PotlatchDeltic (NASDAQ:PCH) Posts Earnings Results, Beats Estimates By $0.08 EPS

PotlatchDeltic (NASDAQ:PCH) issued its quarterly earnings data on Monday. The real estate investment trust reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.08, Briefing.com reports. PotlatchDeltic had a return on equity of 1.14% and a net margin of 3.45%. The business had revenue of $255.10 million for the quarter, compared to the consensus estimate of $241.35 million. During the same period last year, the business earned $0.14 EPS. The firm’s revenue was down 3.9% compared to the same quarter last year.

PotlatchDeltic Price Performance

Shares of PCH stock opened at $40.52 on Wednesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.29 and a quick ratio of 1.00. The firm has a market cap of $3.20 billion, a price-to-earnings ratio of 88.09 and a beta of 1.13. The stock’s fifty day simple moving average is $43.58 and its 200 day simple moving average is $42.22. PotlatchDeltic has a one year low of $37.06 and a one year high of $50.04.

PotlatchDeltic Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 4.44%. The ex-dividend date was Friday, September 13th. PotlatchDeltic’s dividend payout ratio is 391.31%.

Analyst Ratings Changes

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

About PotlatchDeltic

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.