$189.89 Million in Sales Expected for Potlatch Corporation (PCH) This Quarter
Analysts forecast that Potlatch Corporation (NASDAQ:PCH) will announce $189.89 million in sales for the current quarter, according to Zacks. Two analysts have issued estimates for Potlatch Corporation’s earnings, with estimates ranging from $186.20 million to $193.58 million. Potlatch Corporation reported sales of $174.03 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 9.1%. The company is scheduled to report its next earnings report after the market closes on Monday, October 23rd.
On average, analysts expect that Potlatch Corporation will report full year sales of $189.89 million for the current financial year, with estimates ranging from $661.30 million to $679.20 million. For the next year, analysts expect that the business will post sales of $708.69 million per share, with estimates ranging from $699.70 million to $717.69 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Potlatch Corporation.
Several equities analysts have recently commented on PCH shares. BidaskClub downgraded Potlatch Corporation from a “buy” rating to a “hold” rating in a research report on Saturday, October 7th. Vertical Research downgraded Potlatch Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. Royal Bank Of Canada restated a “hold” rating and issued a $47.00 price objective on shares of Potlatch Corporation in a research report on Monday, July 31st. Zacks Investment Research upgraded Potlatch Corporation from a “sell” rating to a “hold” rating and set a $56.00 price objective on the stock in a research report on Friday, July 28th. Finally, BMO Capital Markets restated a “hold” rating and issued a $40.00 price objective on shares of Potlatch Corporation in a research report on Thursday, July 20th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $45.80.
Shares of Potlatch Corporation (NASDAQ PCH) remained flat at $51.60 on Monday. 172,009 shares of the company’s stock traded hands. The company has a market capitalization of $2.10 billion, a PE ratio of 25.53 and a beta of 1.41. The stock’s 50 day moving average is $49.04 and its 200 day moving average is $46.91. Potlatch Corporation has a 52-week low of $36.35 and a 52-week high of $52.45.
The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were given a $0.375 dividend. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.91%. Potlatch Corporation’s dividend payout ratio is currently 73.89%.
Large investors have recently bought and sold shares of the stock. UBS Asset Management Americas Inc. raised its position in Potlatch Corporation by 32.9% during the first quarter. UBS Asset Management Americas Inc. now owns 25,088 shares of the real estate investment trust’s stock valued at $1,147,000 after purchasing an additional 6,208 shares during the period. Karp Capital Management Corp purchased a new stake in Potlatch Corporation during the first quarter valued at approximately $663,000. Sei Investments Co. raised its position in Potlatch Corporation by 12.7% during the first quarter. Sei Investments Co. now owns 13,665 shares of the real estate investment trust’s stock valued at $624,000 after purchasing an additional 1,538 shares during the period. Ameriprise Financial Inc. raised its position in Potlatch Corporation by 5.5% during the first quarter. Ameriprise Financial Inc. now owns 246,990 shares of the real estate investment trust’s stock valued at $11,288,000 after purchasing an additional 12,862 shares during the period. Finally, Parametric Portfolio Associates LLC raised its position in Potlatch Corporation by 4.8% during the first quarter. Parametric Portfolio Associates LLC now owns 49,547 shares of the real estate investment trust’s stock valued at $2,264,000 after purchasing an additional 2,252 shares during the period. Institutional investors own 83.25% of the company’s stock.
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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