Brokerages Anticipate PotlatchDeltic Co. (NASDAQ:PCH) Will Post Earnings of $1.07 Per Share

Wall Street analysts predict that PotlatchDeltic Co. (NASDAQ:PCH) will announce earnings per share of $1.07 for the current quarter, Zacks reports. Two analysts have provided estimates for PotlatchDeltic’s earnings, with the highest EPS estimate coming in at $1.35 and the lowest estimate coming in at $0.71. PotlatchDeltic posted earnings of $1.20 per share during the same quarter last year, which would indicate a negative year over year growth rate of 10.8%. The company is expected to announce its next earnings results on Monday, October 25th.

On average, analysts expect that PotlatchDeltic will report full year earnings of $6.56 per share for the current fiscal year, with EPS estimates ranging from $6.43 to $6.70. For the next financial year, analysts forecast that the firm will report earnings of $3.40 per share, with EPS estimates ranging from $2.75 to $4.05. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover PotlatchDeltic.

PotlatchDeltic (NASDAQ:PCH) last released its earnings results on Sunday, July 25th. The real estate investment trust reported $2.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.66 by $0.11. PotlatchDeltic had a return on equity of 35.78% and a net margin of 34.43%. During the same quarter last year, the firm earned $0.04 EPS.

PCH has been the subject of several research analyst reports. Raymond James reduced their target price on PotlatchDeltic from $75.00 to $70.00 and set a “strong-buy” rating for the company in a research note on Friday, August 27th. Zacks Investment Research raised shares of PotlatchDeltic from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 7th. Four analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. According to MarketBeat, PotlatchDeltic has a consensus rating of “Hold” and an average price target of $65.33.

Shares of PCH stock opened at $53.02 on Wednesday. The company has a fifty day moving average price of $51.87 and a two-hundred day moving average price of $54.62. PotlatchDeltic has a one year low of $38.46 and a one year high of $65.67. The stock has a market cap of $3.55 billion, a P/E ratio of 7.17 and a beta of 1.28. The company has a debt-to-equity ratio of 0.44, a current ratio of 4.53 and a quick ratio of 4.03.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 30th. Investors of record on Wednesday, September 15th will be given a dividend of $0.41 per share. The ex-dividend date of this dividend is Tuesday, September 14th. This represents a $1.64 annualized dividend and a yield of 3.09%. PotlatchDeltic’s dividend payout ratio is 55.78%.

A number of large investors have recently made changes to their positions in PCH. Victory Capital Management Inc. grew its position in PotlatchDeltic by 18.1% in the second quarter. Victory Capital Management Inc. now owns 48,038 shares of the real estate investment trust’s stock valued at $2,553,000 after acquiring an additional 7,361 shares during the last quarter. Duality Advisers LP boosted its stake in shares of PotlatchDeltic by 161.0% in the 2nd quarter. Duality Advisers LP now owns 52,810 shares of the real estate investment trust’s stock valued at $2,807,000 after purchasing an additional 32,574 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in shares of PotlatchDeltic by 24.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 216,829 shares of the real estate investment trust’s stock valued at $11,514,000 after purchasing an additional 42,567 shares during the last quarter. RMB Capital Management LLC increased its position in PotlatchDeltic by 8.9% during the 1st quarter. RMB Capital Management LLC now owns 229,468 shares of the real estate investment trust’s stock worth $12,143,000 after purchasing an additional 18,733 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its stake in PotlatchDeltic by 467.1% in the 2nd quarter. O Shaughnessy Asset Management LLC now owns 9,766 shares of the real estate investment trust’s stock valued at $519,000 after purchasing an additional 8,044 shares during the last quarter. 82.60% of the stock is currently owned by institutional investors and hedge funds.

PotlatchDeltic Company Profile

PotlatchDeltic Corp. operates as a real estate investment trust. The firm engages in the ownership and management of acres of timberlands. It operates through the following segments: Timberlands, Wood Products and Real Estate. The Timberland segment sells delivered logs, pulpwood, sawlogs, and stumpage.

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