Zacks: Brokerages Anticipate PotlatchDeltic (PCH) Will Announce Quarterly Sales of $168.68 Million
Wall Street brokerages expect PotlatchDeltic (NASDAQ:PCH) to announce $168.68 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for PotlatchDeltic’s earnings, with the highest sales estimate coming in at $170.26 million and the lowest estimate coming in at $167.10 million. PotlatchDeltic posted sales of $149.68 million in the same quarter last year, which suggests a positive year over year growth rate of 12.7%. The firm is expected to report its next quarterly earnings report after the market closes on Thursday, May 3rd.
On average, analysts expect that PotlatchDeltic will report full year sales of $842.49 million for the current financial year, with estimates ranging from $724.40 million to $960.59 million. For the next financial year, analysts expect that the business will report sales of $876.77 million per share, with estimates ranging from $737.60 million to $1.02 billion. Zacks’ sales averages are an average based on a survey of analysts that cover PotlatchDeltic.
PotlatchDeltic (NASDAQ:PCH) last announced its quarterly earnings results on Monday, January 29th. The real estate investment trust reported $0.54 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.60 by ($0.06). The business had revenue of $175.24 million during the quarter, compared to analyst estimates of $170.54 million. PotlatchDeltic had a net margin of 12.74% and a return on equity of 55.47%.
In other PotlatchDeltic news, VP William R. Dereu sold 3,690 shares of the stock in a transaction on Thursday, March 15th. The stock was sold at an average price of $51.83, for a total value of $191,252.70. Following the completion of the transaction, the vice president now owns 26,895 shares in the company, valued at $1,393,967.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Thomas J. Temple sold 2,401 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $54.41, for a total value of $130,638.41. The disclosure for this sale can be found here. Insiders have sold 173,669 shares of company stock valued at $9,001,448 in the last 90 days. Company insiders own 3.00% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the business. BlackRock Inc. increased its position in shares of PotlatchDeltic by 2.4% in the fourth quarter. BlackRock Inc. now owns 5,067,179 shares of the real estate investment trust’s stock valued at $252,853,000 after buying an additional 118,587 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of PotlatchDeltic by 19.4% in the fourth quarter. Renaissance Technologies LLC now owns 2,113,953 shares of the real estate investment trust’s stock valued at $105,486,000 after buying an additional 344,100 shares in the last quarter. American Century Companies Inc. increased its position in shares of PotlatchDeltic by 43.6% in the fourth quarter. American Century Companies Inc. now owns 1,258,456 shares of the real estate investment trust’s stock valued at $62,797,000 after buying an additional 382,281 shares in the last quarter. Millennium Management LLC increased its position in shares of PotlatchDeltic by 230.6% in the fourth quarter. Millennium Management LLC now owns 901,562 shares of the real estate investment trust’s stock valued at $44,988,000 after buying an additional 628,836 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of PotlatchDeltic by 12.3% in the fourth quarter. Bank of New York Mellon Corp now owns 773,941 shares of the real estate investment trust’s stock valued at $38,619,000 after buying an additional 85,048 shares in the last quarter. Hedge funds and other institutional investors own 89.73% of the company’s stock.
Shares of PCH stock traded down $0.25 during trading hours on Friday, hitting $52.05. The stock had a trading volume of 288,488 shares, compared to its average volume of 644,041. The company has a market capitalization of $2,117.86, a P/E ratio of 22.12, a PEG ratio of 3.52 and a beta of 1.31. PotlatchDeltic has a twelve month low of $43.15 and a twelve month high of $56.35. The company has a current ratio of 2.58, a quick ratio of 1.91 and a debt-to-equity ratio of 2.79.
The business also recently declared a quarterly dividend, which was paid on Friday, March 30th. Stockholders of record on Wednesday, March 7th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 3.07%. The ex-dividend date was Tuesday, March 6th. PotlatchDeltic’s dividend payout ratio (DPR) is presently 67.80%.
PotlatchDeltic Company Profile
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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