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

PotlatchDeltic (NASDAQ:PCH - Get Free Report) announced its earnings results on Monday. The real estate investment trust reported $0.04 earnings per share for the quarter, topping analysts' consensus estimates of ($0.04) by $0.08, Briefing.com reports. PotlatchDeltic had a return on equity of 1.14% and a net margin of 3.45%. The firm had revenue of $255.10 million for the quarter, compared to the consensus estimate of $241.35 million. During the same quarter in the previous year, the business earned $0.14 EPS. The company's revenue was down 3.9% compared to the same quarter last year.

PotlatchDeltic Stock Performance

PCH stock traded down $1.78 during midday trading on Tuesday, reaching $40.52. 807,648 shares of the company's stock traded hands, compared to its average volume of 434,239. The company has a 50-day moving average price of $43.58 and a two-hundred day moving average price of $42.22. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.00 and a current ratio of 1.29. PotlatchDeltic has a 52 week low of $37.06 and a 52 week high of $50.04. The firm has a market capitalization of $3.20 billion, a PE ratio of 88.09 and a beta of 1.13.

PotlatchDeltic Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.80 dividend on an annualized basis and a yield of 4.44%. PotlatchDeltic's payout ratio is 391.31%.

Analyst Upgrades and Downgrades

Several research firms recently commented on PCH. Truist Financial upped their price objective on PotlatchDeltic from $42.00 to $45.00 and gave the company a "hold" rating in a research note on Tuesday, October 15th. Royal Bank of Canada upped their price objective on PotlatchDeltic from $46.00 to $50.00 and gave the company an "outperform" rating in a research note on Wednesday, July 31st. Bank of America upgraded PotlatchDeltic from a "neutral" rating to a "buy" rating and set a $51.00 price objective on the stock in a research note on Thursday, September 12th. Finally, StockNews.com upgraded PotlatchDeltic from a "sell" rating to a "hold" rating in a research note on Friday, August 9th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $48.67.

PotlatchDeltic Company Profile

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.