $47.83.

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.