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

PotlatchDeltic (NASDAQ:PCH) released its earnings results on Monday. The real estate investment trust reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.04) by $0.08, Briefing.com reports. The firm had revenue of $255.10 million during the quarter, compared to analysts’ expectations of $241.35 million. PotlatchDeltic had a return on equity of 1.14% and a net margin of 3.45%. PotlatchDeltic’s revenue for the quarter was down 3.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.14 EPS.

PotlatchDeltic Stock Performance

Shares of NASDAQ PCH opened at $42.07 on Thursday. The company has a current ratio of 1.29, a quick ratio of 1.00 and a debt-to-equity ratio of 0.41. The stock has a 50 day simple moving average of $43.60 and a 200-day simple moving average of $42.22. The company has a market cap of $3.32 billion, a PE ratio of 91.46 and a beta of 1.13. PotlatchDeltic has a 12-month low of $37.06 and a 12-month high of $50.04.

PotlatchDeltic Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were paid a $0.45 dividend. The ex-dividend date was Friday, September 13th. This represents a $1.80 dividend on an annualized basis and a yield of 4.28%. PotlatchDeltic’s payout ratio is currently 391.31%.

Wall Street Analysts Forecast Growth

Several research firms have commented on PCH. StockNews.com raised PotlatchDeltic from a “sell” rating to a “hold” rating in a research note on Friday, August 9th. Truist Financial raised their price objective on PotlatchDeltic from $42.00 to $45.00 and gave the stock a “hold” rating in a report on Tuesday, October 15th. Royal Bank of Canada reiterated an “outperform” rating and issued a $50.00 target price on shares of PotlatchDeltic in a report on Wednesday. Finally, Bank of America raised PotlatchDeltic from a “neutral” rating to a “buy” rating and set a $51.00 target price on the stock in a research report on Thursday, September 12th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus 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.