Potlatch Corp. (PCH) to Release Quarterly Earnings on Friday

Potlatch Corp. (NASDAQ:PCH) will be posting its quarterly earnings results before the market opens on Friday, October 21st. Analysts expect Potlatch Corp. to post earnings of $0.65 per share for the quarter.

Potlatch Corp. (NASDAQ:PCH) last released its earnings results on Tuesday, July 26th. The real estate investment trust reported $0.13 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.07. Potlatch Corp. had a negative net margin of 0.99% and a positive return on equity of 16.52%. The company had revenue of $141.50 million for the quarter, compared to analyst estimates of $128.70 million. During the same quarter last year, the firm earned $0.02 EPS. The firm’s quarterly revenue was up 9.9% compared to the same quarter last year. On average, analysts expect Potlatch Corp. to post $1.11 EPS for the current fiscal year and $1.46 EPS for the next fiscal year.

Earnings History for Potlatch Corp. (NASDAQ:PCH)

Potlatch Corp. (NASDAQ:PCH) opened at 38.80 on Wednesday. The company’s market cap is $1.57 billion. The company’s 50 day moving average is $38.06 and its 200 day moving average is $35.95. Potlatch Corp. has a 12-month low of $24.01 and a 12-month high of $39.91.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Tuesday, September 20th were given a dividend of $0.375 per share. The ex-dividend date of this dividend was Friday, September 16th. This represents a $1.50 annualized dividend and a yield of 3.87%. Potlatch Corp.’s dividend payout ratio (DPR) is -1,000.00%.

A number of equities analysts have weighed in on PCH shares. TheStreet upgraded shares of Potlatch Corp. from a “hold” rating to a “buy” rating in a research report on Friday, July 22nd. Zacks Investment Research lowered shares of Potlatch Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, October 4th. DA Davidson lowered shares of Potlatch Corp. from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $56.00 to $40.00 in a research report on Wednesday, July 27th. They noted that the move was a valuation call. BMO Capital Markets started coverage on shares of Potlatch Corp. in a research report on Thursday, October 13th. They issued a “market perform” rating and a $36.00 price target for the company. Finally, Buckingham Research lowered shares of Potlatch Corp. from a “buy” rating to a “neutral” rating and set a $42.00 price target for the company. in a research report on Monday. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $39.83.

Institutional investors have recently added to or reduced their stakes in the company. Keeley Asset Management Corp bought a new position in Potlatch Corp. during the second quarter valued at approximately $1,074,000. Pictet Asset Management Ltd. increased its stake in Potlatch Corp. by 2.8% in the second quarter. Pictet Asset Management Ltd. now owns 1,558,466 shares of the real estate investment trust’s stock worth $53,269,000 after buying an additional 42,673 shares during the last quarter. Profund Advisors LLC increased its stake in Potlatch Corp. by 11.3% in the second quarter. Profund Advisors LLC now owns 9,173 shares of the real estate investment trust’s stock worth $313,000 after buying an additional 929 shares during the last quarter. Stevens Capital Management LP increased its stake in Potlatch Corp. by 12.2% in the second quarter. Stevens Capital Management LP now owns 25,104 shares of the real estate investment trust’s stock worth $856,000 after buying an additional 2,735 shares during the last quarter. Finally, Cannell Peter B & Co. Inc. increased its stake in Potlatch Corp. by 14.4% in the second quarter. Cannell Peter B & Co. Inc. now owns 304,500 shares of the real estate investment trust’s stock worth $10,383,000 after buying an additional 38,350 shares during the last quarter. 83.04% of the stock is currently owned by hedge funds and other institutional investors.

Potlatch Corp. Company Profile

Potlatch Corporation is a real estate investment trust (REIT). The Company operates through three segments: Resource, Wood Products and Real Estate. The Resource segment management activities include planting and harvesting trees, and building and maintaining roads. Its activities also include hunting leases, recreation permits and leases, mineral rights leases, biomass production and carbon sequestration.

5 Day Chart for NASDAQ:PCH

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