Brokerages Anticipate Potlatchdeltic Corp (PCH) Will Announce Earnings of $0.28 Per Share

Wall Street analysts expect Potlatchdeltic Corp (NASDAQ:PCH) to report earnings per share (EPS) of $0.03 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Potlatchdeltic’s earnings, with estimates ranging from $0.02 to $0.06. Potlatchdeltic posted earnings per share of $0.54 in the same quarter last year, which would indicate a negative year over year growth rate of 94.4%. The company is scheduled to report its next earnings results on Monday, February 4th.

On average, analysts expect that Potlatchdeltic will report full-year earnings of $2.42 per share for the current year. For the next financial year, analysts forecast that the firm will report earnings of $1.55 per share, with EPS estimates ranging from $1.45 to $1.71. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Potlatchdeltic.

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Potlatchdeltic (NASDAQ:PCH) last announced its earnings results on Monday, February 4th. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.01. Potlatchdeltic had a return on equity of 15.77% and a net margin of 14.23%. During the same period last year, the company posted $0.62 earnings per share.

PCH has been the subject of several research reports. ValuEngine raised Potlatchdeltic from a “strong sell” rating to a “sell” rating in a research report on Monday, October 29th. Zacks Investment Research lowered Potlatchdeltic from a “hold” rating to a “sell” rating in a research report on Tuesday, October 16th. BidaskClub raised Potlatchdeltic from a “strong sell” rating to a “sell” rating in a research report on Thursday, November 15th. BMO Capital Markets decreased their target price on Potlatchdeltic from $49.00 to $44.00 and set a “hold” rating for the company in a research report on Wednesday, October 31st. Finally, Vertical Research raised Potlatchdeltic from a “hold” rating to a “buy” rating in a research report on Monday, January 7th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. Potlatchdeltic presently has an average rating of “Hold” and an average price target of $49.50.

Shares of NASDAQ:PCH opened at $37.51 on Friday. Potlatchdeltic has a 52-week low of $28.07 and a 52-week high of $54.90. The company has a market capitalization of $2.35 billion, a PE ratio of 13.12, a PEG ratio of 4.82 and a beta of 1.31. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.87 and a quick ratio of 0.63.

Several institutional investors have recently bought and sold shares of the business. Oppenheimer Asset Management Inc. purchased a new position in Potlatchdeltic during the fourth quarter valued at $101,000. LS Investment Advisors LLC lifted its position in Potlatchdeltic by 10.3% during the fourth quarter. LS Investment Advisors LLC now owns 3,729 shares of the real estate investment trust’s stock valued at $118,000 after purchasing an additional 348 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in Potlatchdeltic by 648.0% during the third quarter. Tower Research Capital LLC TRC now owns 5,842 shares of the real estate investment trust’s stock valued at $239,000 after purchasing an additional 5,061 shares in the last quarter. Verition Fund Management LLC purchased a new position in Potlatchdeltic during the third quarter valued at $246,000. Finally, Quantbot Technologies LP purchased a new position in Potlatchdeltic during the third quarter valued at $248,000. 85.53% of the stock is owned by institutional investors and hedge funds.

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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