Zacks: Brokerages Anticipate PotlatchDeltic (PCH) to Post $0.69 EPS

Equities analysts predict that PotlatchDeltic (NASDAQ:PCH) will post earnings per share (EPS) of $0.69 for the current quarter, according to Zacks. Two analysts have issued estimates for PotlatchDeltic’s earnings, with the lowest EPS estimate coming in at $0.63 and the highest estimate coming in at $0.72. PotlatchDeltic posted earnings per share of $0.41 during the same quarter last year, which indicates a positive year over year growth rate of 68.3%. The firm is expected to announce its next quarterly earnings report after the market closes on Thursday, May 3rd.

According to Zacks, analysts expect that PotlatchDeltic will report full year earnings of $2.98 per share for the current financial year, with EPS estimates ranging from $2.73 to $3.20. For the next financial year, analysts expect that the business will post earnings of $2.80 per share, with EPS estimates ranging from $2.36 to $3.10. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for PotlatchDeltic.

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PotlatchDeltic (NASDAQ:PCH) last released its quarterly earnings data on Monday, January 29th. The real estate investment trust reported $0.54 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.06). PotlatchDeltic had a net margin of 12.74% and a return on equity of 55.47%. The company had revenue of $175.24 million for the quarter, compared to the consensus estimate of $170.54 million.

A number of research analysts recently commented on the stock. BidaskClub downgraded shares of PotlatchDeltic from a “hold” rating to a “sell” rating in a report on Tuesday, January 23rd. Raymond James Financial raised shares of PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $54.00 price target for the company in a report on Monday, January 8th. Bank of America raised shares of PotlatchDeltic from an “underperform” rating to a “neutral” rating and set a $54.00 price target for the company in a report on Tuesday, January 2nd. BMO Capital Markets increased their price target on shares of PotlatchDeltic from $42.00 to $49.00 and gave the company a “market perform” rating in a report on Monday, February 12th. Finally, Zacks Investment Research downgraded shares of PotlatchDeltic from a “buy” rating to a “hold” rating in a report on Friday, January 5th. Three analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. PotlatchDeltic presently has a consensus rating of “Hold” and an average target price of $51.17.

Shares of NASDAQ:PCH traded down $0.30 during trading on Monday, reaching $52.35. The company’s stock had a trading volume of 392,142 shares, compared to its average volume of 686,692. The company has a current ratio of 2.58, a quick ratio of 1.91 and a debt-to-equity ratio of 2.79. PotlatchDeltic has a 12 month low of $43.15 and a 12 month high of $56.35. The company has a market cap of $2,138.17, a price-to-earnings ratio of 21.67, a PEG ratio of 3.53 and a beta of 1.30.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 30th. Shareholders of record on Wednesday, March 7th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 3.06%. The ex-dividend date was Tuesday, March 6th. PotlatchDeltic’s payout ratio is currently 67.80%.

In other PotlatchDeltic news, VP Thomas J. Temple sold 2,401 shares of the firm’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $54.41, for a total value of $130,638.41. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Jerald W. Richards sold 4,765 shares of the firm’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $54.42, for a total transaction of $259,311.30. The disclosure for this sale can be found here. In the last three months, insiders sold 173,669 shares of company stock valued at $9,001,448. 3.00% of the stock is owned by insiders.

Several large investors have recently modified their holdings of the company. ING Groep NV increased its position in shares of PotlatchDeltic by 23.2% during the fourth quarter. ING Groep NV now owns 6,128 shares of the real estate investment trust’s stock worth $306,000 after acquiring an additional 1,155 shares during the period. CoreCommodity Management LLC increased its position in shares of PotlatchDeltic by 10.6% during the fourth quarter. CoreCommodity Management LLC now owns 13,524 shares of the real estate investment trust’s stock worth $675,000 after acquiring an additional 1,299 shares during the period. Flinton Capital Management LLC increased its position in shares of PotlatchDeltic by 26.0% during the fourth quarter. Flinton Capital Management LLC now owns 6,426 shares of the real estate investment trust’s stock worth $321,000 after acquiring an additional 1,326 shares during the period. Swiss National Bank increased its position in shares of PotlatchDeltic by 2.8% during the fourth quarter. Swiss National Bank now owns 69,100 shares of the real estate investment trust’s stock worth $3,448,000 after acquiring an additional 1,900 shares during the period. Finally, SG Americas Securities LLC increased its position in shares of PotlatchDeltic by 32.8% during the fourth quarter. SG Americas Securities LLC now owns 8,521 shares of the real estate investment trust’s stock worth $425,000 after acquiring an additional 2,104 shares during the period. 89.69% of the stock is currently owned by institutional investors and hedge funds.

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About PotlatchDeltic

PotlatchDeltic Corporation (NASDAQ:PCH) is a leading Real Estate Investment Trust (REIT) that owns nearly 2 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 medium density fiberboard plant, a residential and commercial real estate development business and a rural timberland land sales program.

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