PotlatchDeltic (PCH) Set to Announce Quarterly Earnings on Monday

PotlatchDeltic (NASDAQ:PCH) is set to release its earnings data after the market closes on Monday, April 29th. Analysts expect PotlatchDeltic to post earnings of ($0.01) per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

PotlatchDeltic Stock Performance

NASDAQ PCH opened at $41.05 on Friday. The firm’s fifty day moving average price is $44.70 and its two-hundred day moving average price is $45.65. The stock has a market cap of $3.26 billion, a PE ratio of 53.31 and a beta of 1.15. PotlatchDeltic has a fifty-two week low of $40.47 and a fifty-two week high of $54.44. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.14 and a current ratio of 1.44.

PotlatchDeltic Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 8th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.38%. PotlatchDeltic’s payout ratio is presently 233.77%.

Insider Activity

In related news, VP Michele Tyler sold 3,968 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $45.14, for a total transaction of $179,115.52. Following the sale, the vice president now directly owns 31,864 shares in the company, valued at approximately $1,438,340.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Eric J. Cremers sold 17,591 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $45.13, for a total transaction of $793,881.83. Following the sale, the chief executive officer now directly owns 241,111 shares in the company, valued at approximately $10,881,339.43. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Michele Tyler sold 3,968 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $45.14, for a total transaction of $179,115.52. Following the sale, the vice president now owns 31,864 shares in the company, valued at $1,438,340.96. The disclosure for this sale can be found here. Insiders sold 23,124 shares of company stock valued at $1,043,626 in the last three months. Company insiders own 2.00% of the company’s stock.

Wall Street Analyst Weigh In

PCH has been the topic of a number of recent research reports. Royal Bank of Canada reiterated a “sector perform” rating and set a $48.00 price target on shares of PotlatchDeltic in a report on Wednesday, January 31st. Truist Financial dropped their price objective on shares of PotlatchDeltic from $51.00 to $49.00 and set a “hold” rating on the stock in a report on Wednesday, January 31st. Four equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $51.33.

About PotlatchDeltic

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.