Deltic Timber Corp. (DEL) Releases Quarterly Earnings Results

Deltic Timber Corp. (NYSE:DEL) announced its earnings results on Wednesday. The company reported $0.35 earnings per share (EPS) for the quarter. The company earned $56.70 million during the quarter, compared to analyst estimates of $45.70 million.

Deltic Timber Corp. (NYSE:DEL) remained flat at $69.50 during midday trading on Wednesday. 49,229 shares of the company traded hands. The company’s 50-day moving average price is $66.51 and its 200 day moving average price is $61.05. The stock has a market capitalization of $843.94 million and a PE ratio of 780.90. Deltic Timber Corp. has a 52 week low of $50.84 and a 52 week high of $70.00.

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date of this dividend is Tuesday, August 30th.

Several research firms have recently weighed in on DEL. Barclays PLC reissued an “equal weight” rating and issued a $37.00 price target on shares of Deltic Timber Corp. in a research note on Friday, July 15th. BMO Capital Markets reissued a “market perform” rating and issued a $30.00 price target (down from $37.00) on shares of Deltic Timber Corp. in a research note on Thursday, March 31st. Nomura reissued a “neutral” rating and issued a $33.00 price target (up from $29.00) on shares of Deltic Timber Corp. in a research note on Thursday, May 5th. Oppenheimer Holdings Inc. reissued an “outperform” rating and issued a $50.00 price target on shares of Deltic Timber Corp. in a research note on Tuesday, April 5th. Finally, Macquarie reissued an “outperform” rating and issued a $60.00 price target (down from $65.00) on shares of Deltic Timber Corp. in a research note on Tuesday, April 5th. One analyst has rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $42.36.

In other news, VP David V. Meghreblian sold 4,855 shares of the company’s stock in a transaction on Wednesday, June 1st. The shares were sold at an average price of $64.71, for a total transaction of $314,167.05. Following the transaction, the vice president now directly owns 16,797 shares of the company’s stock, valued at approximately $1,086,933.87. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

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 its timberlands, including harvesting and sale of timber, timberland sales and acquisitions, oil and gas revenues, timberland management and leasing of hunting land; 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 approximately four real estate developments and a related country club operation, and Corporate, which consists of executive management and the staff functions.