Wall Street analysts forecast that Potlatchdeltic Corp (NASDAQ:PCH) will report $240.23 million in sales for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Potlatchdeltic’s earnings, with the highest sales estimate coming in at $243.60 million and the lowest estimate coming in at $238.00 million. Potlatchdeltic reported sales of $289.20 million in the same quarter last year, which indicates a negative year-over-year growth rate of 16.9%. The business is expected to issue its next quarterly earnings results after the market closes on Monday, October 28th.
On average, analysts expect that Potlatchdeltic will report full year sales of $867.54 million for the current fiscal year, with estimates ranging from $861.41 million to $873.20 million. For the next year, analysts forecast that the business will post sales of $919.95 million, with estimates ranging from $901.20 million to $931.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover Potlatchdeltic.
Potlatchdeltic (NASDAQ:PCH) last announced its quarterly earnings data on Monday, July 29th. The real estate investment trust reported $0.25 EPS for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.06. The firm had revenue of $215.60 million during the quarter, compared to analyst estimates of $210.17 million. Potlatchdeltic had a return on equity of 6.46% and a net margin of 9.50%. The company’s revenue was down 19.6% on a year-over-year basis. During the same period last year, the company earned $0.75 earnings per share.
Institutional investors have recently bought and sold shares of the company. Ancora Advisors LLC lifted its holdings in shares of Potlatchdeltic by 41.1% during the 2nd quarter. Ancora Advisors LLC now owns 308,867 shares of the real estate investment trust’s stock valued at $12,040,000 after purchasing an additional 89,956 shares in the last quarter. Swiss National Bank lifted its holdings in shares of Potlatchdeltic by 8.0% during the 2nd quarter. Swiss National Bank now owns 126,322 shares of the real estate investment trust’s stock valued at $4,924,000 after purchasing an additional 9,400 shares in the last quarter. Foundry Partners LLC lifted its holdings in shares of Potlatchdeltic by 11.0% during the 2nd quarter. Foundry Partners LLC now owns 47,204 shares of the real estate investment trust’s stock valued at $1,840,000 after purchasing an additional 4,659 shares in the last quarter. Clearbridge Investments LLC bought a new position in shares of Potlatchdeltic during the 1st quarter valued at about $13,705,000. Finally, Prudential Financial Inc. lifted its holdings in shares of Potlatchdeltic by 6.2% during the 2nd quarter. Prudential Financial Inc. now owns 45,381 shares of the real estate investment trust’s stock valued at $1,769,000 after purchasing an additional 2,630 shares in the last quarter. Institutional investors own 89.10% of the company’s stock.
PCH stock traded up $0.25 during midday trading on Monday, reaching $41.63. The stock had a trading volume of 108,906 shares, compared to its average volume of 423,817. The business has a fifty day simple moving average of $40.38 and a two-hundred day simple moving average of $38.40. The company has a quick ratio of 1.14, a current ratio of 1.58 and a debt-to-equity ratio of 0.57. The firm has a market cap of $2.78 billion, a price-to-earnings ratio of 18.26, a PEG ratio of 9.96 and a beta of 1.41. Potlatchdeltic has a twelve month low of $28.07 and a twelve month high of $42.76.
The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $1.60 annualized dividend and a dividend yield of 3.84%. Potlatchdeltic’s payout ratio 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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