In yesterday’s Wall Street session, PotlatchDeltic Corp (NASDAQ:PCH) shares traded at $40.21, down -0.74% from the previous session.
PCH stock price is now -5.25% away from the 50-day moving average and -10.39% away from the 200-day moving average. The market capitalization of the company currently stands at $3.20B.
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With the price target enhanced from $45 to $46, RBC Capital Mkts Upgraded its rating from Sector Perform to Outperform for PotlatchDeltic Corp (NASDAQ: PCH)., while ‘RBC Capital Mkts’ rates the stock as ‘Sector Perform’
In other news, CREMERS ERIC J, President and CEO sold 17,591 shares of the company’s stock on Feb 12 ’24. The stock was sold for $793,871 at an average price of $45.13. Upon completion of the transaction, the President and CEO now directly owns 241,111 shares in the company, valued at $9.7 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 12 ’24, VP, General Counsel & Corp Sec Tyler Michele sold 3,968 shares of the business’s stock. A total of $179,110 was realized by selling the stock at an average price of $45.14. This leaves the insider owning 31,864 shares of the company worth $1.28 million. A total of 2.47% of the company’s stock is owned by insiders.
During the past 12 months, PotlatchDeltic Corp has had a low of $39.85 and a high of $53.38. According to the stock market information, the enterprise value for the company is $4072432640, which is based on a 71.00 price-to-earnings ratio, a 14.20 price-to-earnings-growth ratio, and a beta of 1.14. The fifty day moving average price for PCH is $42.3384 and a two-hundred day moving average price translates $45.02035 for the stock.
The latest earnings results from PotlatchDeltic Corp (NASDAQ: PCH) was released for 2024-03-31. The net profit margin was 4.58% and return on equity was 2.08% for PCH. The company reported revenue of $228.13 million for the quarter, compared to $257.96 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -11.57 percent.
