$0.06 Earnings Per Share Expected for Potlatchdeltic Corp (PCH) This Quarter

Equities analysts expect Potlatchdeltic Corp (NASDAQ:PCH) to report earnings of $0.06 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Potlatchdeltic’s earnings, with the highest EPS estimate coming in at $0.08 and the lowest estimate coming in at $0.03. Potlatchdeltic reported earnings of $0.69 per share in the same quarter last year, which would indicate a negative year over year growth rate of 91.3%. The company is expected to report its next earnings results after the market closes on Monday, April 29th.

According to Zacks, analysts expect that Potlatchdeltic will report full-year earnings of $0.96 per share for the current financial year, with EPS estimates ranging from $0.85 to $1.08. For the next year, analysts forecast that the company will report earnings of $1.26 per share, with EPS estimates ranging from $1.15 to $1.35. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover Potlatchdeltic.

Potlatchdeltic (NASDAQ:PCH) last issued its quarterly earnings data on Monday, February 4th. The real estate investment trust reported $0.04 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.01. Potlatchdeltic had a return on equity of 10.87% and a net margin of 12.61%. The company had revenue of $217.25 million during the quarter, compared to analyst estimates of $225.86 million. During the same quarter in the previous year, the firm earned $0.62 earnings per share.

A number of brokerages recently commented on PCH. Zacks Investment Research upgraded Potlatchdeltic from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. ValuEngine downgraded Potlatchdeltic from a “hold” rating to a “sell” rating in a report on Wednesday, January 2nd. Vertical Research upgraded Potlatchdeltic from a “hold” rating to a “buy” rating in a report on Monday, January 7th. Raymond James downgraded Potlatchdeltic from an “outperform” rating to a “mkt perform” rating in a report on Tuesday, January 8th. Finally, BidaskClub upgraded Potlatchdeltic from a “strong sell” rating to a “sell” rating in a report on Wednesday, February 20th. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $43.98.

PCH traded up $0.33 during midday trading on Friday, hitting $38.48. The stock had a trading volume of 32,912 shares, compared to its average volume of 519,444. The firm has a market cap of $2.63 billion, a P/E ratio of 16.68, a P/E/G ratio of 8.08 and a beta of 1.33. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.92 and a quick ratio of 1.48. Potlatchdeltic has a 1 year low of $28.07 and a 1 year high of $53.60.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 8th were issued a $0.40 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $1.60 dividend on an annualized basis and a yield of 4.16%. Potlatchdeltic’s dividend payout ratio (DPR) is 70.18%.

In other Potlatchdeltic news, COO Eric J. Cremers sold 11,644 shares of the stock in a transaction on Friday, February 15th. The stock was sold at an average price of $35.01, for a total value of $407,656.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Thomas J. Temple sold 4,618 shares of the stock in a transaction on Friday, February 15th. The stock was sold at an average price of $35.01, for a total value of $161,676.18. The disclosure for this sale can be found here. In the last quarter, insiders sold 66,374 shares of company stock valued at $2,323,754. 3.00% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in Potlatchdeltic by 6.7% during the 3rd quarter. Vanguard Group Inc. now owns 8,698,996 shares of the real estate investment trust’s stock valued at $356,224,000 after buying an additional 544,732 shares in the last quarter. Vanguard Group Inc lifted its position in shares of Potlatchdeltic by 6.7% in the 3rd quarter. Vanguard Group Inc now owns 8,698,996 shares of the real estate investment trust’s stock valued at $356,224,000 after acquiring an additional 544,732 shares in the last quarter. BlackRock Inc. lifted its position in Potlatchdeltic by 8.5% in the 3rd quarter. BlackRock Inc. now owns 8,537,689 shares of the real estate investment trust’s stock worth $349,616,000 after buying an additional 666,586 shares in the last quarter. FMR LLC lifted its position in Potlatchdeltic by 199.1% in the 4th quarter. FMR LLC now owns 1,499,399 shares of the real estate investment trust’s stock worth $47,440,000 after buying an additional 998,147 shares in the last quarter. Finally, Northern Trust Corp lifted its position in Potlatchdeltic by 6.0% in the 4th quarter. Northern Trust Corp now owns 1,435,510 shares of the real estate investment trust’s stock worth $45,419,000 after buying an additional 81,310 shares in the last quarter. Institutional investors and hedge funds own 88.36% of the company’s stock.

Potlatchdeltic Company Profile

PotlatchDeltic (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 sales program.

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Earnings History and Estimates for Potlatchdeltic (NASDAQ:PCH)

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