$195.15 Million in Sales Expected for Potlatchdeltic Corp (PCH) This Quarter

Equities research analysts predict that Potlatchdeltic Corp (NASDAQ:PCH) will report sales of $195.15 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Potlatchdeltic’s earnings, with the lowest sales estimate coming in at $180.10 million and the highest estimate coming in at $210.20 million. Potlatchdeltic reported sales of $199.90 million in the same quarter last year, which would suggest a negative year over year growth rate of 2.4%. The company is expected to issue its next quarterly earnings results on Thursday, May 2nd.

According to Zacks, analysts expect that Potlatchdeltic will report full year sales of $932.47 million for the current year, with estimates ranging from $867.13 million to $997.80 million. For the next financial year, analysts forecast that the firm will report sales of $900.51 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Potlatchdeltic.

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

A number of equities research analysts recently commented on PCH shares. BMO Capital Markets upgraded shares of Potlatchdeltic from a “market perform” rating to an “outperform” rating and set a $44.00 price objective for the company in a research report on Monday, March 11th. Vertical Research upgraded shares of Potlatchdeltic from a “hold” rating to a “buy” rating in a research report on Monday, January 7th. Raymond James downgraded shares of Potlatchdeltic from an “outperform” rating to a “mkt perform” rating in a research report on Tuesday, January 8th. ValuEngine downgraded shares of Potlatchdeltic from a “hold” rating to a “sell” rating in a research report on Wednesday, January 2nd. Finally, BidaskClub downgraded shares of Potlatchdeltic from a “sell” rating to a “strong sell” rating in a research report on Saturday, December 1st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $49.50.

In other news, CEO Michael J. Covey sold 40,722 shares of Potlatchdeltic stock in a transaction that occurred on Friday, February 15th. The shares were sold at an average price of $35.01, for a total transaction of $1,425,677.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Thomas J. Temple sold 4,618 shares of Potlatchdeltic stock in a transaction that occurred on Friday, February 15th. The shares were sold at an average price of $35.01, for a total transaction of $161,676.18. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 66,374 shares of company stock valued at $2,323,754. Insiders own 3.00% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. LS Investment Advisors LLC increased its stake in shares of Potlatchdeltic by 10.3% during the 4th quarter. LS Investment Advisors LLC now owns 3,729 shares of the real estate investment trust’s stock worth $118,000 after purchasing an additional 348 shares in the last quarter. Forsta AP Fonden increased its stake in shares of Potlatchdeltic by 6.8% during the 4th quarter. Forsta AP Fonden now owns 6,085 shares of the real estate investment trust’s stock worth $193,000 after purchasing an additional 385 shares in the last quarter. 6 Meridian increased its stake in shares of Potlatchdeltic by 3.6% during the 4th quarter. 6 Meridian now owns 11,372 shares of the real estate investment trust’s stock worth $360,000 after purchasing an additional 395 shares in the last quarter. Wealthcare Advisory Partners LLC increased its stake in shares of Potlatchdeltic by 9.5% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 4,546 shares of the real estate investment trust’s stock worth $144,000 after purchasing an additional 395 shares in the last quarter. Finally, Neuburgh Advisers LLC increased its stake in shares of Potlatchdeltic by 6.5% during the 4th quarter. Neuburgh Advisers LLC now owns 7,172 shares of the real estate investment trust’s stock worth $227,000 after purchasing an additional 440 shares in the last quarter. 88.36% of the stock is owned by institutional investors and hedge funds.

NASDAQ:PCH traded up $0.39 during mid-day trading on Friday, reaching $37.79. The stock had a trading volume of 766,070 shares, compared to its average volume of 492,566. The company has a quick ratio of 1.48, a current ratio of 1.92 and a debt-to-equity ratio of 0.54. The company has a market cap of $2.42 billion, a P/E ratio of 16.57, a PEG ratio of 6.43 and a beta of 1.33. Potlatchdeltic has a twelve month low of $28.07 and a twelve month high of $53.60.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 8th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, March 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.23%. Potlatchdeltic’s payout ratio is 70.18%.

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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