PotlatchDeltic (PCH) Set to Announce Quarterly Earnings on Monday

PotlatchDeltic (NASDAQ:PCH) is scheduled to be announcing 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. Individual interested in participating in 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, hitting analysts’ consensus estimates of $0.17. PotlatchDeltic had a return on equity of 1.14% and a net margin of 3.45%. The company had revenue of $320.70 million during the quarter, compared to the consensus estimate of $305.01 million. During the same period in the previous year, the business earned $0.06 EPS. PotlatchDeltic’s revenue for the quarter was up 30.3% on a year-over-year basis. 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 %

PCH opened at $42.21 on Friday. 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 has a one year low of $37.06 and a one year high of $50.04. The company has a market cap of $3.33 billion, a P/E ratio of 91.76 and a beta of 1.13. The business’s 50-day simple moving average is $43.59 and its 200-day simple moving average is $42.27.

PotlatchDeltic Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.26%. The ex-dividend date was Friday, September 13th. PotlatchDeltic’s dividend payout ratio (DPR) is 391.31%.

Insider Activity

In other news, VP Ashlee Townsend Cribb sold 4,114 shares of PotlatchDeltic stock in a transaction that occurred 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 completion of the sale, the vice president now directly owns 29,039 shares in the company, valued at approximately $1,251,871.29. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.00% of the company’s stock.

Analyst Ratings Changes

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