Brokerages forecast that Potlatch Corporation (NASDAQ:PCH) will post $170.09 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Potlatch Corporation’s earnings, with estimates ranging from $170.00 million to $170.18 million. Potlatch Corporation posted sales of $155.68 million during the same quarter last year, which suggests a positive year over year growth rate of 9.3%. The company is expected to report its next earnings report on Tuesday, January 30th.
On average, analysts expect that Potlatch Corporation will report full-year sales of $170.09 million for the current financial year, with estimates ranging from $673.40 million to $673.53 million. For the next fiscal year, analysts expect that the firm will report sales of $712.73 million per share, with estimates ranging from $707.70 million to $717.76 million. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Potlatch Corporation.
Potlatch Corporation (NASDAQ:PCH) last announced its quarterly earnings results on Monday, October 23rd. The real estate investment trust reported $0.94 EPS for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.06. The company had revenue of $190.40 million for the quarter, compared to analysts’ expectations of $187.29 million. Potlatch Corporation had a net margin of 13.54% and a return on equity of 54.42%. Potlatch Corporation’s revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.68 EPS.
A number of equities analysts have recently commented on PCH shares. BidaskClub raised shares of Potlatch Corporation from a “hold” rating to a “buy” rating in a report on Friday, October 13th. Zacks Investment Research lowered shares of Potlatch Corporation from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 25th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $47.00 target price on shares of Potlatch Corporation in a report on Monday, July 31st. BMO Capital Markets reaffirmed a “hold” rating on shares of Potlatch Corporation in a report on Monday, October 23rd. Finally, Vertical Research lowered shares of Potlatch Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a strong buy rating to the company’s stock. Potlatch Corporation currently has an average rating of “Hold” and an average price target of $49.40.
Shares of Potlatch Corporation (PCH) traded down $0.35 during trading hours on Friday, hitting $53.50. 460,144 shares of the stock were exchanged, compared to its average volume of 474,301. The company has a market cap of $2,160.00, a price-to-earnings ratio of 23.73, a price-to-earnings-growth ratio of 4.19 and a beta of 1.45. Potlatch Corporation has a 1 year low of $39.05 and a 1 year high of $56.35. The company has a quick ratio of 1.72, a current ratio of 2.17 and a debt-to-equity ratio of 2.92.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 8th will be given a dividend of $0.40 per share. The ex-dividend date is Thursday, December 7th. This represents a $1.60 annualized dividend and a yield of 2.99%. This is a boost from Potlatch Corporation’s previous quarterly dividend of $0.38. Potlatch Corporation’s dividend payout ratio is presently 69.44%.
In other Potlatch Corporation news, VP William R. Dereu sold 4,720 shares of the stock in a transaction on Friday, November 10th. The shares were sold at an average price of $52.50, for a total transaction of $247,800.00. Following the completion of the sale, the vice president now owns 26,142 shares of the company’s stock, valued at approximately $1,372,455. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.52% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the business. D.A. Davidson & CO. boosted its position in Potlatch Corporation by 19.4% during the 2nd quarter. D.A. Davidson & CO. now owns 2,600 shares of the real estate investment trust’s stock valued at $118,000 after buying an additional 423 shares during the period. Wealthcare Advisory Partners LLC purchased a new stake in shares of Potlatch Corporation in the 3rd quarter worth about $142,000. LS Investment Advisors LLC lifted its position in shares of Potlatch Corporation by 18.2% in the 2nd quarter. LS Investment Advisors LLC now owns 3,140 shares of the real estate investment trust’s stock worth $143,000 after purchasing an additional 483 shares during the period. Riverhead Capital Management LLC lifted its position in shares of Potlatch Corporation by 75.3% in the 2nd quarter. Riverhead Capital Management LLC now owns 3,331 shares of the real estate investment trust’s stock worth $152,000 after purchasing an additional 1,431 shares during the period. Finally, Flinton Capital Management LLC lifted its position in shares of Potlatch Corporation by 68.8% in the 2nd quarter. Flinton Capital Management LLC now owns 4,420 shares of the real estate investment trust’s stock worth $202,000 after purchasing an additional 1,802 shares during the period. 84.27% of the stock is owned by institutional investors and hedge funds.
Potlatch Corporation Company Profile
Potlatch Corporation is a real estate investment trust (REIT), which is primarily engaged in activities associated with timberland management, including the sale of timber, management of timberlands, and purchase and sale of timberlands. The Company is also engaged in the manufacture and sale of wood products.
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