Deltic Timber Corporation (DEL) Posts Quarterly Earnings Results
Deltic Timber Corporation (NYSE:DEL) posted its earnings results on Monday. The construction company reported $0.20 earnings per share for the quarter, Bloomberg Earnings reports. The business had revenue of $61.66 million for the quarter. Deltic Timber Corporation had a net margin of 3.82% and a return on equity of 3.38%.
Shares of Deltic Timber Corporation (NYSE DEL) traded down 1.85% during trading on Tuesday, reaching $91.05. 60,345 shares of the company’s stock were exchanged. The company has a 50 day moving average of $86.73 and a 200 day moving average of $76.48. Deltic Timber Corporation has a 52-week low of $53.21 and a 52-week high of $96.65. The firm has a market capitalization of $1.11 billion, a P/E ratio of 131.96 and a beta of 0.88.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 18th. Shareholders of record on Monday, December 4th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Friday, December 1st. This represents a $0.40 dividend on an annualized basis and a yield of 0.43%. Deltic Timber Corporation’s dividend payout ratio is currently 57.97%.
DEL has been the topic of several recent research reports. TheStreet upgraded shares of Deltic Timber Corporation from a “c+” rating to a “b-” rating in a report on Thursday, September 28th. ValuEngine upgraded shares of Deltic Timber Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, September 26th. BTIG Research restated a “buy” rating and set a $45.00 target price on shares of Deltic Timber Corporation in a report on Tuesday, July 4th. Stephens upgraded shares of Deltic Timber Corporation from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $49.00 to $60.00 in a report on Monday, July 17th. Finally, Morgan Stanley boosted their price objective on shares of Deltic Timber Corporation from $48.00 to $49.00 and gave the stock an “equal weight” rating in a report on Thursday, July 6th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $50.13.
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About Deltic Timber Corporation
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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