PotlatchDeltic Corporation (NASDAQ:PCH) real estate investment trust, is reporting second quarter earnings results on Monday 27th July 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.02 per share from $ 175.46 million in revenue.
For the full year, analysts predict revenues of $ 806.92 million, while looking forward to income of $ 0.04 per share.
Previous Quarter Performance
PotlatchDeltic Corporation reported income for the first quarter of $ 0.22 per share, from the revenue of $ 208.88 million. The quarterly earnings hiked 175.00 percent while revenues extended 14.95 percent compared with the same quarter last year.
According to street consensus, PCH was expected to report 1Q20 income of $ 0.12 per share from revenue of $ 195.91 million. The bottom line results beat street analysts by $ 0.1 or 83.33 percent, at the same time, top line results outshined analysts by $ 12.97 million or 6.62 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of PCH was $ 42.47, representing a 89.60 % increase from the 52 week low of $ 22.40 and a 6.49 % decrease over the 52 week high of $ 45.42.
The company has a market capital of $ 2.84 billion and is part of the Real Estate sector and REIT – Diversified industry.
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Recent Analyst recommendations
- On 10th July 2020, upgraded by RBC Capital to Outperform from Sector Perform rating, with $ 45.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.40 per share on May 7, 2020. The dividend were payable on June 30, 2020 to holders of record as of the close of business on June 5, 2020 and ex-dividend date on June 4, 2020.
PotlatchDeltic (NASDAQ:PCH) is a leading Real Estate Investment Trust (REIT) that owns nearly 1.9 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. PotlatchDeltic, a leader in sustainable forest practices, is dedicated to long-term stewardship and sustainable management of its timber resources.
