Wall Street analysts expect that Potlatchdeltic Corp (NASDAQ:PCH) will post sales of $188.10 million for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Potlatchdeltic’s earnings, with estimates ranging from $174.00 million to $210.20 million. Potlatchdeltic reported sales of $199.90 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 5.9%. The business is expected to issue its next earnings results after the market closes on Monday, April 29th.
According to Zacks, analysts expect that Potlatchdeltic will report full year sales of $915.31 million for the current financial year, with estimates ranging from $867.13 million to $997.80 million. For the next financial year, analysts expect that the company will report sales of $938.26 million, with estimates ranging from $900.51 million to $976.00 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Potlatchdeltic.
Potlatchdeltic (NASDAQ:PCH) last posted its earnings results on Monday, February 4th. The real estate investment trust reported $0.04 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.01. The company had revenue of $217.25 million for the quarter, compared to analyst estimates of $225.86 million. Potlatchdeltic had a net margin of 12.61% and a return on equity of 10.87%. During the same period last year, the business posted $0.62 earnings per share.
In related news, VP Thomas J. Temple sold 4,618 shares of the firm’s stock in a transaction on Friday, February 15th. The shares were sold at an average price of $35.01, for a total value of $161,676.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Jerald W. Richards sold 9,390 shares of the firm’s stock in a transaction on Friday, February 15th. The shares were sold at an average price of $35.01, for a total transaction of $328,743.90. The disclosure for this sale can be found here. In the last ninety days, insiders sold 66,374 shares of company stock valued at $2,323,754. 3.00% of the stock is owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in PCH. Oregon Public Employees Retirement Fund grew its position in Potlatchdeltic by 3,277.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 834,758 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 810,044 shares in the last quarter. Advisor Group Inc. grew its position in Potlatchdeltic by 107.8% in the fourth quarter. Advisor Group Inc. now owns 1,253 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 650 shares in the last quarter. American Research & Management Co. bought a new position in shares of Potlatchdeltic in the 1st quarter valued at about $57,000. Oppenheimer Asset Management Inc. bought a new position in shares of Potlatchdeltic in the 4th quarter valued at about $101,000. Finally, LS Investment Advisors LLC grew its position in shares of Potlatchdeltic by 10.3% in the 4th quarter. LS Investment Advisors LLC now owns 3,729 shares of the real estate investment trust’s stock valued at $118,000 after acquiring an additional 348 shares during the period. 88.36% of the stock is owned by institutional investors and hedge funds.
PCH traded down $0.12 during mid-day trading on Friday, hitting $38.23. The stock had a trading volume of 709,656 shares, compared to its average volume of 492,584. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.48 and a current ratio of 1.92. The firm has a market cap of $2.59 billion, a PE ratio of 16.77, a price-to-earnings-growth ratio of 8.08 and a beta of 1.33. Potlatchdeltic has a 1-year low of $28.07 and a 1-year high of $53.10.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 8th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 4.19%. The ex-dividend date of this dividend was Thursday, March 7th. Potlatchdeltic’s dividend payout ratio (DPR) is currently 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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