Potlatch Corporation (PCH) Expected to Post Earnings of $0.87 Per Share
Brokerages predict that Potlatch Corporation (NASDAQ:PCH) will report $0.87 earnings per share for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Potlatch Corporation’s earnings. The highest EPS estimate is $0.90 and the lowest is $0.83. Potlatch Corporation reported earnings per share of $0.68 during the same quarter last year, which would indicate a positive year over year growth rate of 27.9%. The firm is scheduled to issue its next quarterly earnings report on Friday, October 20th.
On average, analysts expect that Potlatch Corporation will report full year earnings of $2.37 per share for the current year, with EPS estimates ranging from $2.25 to $2.46. For the next fiscal year, analysts anticipate that the company will post earnings of $2.34 per share, with EPS estimates ranging from $2.20 to $2.55. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that cover Potlatch Corporation.
A number of equities analysts have recently commented on PCH shares. Zacks Investment Research upgraded shares of Potlatch Corporation from a “sell” rating to a “hold” rating and set a $56.00 price target on the stock in a report on Friday, July 28th. BidaskClub lowered shares of Potlatch Corporation from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. Royal Bank Of Canada restated a “hold” rating and issued a $47.00 target price on shares of Potlatch Corporation in a report on Monday, July 31st. Vertical Research upgraded shares of Potlatch Corporation from a “sell” rating to a “hold” rating in a report on Thursday, May 4th. Finally, UBS AG lowered shares of Potlatch Corporation from an “outperform” rating to a “market perform” rating in a report on Tuesday, June 27th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $45.80.
Large investors have recently modified their holdings of the company. Flinton Capital Management LLC increased its stake in shares of Potlatch Corporation by 28.3% in the first quarter. Flinton Capital Management LLC now owns 2,618 shares of the real estate investment trust’s stock worth $120,000 after buying an additional 578 shares during the last quarter. American Century Companies Inc. bought a new position in Potlatch Corporation during the first quarter worth $6,113,000. 361 Capital LLC bought a new position in Potlatch Corporation during the first quarter worth $1,032,000. Capital One National Association bought a new position in Potlatch Corporation during the first quarter worth $465,000. Finally, State Treasurer State of Michigan boosted its position in Potlatch Corporation by 0.6% in the first quarter. State Treasurer State of Michigan now owns 16,441 shares of the real estate investment trust’s stock worth $751,000 after buying an additional 100 shares during the last quarter. 83.22% of the stock is owned by institutional investors and hedge funds.
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Shares of Potlatch Corporation (NASDAQ:PCH) traded up 1.466% during trading on Thursday, hitting $46.725. The company had a trading volume of 19,070 shares. The stock has a market cap of $1.90 billion, a PE ratio of 23.120 and a beta of 1.41. Potlatch Corporation has a 12-month low of $35.38 and a 12-month high of $49.00. The firm has a 50 day moving average of $46.72 and a 200 day moving average of $45.71.
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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