Wall Street analysts predict that PotlatchDeltic Co. (NASDAQ:PCH) will announce sales of $364.45 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for PotlatchDeltic’s earnings, with the lowest sales estimate coming in at $350.00 million and the highest estimate coming in at $378.90 million. PotlatchDeltic posted sales of $181.56 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 100.7%. The firm is scheduled to report its next earnings results on Monday, July 26th.
On average, analysts expect that PotlatchDeltic will report full year sales of $1.23 billion for the current fiscal year, with estimates ranging from $1.19 billion to $1.27 billion. For the next financial year, analysts expect that the firm will report sales of $1.01 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that cover PotlatchDeltic.
PotlatchDeltic (NASDAQ:PCH) last issued its quarterly earnings results on Sunday, April 25th. The real estate investment trust reported $1.94 earnings per share for the quarter, beating analysts’ consensus estimates of $1.76 by $0.18. PotlatchDeltic had a net margin of 8.62% and a return on equity of 9.37%. The firm had revenue of $354.20 million during the quarter, compared to the consensus estimate of $331.65 million. During the same period in the prior year, the firm earned ($0.25) EPS. The business’s revenue was up 69.6% on a year-over-year basis.
PCH has been the subject of a number of recent research reports. Royal Bank of Canada restated a “sector perform” rating and issued a $65.00 price objective (up previously from $58.00) on shares of PotlatchDeltic in a research note on Tuesday. DA Davidson reissued a “neutral” rating on shares of PotlatchDeltic in a report on Tuesday, March 23rd. Raymond James increased their price objective on shares of PotlatchDeltic from $61.00 to $79.00 and gave the stock a “strong-buy” rating in a report on Monday. Finally, BMO Capital Markets reissued a “market perform” rating and set a $61.00 price objective (up previously from $58.00) on shares of PotlatchDeltic in a report on Tuesday. Four research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $58.20.
Shares of PCH stock opened at $59.97 on Wednesday. PotlatchDeltic has a 52-week low of $29.12 and a 52-week high of $63.99. The stock has a market cap of $4.02 billion, a price-to-earnings ratio of 51.70 and a beta of 1.34. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.37 and a current ratio of 1.73. The firm has a fifty day moving average of $56.44 and a 200-day moving average of $50.68.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 31st. Investors of record on Friday, March 5th were paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 2.73%. The ex-dividend date of this dividend was Thursday, March 4th. PotlatchDeltic’s payout ratio is 205.00%.
In related news, VP Darin Robert Ball sold 3,115 shares of PotlatchDeltic stock in a transaction that occurred on Tuesday, February 16th. The shares were sold at an average price of $53.13, for a total transaction of $165,499.95. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Eric J. Cremers sold 6,568 shares of the firm’s stock in a transaction that occurred on Tuesday, February 16th. The stock was sold at an average price of $41.65, for a total transaction of $273,557.20. The disclosure for this sale can be found here. Insiders have sold a total of 131,643 shares of company stock worth $7,625,589 in the last three months. 3.00% of the stock is owned by insiders.
A number of hedge funds have recently made changes to their positions in PCH. Hillsdale Investment Management Inc. raised its holdings in shares of PotlatchDeltic by 1.5% in the first quarter. Hillsdale Investment Management Inc. now owns 19,990 shares of the real estate investment trust’s stock valued at $1,058,000 after purchasing an additional 290 shares during the last quarter. Great Lakes Advisors LLC increased its holdings in PotlatchDeltic by 2.6% during the first quarter. Great Lakes Advisors LLC now owns 11,592 shares of the real estate investment trust’s stock worth $613,000 after buying an additional 292 shares during the last quarter. Baker Ellis Asset Management LLC increased its holdings in PotlatchDeltic by 4.9% during the fourth quarter. Baker Ellis Asset Management LLC now owns 8,546 shares of the real estate investment trust’s stock worth $427,000 after buying an additional 400 shares during the last quarter. Gamco Investors INC. ET AL increased its holdings in PotlatchDeltic by 1.8% during the fourth quarter. Gamco Investors INC. ET AL now owns 22,981 shares of the real estate investment trust’s stock worth $1,150,000 after buying an additional 400 shares during the last quarter. Finally, State of Michigan Retirement System increased its holdings in PotlatchDeltic by 1.6% during the first quarter. State of Michigan Retirement System now owns 24,793 shares of the real estate investment trust’s stock worth $1,312,000 after buying an additional 400 shares during the last quarter. Hedge funds and other institutional investors own 82.55% of the company’s stock.
PotlatchDeltic (NASDAQ:PCH) is a leading Real Estate Investment Trust (REIT) that owns 1.8 million acres of timberlands in Alabama, Arkansas, Idaho, Louisiana, Minnesota and Mississippi. 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.
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