Deltic Timber Corp (DEL) Announces Quarterly Earnings Results
Deltic Timber Corp (NYSE:DEL) posted its earnings results on Wednesday. The construction company reported $0.09 earnings per share for the quarter. Deltic Timber Corp had a return on equity of 2.44% and a net margin of 2.84%. The company had revenue of $53.22 million for the quarter.
Shares of Deltic Timber Corp (NYSE:DEL) traded down 1.47% during midday trading on Friday, hitting $74.98. The stock had a trading volume of 32,275 shares. The company’s 50 day moving average price is $76.57 and its 200-day moving average price is $73.78. Deltic Timber Corp has a 1-year low of $53.21 and a 1-year high of $85.49. The firm has a market capitalization of $913.78 million, a PE ratio of 98.66 and a beta of 0.97.
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 19th. Stockholders of record on Monday, June 5th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.53%. The ex-dividend date of this dividend is Thursday, June 1st. Deltic Timber Corp’s dividend payout ratio is currently 81.63%.
DEL has been the topic of several recent research reports. Morgan Stanley restated an “equal weight” rating and set a $45.00 target price on shares of Deltic Timber Corp in a report on Monday, March 27th. BTIG Research restated a “buy” rating and set a $45.00 target price on shares of Deltic Timber Corp in a report on Wednesday, April 19th. Barclays PLC restated an “equal weight” rating and set a $41.00 target price (down from $43.00) on shares of Deltic Timber Corp in a report on Thursday, February 2nd. Bank of America Corp upgraded Deltic Timber Corp from a “neutral” rating to a “buy” rating and raised their target price for the company from $44.00 to $54.00 in a report on Wednesday, April 26th. Finally, TheStreet upgraded Deltic Timber Corp from a “c” rating to a “b-” rating in a report on Monday, February 27th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $43.80.
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About Deltic Timber Corp
Deltic Timber Corporation is a vertically integrated natural resources company. The Company is engaged in the growing and harvesting of timber and the manufacturing and marketing of lumber and medium density fiberboard (MDF). It operates through four segments: Woodlands, which manages all aspects of the Company’s timberlands; Manufacturing, which consists of its approximately two sawmills that manufacture a range of softwood lumber products and the Del-Tin Fiber plant that produces MDF; Real Estate, which includes the Company’s four real estate developments and a related country club operation, and Corporate.
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